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NEWS ABOUT: Carl Icahn

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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 »

Motorola CEO Silences Critics (For Now)

Zander exhales as company reports third-quarter profit

(Newser) - Motorola CEO Ed Zander may have won at least a temporary reprieve from some of the harsh criticism he's endured in recent months, as the largest US maker of mobile phones reported a third-quarter profit today. Evading a straight-up loss through aggressive cost-cutting, Motorola earnings were down 94%, but it... 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 »

Bundling Hits Its Stride

Donation gathering accounts for ¼ of money, is ‘chief source’ of campaign abuse

(Newser) - Bundlers have become the stars of 2008 campaign fundraising, the accounting for one-quarter of all money raised in the presidential race—up from 8% in 2000. Donors sought new inroads when soft money was restricted, and the gathering of donations has become “the chief source of abuse,” says... 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 »

Motorola Chief Walks On Razr’s Edge

Second straight quarterly loss fans firing flames for Zander

(Newser) - Motorola posted its second consecutive quarterly loss yesterday, amplifying calls for the ouster of CEO Ed Zander. Despite the popularity of the Razr handset, the company has likely ceded its second-place position in the cellphone wars to Samsung, and now analysts are doubting it'll turn a profit this year. More »

Motorola's Razr Cuts Both Ways

Slumping cellphone maker learns a lesson about putting all its eggs in one basket

(Newser) - Riding high on the success of its sleek Razr cellphone, Motorola got cocky and didn't come up with a suitable successor, the Wall Street Journal reports, and the misstep cost the company big bucks. While Motorola struggled to keep up with emerging technology and wrestled with management upheaval, competitors moved... More »

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