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	<title>Greenbackd &#187; InFocus Corporation (NASDAQ:INFS)</title>
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	<description>Identifying undervalued activist situations</description>
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		<title>Greenbackd &#187; InFocus Corporation (NASDAQ:INFS)</title>
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		<title>Greenbackd Portfolio Q1 performance and update</title>
		<link>http://greenbackd.com/2009/03/02/greenbackd-portfolio-q1-performance-and-update/</link>
		<comments>http://greenbackd.com/2009/03/02/greenbackd-portfolio-q1-performance-and-update/#comments</comments>
		<pubDate>Mon, 02 Mar 2009 05:00:57 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[ARC Wireless Solutions (NASDAQ:ARCW)]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=1158</guid>
		<description><![CDATA[March 1, 2009 marked the end of Greenbackd&#8217;s first quarter, so we thought we&#8217;d take the opportunity to update you on the performance of the Greenbackd Portfolio and the positions in the portfolio, discuss some changes in our valuation methodology since our first post and outline the future direction of Greenbackd.com. First quarter performance of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=1158&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>10</slash:comments>
	
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		<title>INFS releases results; burns cash and investment thesis</title>
		<link>http://greenbackd.com/2009/02/12/infs-releases-results-burns-cash-and-investment-thesis/</link>
		<comments>http://greenbackd.com/2009/02/12/infs-releases-results-burns-cash-and-investment-thesis/#comments</comments>
		<pubDate>Thu, 12 Feb 2009 05:34:45 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[InFocus Corporation (NASDAQ:INFS)]]></category>
		<category><![CDATA[Lloyd I. Miller III]]></category>
		<category><![CDATA[Nery Capital Partners]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Liquidating Value]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=983</guid>
		<description><![CDATA[InFocus Corporation (NASDAQ:INFS) has released its results for the fourth quarter and full year ended December 31 and they are, frankly, nothing short of horrific. As always, Greenbackd&#8217;s concern is primarily for the state of the balance sheet and the liquidation value of the company. Here, the news is bad: Balance Sheet Total cash and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=983&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/02/12/infs-releases-results-burns-cash-and-investment-thesis/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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		<title>INFS adopts poison pill</title>
		<link>http://greenbackd.com/2009/01/08/infs-adopts-poison-pill/</link>
		<comments>http://greenbackd.com/2009/01/08/infs-adopts-poison-pill/#comments</comments>
		<pubDate>Thu, 08 Jan 2009 05:05:45 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[InFocus Corporation (NASDAQ:INFS)]]></category>
		<category><![CDATA[Nery Capital Partners]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Liquidating Value]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=610</guid>
		<description><![CDATA[InFocus Corporation (NASDAQ:INFS) has just announced that its board has amended INFS&#8217;s bylaws and adopted what it euphemistically calls a &#8220;Shareholder Rights Plan.&#8221; The company&#8217;s press release reads: Effective today, if any person or group acquires 15 percent or more of the voting power of the Company&#8217;s outstanding common stock without the approval of the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=610&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/01/08/infs-adopts-poison-pill/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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		<title>Nery Capital ups stake in INFS</title>
		<link>http://greenbackd.com/2009/01/07/nery-capital-ups-stake-in-infs/</link>
		<comments>http://greenbackd.com/2009/01/07/nery-capital-ups-stake-in-infs/#comments</comments>
		<pubDate>Wed, 07 Jan 2009 05:53:21 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[InFocus Corporation (NASDAQ:INFS)]]></category>
		<category><![CDATA[Lloyd I. Miller III]]></category>
		<category><![CDATA[Nery Capital Partners]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Liquidating Value]]></category>
		<category><![CDATA[Lloyd Miller]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=586</guid>
		<description><![CDATA[Nery Capital has increased its holding in InFocus Corporation (NASDAQ:INFS) according to its most recent 13D amendment filed January 5 this year.  Nery Capital now controls 12.2% of INFS&#8217;s outstanding stock, up from 11.2% at its last filing on December 5, 2008. We’ve been following INFS because it is a deeply undervalued asset situation with [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=586&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2009/01/07/nery-capital-ups-stake-in-infs/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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		<title>List of activist investments for December</title>
		<link>http://greenbackd.com/2009/01/07/list-of-activist-investments-for-december/</link>
		<comments>http://greenbackd.com/2009/01/07/list-of-activist-investments-for-december/#comments</comments>
		<pubDate>Wed, 07 Jan 2009 05:39:33 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[Avigen (NASDAQ:AVGN)]]></category>
		<category><![CDATA[Biotechnology Value Fund]]></category>
		<category><![CDATA[InFocus Corporation (NASDAQ:INFS)]]></category>
		<category><![CDATA[Kona Grill Inc (NASDAQ:KONA)]]></category>
		<category><![CDATA[MathStar Inc (OTC:MATH)]]></category>
		<category><![CDATA[Mill Road Capital]]></category>
		<category><![CDATA[Nery Capital Partners]]></category>
		<category><![CDATA[Salvatore Muoio]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Avigen Inc (NASDAQ:AVGN)]]></category>
		<category><![CDATA[S. Muoio & Co]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=589</guid>
		<description><![CDATA[The Official Activist Investing Blog has published its list of activist investments for December (the investments with links are to our latest update at the time of this post): Ticker Company Name Activist Investor ACLS Axcelis Technologies Inc Sterling Capital AEPI AEP Industries KSA Capital ARS Arris Group Shamrock Activist Value fund ATML Atmel Corp. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=589&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<item>
		<title>Welcome back for 2009 and update on Greenbackd Portfolio holdings</title>
		<link>http://greenbackd.com/2009/01/05/welcome-back-for-2009-and-update-on-greenbackd-portfolio-holdings/</link>
		<comments>http://greenbackd.com/2009/01/05/welcome-back-for-2009-and-update-on-greenbackd-portfolio-holdings/#comments</comments>
		<pubDate>Mon, 05 Jan 2009 05:40:41 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Autobytel (NASDAQ:ABTL)]]></category>
		<category><![CDATA[Avigen (NASDAQ:AVGN)]]></category>
		<category><![CDATA[Barnwell Industries (AMEX:BRN)]]></category>
		<category><![CDATA[Borders Group (NYSE:BGP)]]></category>
		<category><![CDATA[Chromcraft Revington (AMEX:CRC)]]></category>
		<category><![CDATA[Greenbackd]]></category>
		<category><![CDATA[Greenbackd Portfolio]]></category>
		<category><![CDATA[InFocus Corporation (NASDAQ:INFS)]]></category>
		<category><![CDATA[Kona Grill Inc (NASDAQ:KONA)]]></category>
		<category><![CDATA[MathStar Inc (OTC:MATH)]]></category>
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		<guid isPermaLink="false">http://greenbackd.com/?p=512</guid>
		<description><![CDATA[Welcome back to Greenbackd and happy new year for 2009. We hope that you had a good break. There have been a number of positive developments in the companies we discussed last year. Set out below is an update on those positions we had open in the Greenbackd Portfolio at the close of 2008: Trilogy [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=512&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>INFS fending off &#8220;New York sharks&#8221;</title>
		<link>http://greenbackd.com/2008/12/22/infs-fending-off-new-york-sharks/</link>
		<comments>http://greenbackd.com/2008/12/22/infs-fending-off-new-york-sharks/#comments</comments>
		<pubDate>Mon, 22 Dec 2008 05:08:47 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[InFocus Corporation (NASDAQ:INFS)]]></category>
		<category><![CDATA[Lloyd I. Miller III]]></category>
		<category><![CDATA[Nery Capital Partners]]></category>
		<category><![CDATA[Lloyd Miller]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=423</guid>
		<description><![CDATA[According to the Portland Business Journal, a group of &#8220;high-powered executives&#8221; plan to save InFocus Corporation (NASDAQ:INFS) from &#8220;New York sharks&#8221; who want to liquidate the company for a quick profit. The group, which includes Steve Hix, INFS&#8217;s co-founder, wants to buy the company if they can get financing. The group says its strategy, which [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=423&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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		<title>INFS conference call discusses auction progress</title>
		<link>http://greenbackd.com/2008/12/17/infs-conference-call-discusses-auction-progress/</link>
		<comments>http://greenbackd.com/2008/12/17/infs-conference-call-discusses-auction-progress/#comments</comments>
		<pubDate>Wed, 17 Dec 2008 05:57:22 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[InFocus Corporation (NASDAQ:INFS)]]></category>
		<category><![CDATA[Lloyd I. Miller III]]></category>
		<category><![CDATA[Nery Capital Partners]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Lloyd Miller]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=374</guid>
		<description><![CDATA[InFocus Corporation (NASDAQ:INFS) held a conference call yesterday to discuss the progress of its auction. We&#8217;ve previously posted about INFS here, here and here, writing that it is a deeply undervalued asset situation with two activist investors, Nery Capital Partners and Lloyd I. Miller, III, pushing the company to “consider the views expressed by its [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=374&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://greenbackd.com/2008/12/17/infs-conference-call-discusses-auction-progress/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">greenbackd</media:title>
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		<title>InFocus Corporation (NASDAQ:INFS) Restructuring</title>
		<link>http://greenbackd.com/2008/12/15/infocus-corporation-nasdaqinfs-update/</link>
		<comments>http://greenbackd.com/2008/12/15/infocus-corporation-nasdaqinfs-update/#comments</comments>
		<pubDate>Tue, 16 Dec 2008 00:06:51 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[Activist Investors]]></category>
		<category><![CDATA[InFocus Corporation (NASDAQ:INFS)]]></category>
		<category><![CDATA[Lloyd I. Miller III]]></category>
		<category><![CDATA[Nery Capital Partners]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[Lloyd Miller]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=336</guid>
		<description><![CDATA[We&#8217;ve recently posted about INFS&#8217;s value proposition here (it&#8217;s deeply undervalued) and the effect of a big buy back on the per share value of the company here (it&#8217;s hugely positive). The company today announced plans to restructure and reduce its global workforce by approximately 30%, commencing in January 2009 and spanning a twelve month [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=336&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Catalysts: Share buy-backs</title>
		<link>http://greenbackd.com/2008/12/15/catalysts-share-buy-backs/</link>
		<comments>http://greenbackd.com/2008/12/15/catalysts-share-buy-backs/#comments</comments>
		<pubDate>Mon, 15 Dec 2008 05:53:24 +0000</pubDate>
		<dc:creator>greenbackd</dc:creator>
				<category><![CDATA[About]]></category>
		<category><![CDATA[Catalysts]]></category>
		<category><![CDATA[InFocus Corporation (NASDAQ:INFS)]]></category>
		<category><![CDATA[Liquidation Value]]></category>
		<category><![CDATA[Net Net Stocks]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Activist investment]]></category>
		<category><![CDATA[Liquidating Value]]></category>
		<category><![CDATA[Net Current Asset Value]]></category>
		<category><![CDATA[Share buy-back]]></category>

		<guid isPermaLink="false">http://greenbackd.com/?p=324</guid>
		<description><![CDATA[A stock buy-back is a great way for a deeply undervalued company to quickly increase its per share value. After identifying an undervalued asset situation, we look through the company&#8217;s filings to see if it has any existing plans authorizing it to buy-back its stock. On the rare occasions when we do locate such plans, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=greenbackd.com&amp;blog=5581605&amp;post=324&amp;subd=greenbackd&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>3</slash:comments>
	
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