While I agree that corporate raiders like Icahn rarely if ever help companies if they take them over, it is also true that Mentor's financial performance under Rhines has been abysmal. Shareholders deserve better. If the board finally owes up to its responsibility to shareholders based on Icahn's push then he has done something useful.
For the last quarter century the US economy has been systematically destroyed by the likes of Icahn who give capitalism a bad name.
They can get away with bloody murder.
More power to Mentor & Wally.
But beware that the US is now running on vapors ( the techology competitiveness tank is near empty ).
Icahn doesn't care about the long term interests of an EDA company like Mentor. There will be a negative economic impact to most of the semiconductor industry if Icahn succeeds. It is pretty obvious his hedge fund buddies wanted Mentor to be sold to Cadence. I think Icahn will fail though since he is completely clueless about technology.
I know that Mr. Icahn is a classic corporate raider, but his rumored strategies for Mentor just don't make sense to me. Mentor has a clear value in the EDA ecosystem as an independent company. I don't see how it has any meaningful value after being sold to either a competitor, or one of its big customers (so why would anyone buy it). Does he just figure that Gary Meyers will do a better job of running it than Dr. Rhines? Does he just not understand the EDA business?