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      "text": "Such Improvements Could Add ~10% to Operating Margins. A More Efficient Company Should Also Command a Higher Valuation Multiple",
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      "text": "Preliminary areas of improvement include: Professional Services, Sales & Marketing, R&D, G&A",
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      "text": "Elliott has conducted extensive research on BMC's peers and concluded that BMC can achieve meaningful operating margin expansion through operational improvements: Resulting in improved returns for BMC stockholders",
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      "text": "Source: Capital IQ, Company Filings. LTM 03/31/12 operating margin based on non-GAAP operating income...",
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