Oracle

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BEA Posts 59% Jump in Profit
BEA Posts 59% Jump in Profit
Nov 16, 2007 8:14 AM CST

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...

Oracle Sees No BEA in Its Future
Oracle Sees No BEA in Its Future
Nov 15, 2007 7:03 AM CST

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...

IBM to Buy Canada's Cognos for $5B
IBM to Buy Canada's Cognos for $5B
Nov 12, 2007 12:19 PM CST

IBM to Buy Canada's Cognos for $5B

Company's software products model business decisions

(Newser) - IBM will buy Cognos for $5 billion, the latest in a rash of “business intelligence” software acquisitions. The move could help IBM keep up with SAP AG and Oracle, each of which recently teamed with similar companies, the AP reports. The purchase price is a 9% premium over Cognos’...

Oracle CEO Sells Off $500M, With More To Come

But investors aren't worried as Ellison liquidates 26 million shares

(Newser) - The CEO of Oracle sold off half a billion dollars of stock, but analysts contend that the liquidation shouldn't worry investors. Markets noticed when Larry Ellison sold 26 million shares of the software company he founded in 1977. But the Wall Street Journal writes that past sell-offs haven't triggered broad...

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...

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...

BEA Says It&rsquo;s Worth $8.2B
BEA Says It’s Worth $8.2B
Oct 25, 2007 3:07 PM CDT

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....

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,...

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...

Markets Wrap Up Banner Week
Markets Wrap Up Banner Week
Sep 21, 2007 3:37 PM CDT

Markets Wrap Up Banner Week

Best week in 6 months

(Newser) - Stocks climbed again today, closing out the biggest weekly gain since March. The Dow rose 53.49 to 13,820.19, the Nasdaq climbed 16.93 to 2,671.22, and the S&P 500 closed at 1,525.75, up 7.00. The Dow and S&P rose 2....

With IPO, Ellison Walks $500M Tightrope

NetSuite offering reveals Oracle chief's major stake in rival

(Newser) - It's murky waters ahead for Oracle CEO Larry Ellison, a day after rival NetSuite Inc. revealed in an IPO filing that the outspoken billionaire holds a 74% stake. That puts Ellison, whose Oracle holdings are valued at $24 billion, in a tricky spot: Other shareholders may view the joint investments...

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