Phoenix Technologies investor Ramius ups ownership interest to 11.8%

By Lisa Kerner

Charlotte, N.C., Nov. 2 - A group of shareholders led by Ramius Value and Opportunity Master Fund Ltd. bought a net 3,800,050 shares of Phoenix Technologies Ltd. between Sept. 1 and Nov. 2.

The shares were priced from $2.02 to $4.05 each, according to a schedule 13D/A filed on Monday with the Securities and Exchange Commission.

Ramius beneficially owns 4,143,043, or 11.8%, of the Milpitas, Calif., computer software company's shares.

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