You don't have to be 8% shareholder to be completely frustrated with this companies lack of performance. The board is completely oblivious; the covering analysts throw softballs during calls and fall for the same old "we are ramping up our salesforce" etc. etc. Perhaps pressure like this will put some urgency in management to start cleaning house. If this company is bought out, it will certainly be the end of CPWR as it is known now. If nothing else it is nice to know that someone really is watching out for shareholder value, even if it is hedge fund sharks.
When I hear things like cutting $60 million "general and administrative" and non-core expenses it makes me wonder how poorly something must be run to let there be $60 million to cut in the first place.