VIEX Capital Shows New 5.5% Stake in Seachange (SEAC) - 13D

September 12, 2016 9:00 AM EDT
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In a 13D filing on Seachange International, Inc. (NASDAQ: SEAC), VIEX Capital disclosed a 5.5%, or 1,920,000 share, stake in the company.

Item 4. Purpose of Transaction.
The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

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