BEA Systems

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Oracle Stock Dives 8% on Flagging Q3 Revenue

Despite a 30% jump in profits, investors worry the software maker is vulnerable

(Newser) - 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... More »

Economic Worries Propel Silicon Valley Deals

Oracle and Sun Microsystems may be only tip of the iceberg

(Newser) - 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... More »

Oracle Wins BEA With Sweetened $8.5B Bid

Deal for business software maker closes after Ellison bumps price

(Newser) - 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,... More »

Hewlett-Packard Nixes BEA Buy

ITer says it's best to remain neutral between software companies

(Newser) - “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... More »

BEA Posts 59% Jump in Profit

Company hopes better-than-expected Q3 will draw higher bids than Oracle's

(Newser) - 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... More »

Oracle Sees No BEA in Its Future

$6.7B offer rebuffed, Ellison says he'd offer less for BEA second time around

(Newser) - 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... More »

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

Firm now faces internal and external pressure to lower its price

(Newser) - 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... More »

Oracle Drops $6.7B Offer for BEA Buyout

Software giant says renewal not impossible, but highly unlikely

(Newser) - 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... More »

BEA Says It’s Worth $8.2B

Back-and-forth with Oracle continues; latter originally offered $6.7B for buyout

(Newser) - 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.... More »

Antsy Oracle Sets BEA Takeover Deadline

Software giant demands action on offer

(Newser) - 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,... More »

Software Titan Oracle Eyes Another Conquest

It makes $6.7B offer for BEA, but Icahn and execs reject it as too low

(Newser) - 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... More »

Tech, Retail Sales Spark Rally

S&P has risen five straight weeks

(Newser) - 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... More »

12 Stories