The Raider

Look out, Mentor.

Noted investor/corporate raider Carl Icahn keeps upping his stake in the EDA company. At last report, it was 9.5% (that’s as of Tuesday), up from 6.86% a month ago. Reports hold that Icahn plans “to discuss ways to maximize shareholder value with the Mentor management.”

Even though the company’s stock is up more than 75% over the past year, Icahn’s interest can’t be comforting news to Mentor. Indeed, it may be that Icahn’s buying and holding (coupled with similar moves by those looking to draft off his moves) is helping boost the price.

In his 10+ years at the helm of Mentor, chairman and CEO Wally Rhines has been a good steward, hands-on and clearly vested in the long-term outcome of the company and the industry. Multi-billionaire raiders like Icahn might be able to “unlock” a little more wealth — but for whom, and at what cost?

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About Mike

Mike Buetow is president of the Printed Circuit Engineering Association ( He previously was editor-in-chief of Circuits Assembly magazine, the leading publication for electronics manufacturing, and PCD&F, the leading publication for printed circuit design and fabrication. He spent 21 years as vice president and editorial director of UP Media Group, for which he oversaw all editorial and production aspects. He has more than 30 years' experience in the electronics industry, including six years at IPC, an electronics trade association, at which he was a technical projects manager and communications director. He has also held editorial positions at SMT Magazine, community newspapers and in book publishing. He is a graduate of the University of Illinois. Follow Mike on Twitter: @mikebuetow