While the company's management has faltered lately, its founders, now at rival Handspring, have just announced another potential breakthrough: the Treo Communicator, which seamlessly combines a phone, organizer and wireless Internet device.
But Strategic's management, which along with the company's board has rejected Orange Capital's suggestion, says it does have a plan to boost the company's value.
Icahn, who owns 3.3% of the company, has criticized management's poor guidance of the company.
The company's insular, compartmentalized style of management has let it fall behind in too many vital areas.
The company has attracted big investors, like Boston's Wellington Management, the respectable subadviser for fund vendor Vanguard.
While the writeoff will depress this year's numbers, the company has a solid core business and clever management.
Mr Haas admits that Levi's gentle management style has made it hard for the company to react quickly to events.
But the latest Kremlin-backed management putsch at Gazprom, the country's largest company, has made things look different.
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Today's confusion reflects in part the overstretched management of any young company that has grown so fast.
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And while the public perception of BP's crisis management may be negative, the reality of what the company has done is much different.
Although DaimlerChrysler has kept its stake low enough to avoid consolidating Mitsubishi's liabilities, it has now taken over management of the Japanese company, just as Renault did with Nissan, also of Japan, 18 months ago.
The main backers of this year's event was Aberdeen Asset Management and the PGA has indicated that the company is anxious to maintain its support providing the tournament stays at the Scottish course.
Chrysler 's new management has figured out one thing: It can't fix the company without dramatically shrinking the carmaker's bloated dealer network.
Dell's largest independent shareholder, Southeastern Asset Management, has said that Mr Dell's offer "grossly undervalues the company", while reports suggest other large investors also oppose the deal.
Maersk does expect some improvement in rates in the fourth quarter, but management has little incentive to sound positive just yet--raising the company's outlook won't necessarily help with rate negotiations.
"Mr. Sasa's career spans 30 years in the Company's core Medical Business, and in recent years he has been deeply involved in the management of this core business, " Olympus said in a statement.
Analysts say, however, the announcement has more to do with management realignment than any strategic reshuffling of the company's business units.
The former head of Autonomy, Mike Lynch, who is also a non-executive director of the BBC, has rejected HP's claims that former Autonomy management misled them as to the company's value.
Wells Fargo's revised policy takes back unpaid compensation awards in the event of misconduct, material error, failure to supervise or in the event the company or an individual executive's business group has a material downturn in financial performance or failure of risk management.
President Jacques Chirac has used his influence to hire and fire the company's top executives and to intervene in management decisions.
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The failure of a private management company to repay a Cambridgeshire NHS hospital's debts could lead to the facility closing, a union has warned.
Over the last 50 years it has been rare for 50% or more of a company's shares to be voted against management on matters of corporate governance.
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