Tibco jumps on Loeb report

The Information reports Dan Loeb has been building up his Tibco (TIBX +5.8%) stake, and could make an activist push. Shares of the middleware/analytics software vendor have spiked higher in response.

Loeb owned 4.425M Tibco shares at the end of Q3, down from 5M at the end of Q2 and good for a 2.7% stake. SA Pro contributor Akram's Razor argued in September Loeb could push for a spinoff/IPO of Tibco's Business Optimization unit, which includes its Spotfire analytics platform.

After many quarters of strong growth, Spotfire saw a Y/Y license revenue decline in Tibco's November quarter (tough comps were blamed). That contrasts sharply with the 90% Y/Y revenue growth analytics rival Tableau saw in Q3.

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Comments (1)
  • jiang_2000@yahoo.com
    , contributor
    Comments (5) | Send Message
    my question is
    (1) that what rules the information reporters have to abide by to release these news. can they share this first with certain people? - if they really can influence the stock price
    (2) can equity analysts share info with their clients before up/down grading a stock?
    (3) if yes, maybe it is worth to subscribe to their services (theinformation.com costs $300)
    17 Jan 2014, 01:14 AM Reply Like
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