SAN FRANCISCO -- On its earnings call next week, Sybase(SY Quote) should give investors a big clue to its future, which should include the company boosting its stock buyback program by a wide margin.
If such an announcement isn't forthcoming on Oct. 25, the software developer becomes a sitting duck for a buyout by Oracle(ORCL Quote) or other big business software vendors looking for business "mobility" software.
A larger buyback -- or a sale of the company -- are two of three options that were advocated by hedge fund Sandell Asset Management in a letter to Sybase last Friday. Sandell's CEO, Thomas Sandell, also suggested the spinoff of the company's mobile software offerings as another option.
Sandell recently acquired 5.4 million shares, or 6% of the Dublin, Calif., company. ...
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