Keep watching.23 Feb 2009 16:06
Watch!!!! One of the companies most popular with small investors during the dot-com boom is fighting a break-up bid from a group of corporate raiders.
Emblaze, the Israel-based software and IT investment company that, under the name Geo Interactive Media, saw its stock market value multiply tenfold between June 1998 and January 2000, has been targeted by Eitan Eldar and Roy Gill, two of the country's best-known activist investors. The pair are not thought to own any shares in the business — which still boasts more than 1,000 British retail investors on its shareholder list — but they are in a powerful position: they are understood to have signed an agreement to buy the 17 per cent stake in Emblaze owned by Eli Reifman, the company's founder, who is reported to be in financial difficulties.