X0202 4 2007-12-31 0 0001104017 I MANY INC IMNY 0001050154 RAMIUS CAPITAL GROUP LLC 666 THIRD AVENUE, 26TH FLOOR NEW YORK CITY NY 10017 0 0 1 0 0001329983 Parche, LLC 666 THIRD AVENUE NEW YORK CITY NY 10017 0 0 1 0 0001329989 RCG STARBOARD ADVISORS, LLC 666 THIRD AVENUE NEW YORK CITY NY 10017 0 0 1 0 0001373638 Starboard Value & Opportunity Master Fund Ltd C/O CITCO FUND SERVICES LTD WEST BAY RD 0 0 1 0 0001422640 Portside Growth & Opportunity Fund C/O CITCO FUND SERVICES LTD WEST BAY RD 0 0 1 0 Senior Convertible Note 3.8192 2007-12-31 4 P 0 469842 460840.0000 A 2007-12-31 2012-12-31 Common Stock, $.0001 par value 123021 123021 I By Parche LLC Senior Convertible Note 3.8192 2007-12-31 4 P 0 2936503 2963500.0000 A 2007-12-31 2012-12-31 Common Stock, $.0001 par value 768879 768879 I By Portside Senior Convertible Note 3.8192 2007-12-31 4 P 0 2466661 2466660.0000 A 2007-12-31 2012-12-31 Common Stock, $.0001 par value 645858 645858 I By Starboard Master Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Shares. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transaction being filed with the Securities and Exchange Commission. Parche, LLC (Parche) purchased a $469,840 senior convertible note due December 31, 2012, which is convertible into 123,021 Shares of the Issuer within 60 days of the date hereof at a conversion price of $3.8192 per Share (subject to adjustment). As the sole non-managing member of Parche and owner of all economic interests therein, RCG Enterprise, Ltd (RCG Enterprise) may be deemed to beneficially own the Shares beneficially owned by Parche. As the managing member of Parche, RCG Starboard Advisors, LLC (RCG Starboard Advisors) may be deemed to beneficially own the Shares beneficially owned by Parche. As the sole member of RCG Starboard Advisors, Ramius Capital Group, L.L.C. (Ramius) may be deemed to beneficially own the Shares beneficially owned by Parche. Each of RCG Enterprise, RCG Starboard Advisors and Ramius disclaims beneficial ownership of such Shares except to the extent of their pecuniary interest therein. Portside Growth and Opportunity Fund (Portside) purchased a $2,963,500 senior convertible note due December 31, 2012, which is convertible into 768,879 Shares of the Issuer within 60 days of the date hereof at a conversion price of $3.8192 per Share (subject to adjustment). As the investment advisor of Portside, Ramius may be deemed to beneficially own the Shares beneficially owned by Portside. Ramius disclaims beneficial ownership of such Shares except to the extent of its pecuniary interest therein. Starboard Value and Opportunity Master Fund, Ltd. (Starboard) purchased a $2,466,660 senior convertible note due December 31, 2012, which is convertible into 645,858 Shares of the Issuer within 60 days of the date hereof at a conversion price of $3.8192 per share (subject to adjustment). As the investment manager of Starboard, RCG Starboard Advisors may be deemed to beneficially own the Shares owned by Starboard. As the sole member of RCG Starboard Advisors, Ramius may be deemed to beneficially own the Shares owned by Starboard. Each of RCG Starboard Advisors and Ramius disclaims beneficial ownership of such Shares except to the extent of their pecuniary interest therein. By: Ramius Capital Group, L.L.C.; By: /s/ Owen S. Littman, Authorized Signatory 2008-01-03 By: Parche, LLC; By: /s/ Owen S. Littman, Authorized Signatory 2008-01-03 By: RCG Starboard Advisors, LLC; By: /s/ Owen S. Littman, Authorized Signatory 2008-01-03 By: Starboard Value and Opportunity Master; By: /s/ Owen S. Littman, Authorized Signatory 2008-01-03 By: Portside Growth and Opportunity Fund; By: /s/ Owen S. Littman, Authorized Signatory 2008-01-03