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July 24, 2008 1:31:10 PM CDT

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Stories related to: BEA Systems

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12 Stories

  • March 2008

    • Oracle Stock Dives 8% on Flagging Q3 Revenue

      newser  |  Wall Street Journal  |  Mar 27, 08 7:45 AM CDT

      Oracle Stock Dives 8% on Flagging Q3 Revenue

      Oracle missed its third-quarter revenue projections yesterday and investor reaction was swift and dramatic: shares of the software maker dropped 8% in after-hours trading, reports the Wall Street Journal . This despite the fact that Oracle’s profits rose 30% to $1.34 billion, 26 cents per share, from $1.03 billion, 20 cents per share a year ago. Revenue rose 21% to $5.35 billion, short of analysts’ $5.42 billion expectations. More »

      Tags

      Goldman Sachs  • corporate earnings  • IBM  • Oracle  • BEA Systems  • Cisco Systems

  • January 2008

    • Economic Worries Propel Silicon Valley Deals

      newser  |  Wall Street Journal  |  Jan 17, 08 12:59 PM CST

      Economic Worries Propel Silicon Valley Deals

      Recent acquisitions by Sun Microsystems and Oracle could be the opening round of new Silicon Valley deal-making, the Wall Street Journal reports, as tech companies worried about a US economic slowdown seek to strengthen their positions. Smaller companies struggling to stay afloat are tempting targets; bigger fish also want to invest in building web-based software and services—a still-growing sector. More »

      Tags

      mergers and acquisitions  • acquisitions  • Silicon Valley  • IBM  • Oracle  • BEA Systems  • Sun Microsystems  • MySQL

    • Oracle Wins BEA With Sweetened $8.5B Bid

      newser  |  Bloomberg  |  Jan 16, 08 7:51 AM CST

      Oracle Wins BEA With Sweetened $8.5B Bid

      Business software maker Oracle continued its yearlong buying spree, closing a contentious deal with middleware maker BEA Systems after raising its offer to $8.5 billion, or $19.38 a share, Bloomberg reports. In October, Oracle offered BEA $6.7 billion, or $17 per share, and was rejected. Instead BEA, one of the Silicon Valley's last midsize independents, demanded what Oracle termed an "impossibly high" $21. More »

      Tags

      Nasdaq  • acquisitions  • Silicon Valley  • software  • Oracle  • BEA Systems  • Larry Ellison  • middleware

  • November 2007

    • Hewlett-Packard Nixes BEA Buy

      newser  |  Reuters  |  Nov 21, 07 12:48 PM CST

      Hewlett-Packard Nixes BEA Buy

      “We are the Switzerland of these heterogenous environments,” a Hewlett-Packard exec said by way of explaining why his company is not interested in acquiring BEA, after BEA rejected an offer from Oracle as too low. HP is a partner of BEA’s, the company's software chief said, but HP has similar relationships with BEA rivals. More »

      Tags

      mergers and acquisitions  • Switzerland  • Oracle  • Hewlett Packard  • BEA Systems

    • BEA Posts 59% Jump in Profit

      newser  |  San Jose Mercury News  |  Nov 16, 07 8:14 AM CST

      BEA Posts 59% Jump in Profit

      BEA Systems reported earnings up 59% in the third quarter yesterday, in the first audited quarterly statements released in over a year. The San Jose-based company's financials have been held up by a reporting dispute with the SEC. BEA hopes the higher-than-expected results will boost its case that the company is worth more than the Oracle bid of $17 a share it rejected, the San Jose Mercury News reports. More »

      Tags

      SEC  • Oracle  • stock  • BEA Systems

    • Oracle Sees No BEA in Its Future

      newser  |  San Jose Mercury News  |  Nov 15, 07 7:03 AM CST

      Oracle Sees No BEA in Its Future

      Oracle’s $25-billion, three-year shopping spree won’t include rival BEA Systems, at least not at the $17 a share it offered last month, reports the San Jose Mercury News . BEA spurned the nearly $6.7-billion bid, demanding $21 a share. “If their goal was to stay independent, I think they're doing a good job,” CEO Larry Ellison said. More »

      Tags

      buyout  • Oracle  • BEA Systems  • business tech

  • October 2007

    • Icahn: BEA Will Sell, or I Will Oust the Board

      newser  |  Associated Press  |  Oct 30, 07 12:05 AM CDT

      Icahn: BEA Will Sell, or I Will Oust the Board

      Having held out on a time-sensitive $6.7 billion offer from Oracle, BEA Systems management now faces a charge to oust them by billionaire shareholder Carl Icahn, who wields a massive 13.2% stake in the company, the AP reports. BEA says it will not entertain any offer that values it at less than $21 per share -- Oracle offered $17 per share — but to appease Icahn it hinted at other possible buyers. More »

      Tags

      Carl Icahn  • Oracle  • BEA Systems

    • Oracle Drops $6.7B Offer for BEA Buyout

      newser  |  Financial Times (UK)  |  Oct 28, 07 11:51 PM CDT

      Oracle Drops $6.7B Offer for BEA Buyout

      Software mogul Oracle made good today on its threat to drop a $6.7 billion offer to buy BEA systems, after the latter failed to meet the October 28 deadline. Oracle said BEA shareholders should "not assume" it will renew the offer, though it did not rule out the possibility, either, if shareholders were to force the company's hand, the Financial Times writes. More »

      Tags

      mergers and acquisitions  • Carl Icahn  • Oracle  • BEA Systems

    • BEA Says It’s Worth $8.2B

      newser  |  Wall Street Journal  |  Oct 25, 07 3:07 PM CDT

      BEA Says It’s Worth $8.2B

      The board of BEA Systems responded to a time-sensitive takeover offer from Oracle today, valuing itself at $8.2 billion—fully $1.5 billion more than the database giant's bid. Oracle’s $17-a-share offer, now two weeks old, will expire on Sunday evening if BEA doesn’t act on it. But the fiercely independent middleware company says a sale at that figure simply isn’t in its “best interests,” the Journal reports. More »

      Tags

      mergers and acquisitions  • software  • Carl Icahn  • Oracle  • BEA Systems  • middleware

    • Antsy Oracle Sets BEA Takeover Deadline

      newser  |  Wall Street Journal  |  Oct 24, 07 5:04 AM CDT

      Antsy Oracle Sets BEA Takeover Deadline

      Software giant Oracle is growing impatient as it attempts to take over BEA Systems, a smaller and fiercely independent tech organization. Oracle offered on Oct. 9 to buy BEA for $6.7 billion, or $17 a share, which BEA considers too low. But the company hasn't  formally rejected the offer, and now Oracle has issued an ultimatum: sign by Sunday or the deal is off, reports the Wall Street Journal. More »

      Tags

      mergers and acquisitions  • Oracle  • BEA Systems

    • Software Titan Oracle Eyes Another Conquest

      newser  |  New York Times  |  Oct 13, 07 1:03 PM CDT

      Software Titan Oracle Eyes Another Conquest

      Software maker BEA Systems is under pressure from shareholder Carl Icahn to sell, but executives say this week’s $6.7 billion offer by Oracle is too low. Icahn agreed the unsolicited bid wasn’t good enough but said he was pleased an offer was made, the New York Times reports. Analysts expect Oracle to raise its offer and get BEA. More »

      Tags

      software  • Carl Icahn  • Oracle  • takeover  • BEA Systems  • middleware

    • Tech, Retail Sales Spark Rally

      newser  |  CNN  |  Oct 12, 07 3:50 PM CDT

      Tech, Retail Sales Spark Rally

      Surging tech stocks and positive economic news that eased recession fears helped fuel the first market rally in three days today, with the S&P 500 capping its fifth straight week of gains to close at 1,561.80, up 7.39. The Dow added 77.96 to close at 14,093.08, and the Nasdaq climbed a whopping 33.48, or 1.21%, to wrap up at 2,805.68. More »

      Tags

      stock market  • S&P 500  • Nasdaq  • Dow Jones Industrial Average  • retail sales  • McDonald's  • BEA Systems

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