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Oracle's Buying Spree

"Programming today is a race between software engineers striving to build bigger and better idiot-proof programs, and the Universe trying to produce bigger and better idiots. So far, the Universe is winning." -Rick Cook

Business software titan Oracle continued its yearlong buying spree, closing a contentious deal with BEA Systems. The deal is expected to increase Oracle's business momentum, but some users from both camps have turned a wary eye to the agreement.

Stories

10 Stories

  • January 2008

    • After BEA, Analyst Predicts More Oracle Acquisitions

      Philippine Daily Inquirer  |  Jan 19, 08

      MANILA, Philippines -- While the acquisition of BEA Systems shows positive signs for customers, one analyst believes Oracle isn't done yet with its buying spree.

    • Economic Worries Propel Silicon Valley Deals

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

      Economic Worries Propel Silicon Valley Deals

      (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 invest in building web-based software and services—a still-growing sector. More »

    • Ahead of the Bell: Oracle's BEA Buyout

      Associated Press  |  Jan 17, 08

      NEW YORK -Oracle Corp.'s $7.85 billion buyout of BEA Systems should help the software maker grow its business momentum and increase the size of future contracts, an Oppenheimer & Co. analyst said Thursday.

    • Oracle Wins BEA With Sweetened $8.5B Bid

      Bloomberg  |  Jan 16, 08 7:51 AM CST

      Oracle Wins BEA With Sweetened $8.5B Bid

      (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, one of the Silicon Valley's last midsize independents, demanded what Oracle termed an "impossibly high" $21. More »

    • pBEA, Oracle Users Fear Price Hikes, Dumping of Products

      ComputerWorld  |  Jan 16, 08

      Users of technology from both companies today expressed concern about Oracle Corp.'s $8.5 billion agreement to buy BEA Systems Inc. and to fold in the latter's middleware to the Oracle software stack. The BEA board of director's vote to approve the sale for $19.375 per share came just three months after it spurned Oracle's $6.7 billion offer in October to buy the software vendor.

  • November 2007

    • Oracle Sees No BEA in Its Future

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

      Oracle Sees No BEA in Its Future

      (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 think they're doing a good job,” CEO Larry Ellison said. More »

  • October 2007

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

      Wall Street Journal  |  Oct 31, 07 11:10 AM CDT

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

      (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 declines - and Ellison plans to unload another 76 million shares in coming months. More »

    • Oracle Drops $6.7B Offer for BEA Buyout

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

      Oracle Drops $6.7B Offer for BEA Buyout

      (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 possibility, either, if shareholders were to force the company's hand, the Financial Times writes. More »

    • Antsy Oracle Sets BEA Takeover Deadline

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

      Antsy Oracle Sets BEA Takeover Deadline

      (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, and now Oracle has issued an ultimatum: sign by Sunday or the deal is off, reports the Wall Street Journal. More »

    • Software Titan Oracle Eyes Another Conquest

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

      Software Titan Oracle Eyes Another Conquest

      (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 reports. Analysts expect Oracle to raise its offer and get BEA. More »

10 Stories

In this photo released by the MidSouth Airshow, aerobatic air show pilot Sean D. Tucker flies his Oracle Challenger above the Mississippi River as a cargo barge passes below Thursday, Sept. 20, 2007,...   (Associated Press)
An exterior view of Oracle headquarters is seen in Redwood City, Calif., Wednesday, Sept. 19, 2007.   (Associated Press)
An exterior view of Oracle headquarters is seen in Redwood City, Calif., Wednesday, Sept. 19, 2007. Oracle Corp. is expected to release quarterly earnings on Thursday, Sept. 20, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
Oracle CEO Larry Ellison smiles during the Oracle Open World conference in San Francisco, in this Oct. 25, 2006, file photo. (AP Photo/Paul Sakuma, file)   (Associated Press)
Hasan Rizvi, vice president of identity management and security products at Oracle Corporation gives a conference on 'Security in the Information Age' at the RSA Conference 2007 in San Francisco 07 February...   (Getty Images)
Oracle CEO Larry Ellison, left, shakes hands with musician Billy Joel, right, before Ellison spoke at Oracle World Conference in San Francisco, Wednesday, Nov. 14, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
Oracle Corp. CEO Larry Ellison, right, and President and CFO Safra Catz, smile during Oracle Open World conference in San Francisco, Wednesday, Nov. 14, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
Oracle CEO Larry Ellison speaks at the Oracle World Conference in San Francisco, Wednesday, Nov. 14, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
An exterior view of Bea Systems headquarters in San Jose, Calif. is seen Monday, Oct. 15, 2007.   (Associated Press)
Oracle CEO Larry Ellison crosses his fingers as he speaks at Oracle World Conference in San Francisco, Wednesday, Nov. 14, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
Oracle signs are shown at the National Retail Federation convention on Tuesday, January 15, 2008 in New York. Oracle Corp. said Wednesday it agreed to buy BEA Systems Inc. for about $7.85 billion, a...   (Associated Press)
Oracle Corp. CEO Larry Ellison, right, and President and CFO Safra Catz, smile during Oracle Open World conference in San Francisco, Wednesday, Nov. 14, 2007.   (Associated Press)
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