ValueAct Capital Lowers Stake in MSC.Software (MSCS) to 3.2%

In an amended 13D filing after the close on MSC.Software Corporation (Nasdaq: MSCS), ValueAct Capital disclosed a 3.2% stake (1.38 million shares) in the company. This is down from the 3.43 million shares the investment firm disclosed for the quarter ended June 30, 2006.