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 http://english.chosun.com at a board meeting of Korean tobacco maker KT&G in Seoul.

Sedna Capital Discloses 5.65% Stake in Selectica (SLTC)

In a 13D filing after the close on Selectica, Inc. (NASDAQ: SLTC), Sedna Capital disclosed a 5.65% (1.73 million shares) stake in the company.

Sedna said it currently does not have any plan or proposal which relate to or would result in the action enumerated in the instructions to Item 4, but may formulate such a plan or proposal in the future.