Wednesday, February 21, 2007

Steel Partners II Raises Stake in Selectica (SLTC) to 7.9%

In a 13D filing on Selectica Inc. (Nasdaq: SLTC), Warren Lichtenstein's Steel Partners II disclosed a 7.9% stake (2.54 million shares) in the company. The firm disclosed a 1.54 million share stake in SLTC for the quarter ended December 31, 2006.

The firm said it has no present plans or proposals which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D, but the firm said in the future they may seek to take certain actions with respect to its investment in the company.

Image from at a board meeting of Korean tobacco maker KT&G in Seoul.

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