AOL, Mitek, Nike, Stein Mart, Printex: Intellectual Property

AOL Inc. investor Starboard Value LP said the sale of patents to Microsoft Corp. doesn’t go far enough in solving the Internet company’s problems, urging it to find new ways to extract value from its advertising business.

Starboard asked AOL to return more cash to shareholders and reiterated plans to nominate candidates for AOL’s board, according to a letter from the investor to New York-based AOL today. Starboard first announced its plan to nominate five directors in February.