| Quarter Ending 9/30/2011 | Back to the Enlightened American Website | |||||||||
| Starboard Value LP | ||||||||||
| ***** NEW POSITIONS TAKEN | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | Capital Invested |
| N/A | N/A | AOL INC | 1,400,000 | $12.00 | $16,800,000 | ($16,800,000) | ||||
| N/A | N/A | CSR PLC | 610,435 | $12.98 | $7,923,000 | ($7,923,000) | ||||
| N/A | N/A | ISHARES TRRUSSELL 2000 | 127,000 | $64.30 | $8,166,000 | ($8,166,000) | ||||
| N/A | N/A | MIPS TECHNOLOGIES INC | 5,220,000 | $4.84 | $25,265,000 | ($25,265,000) | ||||
| N/A | N/A | PROGRESS SOFTWARE CORP | 743,299 | $17.55 | $13,045,000 | ($13,045,000) | ||||
| N/A | N/A | SHORETEL INC | 831,995 | $4.99 | $4,148,000 | ($4,148,000) | ||||
| N/A | N/A | XO GROUP INC | 560,000 | $8.17 | $4,575,000 | ($4,575,000) | ||||
| ***** SOLD OFF | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| N/A | N/A | ADVANCED ANALOGIC TECHNOLOGI | 1,462,188 | $6.06 | $8,854,000 | $8,854,000 | ||||
| N/A | N/A | AGILYSYS INC | 141,976 | $8.34 | $1,184,000 | $1,184,000 | ||||
| N/A | N/A | ZORAN CORP | 4,147,500 | $8.40 | $34,839,000 | $34,839,000 | ||||
| ***** HOLD POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 0.00% | -31.88% | OPENWAVE SYSTEMS | 8,513,000 | 8,513,000 | $1.56 | $2.29 | $13,280,000 | $19,495,000 | $0 | |
| 0.00% | -28.57% | SEACHANGE INTERNATIONAL INC | 2,639,342 | 2,639,342 | $7.70 | $10.78 | $20,323,000 | $28,452,000 | $0 | |
| 0.00% | -18.02% | SURMODICS INC | 2,088,760 | 2,088,760 | $9.10 | $11.10 | $19,008,000 | $23,185,000 | $0 | |
| ***** AUGMENTED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 691.14% | -13.66% | 218,400 | ANALOGIC CORP | 250,000 | 31,600 | $45.41 | $52.59 | $11,353,000 | $1,662,000 | ($9,917,981) |
| 832.20% | -9.44% | 540,100 | BAKER (MICHAEL) CORP | 605,000 | 64,900 | $19.13 | $21.12 | $11,574,000 | $1,371,000 | ($10,332,425) |
| 53.41% | -32.19% | 752,339 | DSP GROUP INC | 2,161,039 | 1,408,700 | $5.90 | $8.70 | $12,750,000 | $12,256,000 | ($4,438,755) |
| 260.09% | -8.03% | 1,765,999 | REGIS CORP | 2,445,000 | 679,001 | $14.09 | $15.32 | $34,450,000 | $10,402,000 | ($24,882,890) |
| 78.58% | -5.56% | 3,929,000 | RGS 5.0% 07/15/14 CONVDB | 8,929,000 | 5,000,000 | $1.13 | $1.20 | $10,134,000 | $6,009,000 | ($4,459,232) |
| 77.23% | -5.19% | 1,616,274 | WAUSAU PAPER CORP | 3,709,000 | 2,092,726 | $6.39 | $6.74 | $23,701,000 | $14,105,000 | ($10,328,204) |
| ***** REDUCED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| -51.55% | -40.35% | -1,407,599 | AVIAT NETWORKS INC | 1,322,820 | 2,730,419 | $2.35 | $3.94 | $3,109,000 | $10,758,000 | $3,308,255 |
| -0.38% | -18.21% | -35,000 | EXTREME NETWORKS | 9,165,000 | 9,200,000 | $2.65 | $3.24 | $24,287,000 | $29,808,000 | $92,749 |
| -29.02% | -10.21% | -256,618 | IRIS INTERNATIONAL INC | 627,548 | 884,166 | $8.97 | $9.99 | $5,629,000 | $8,833,000 | $2,301,820 |
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