Browse by Tags

• BEA to Oracle: Take your $17 a share and stuff it

  Posted Oct 12 2007, 04:12 PM by Kim Peterson
  Filed under: Oracle, BEA Systems

  BEA Systems responded to Oracle's buyout offer with a letter from BEA vice president William Klein. Let's take a look with a round of "translate the executive speak." Cue the music, Sid!

  Klein: "BEA is worth substantially more to Oracle, to others and, importantly, to our shareholders than the price indicated."

  Translation: What do you think this is, Dollar Days at Filene's Basement?   Read More...

  Discuss (no comments) 516 Views Digg this | Email this | Link to this

• Oracle goes after BEA

  Posted Oct 12 2007, 08:34 AM by Kim Peterson
  Filed under: Oracle, BEA Systems
  Rating:

  

  Oracle has been killing software maker BEA Systems this year. And BEA has taken a beating in the market, disappointing analysts with earnings and losing key deals. Then you have activist investor Carl Icahn lurking in the background, upping his stake in BEA to 13.2% and calling for the company to be sold. Even TNT doesn't have drama like this!
  

  Oracle has wanted BEA for years, and now it's made an offer on the company for a sweet price: $17 a share, or $6.7 billion. That's a 25% premium over BEA's closing price yesterday. BEA shares have been as low as $10.50 in the past year and are trading at about $18.60 on today's news. That's up nearly 40% from yesterday.
  

  BEA has been awfully quiet today, and with good reason. Once Oracle chief Larry Ellison sets his sights on you, you're screwed. Remember the 18-month ordeal that was Oracle's hostile takeover bid for PeopleSoft? Ellison eventually got the company.   Read More...

  Discuss ( 3 comments) 7,904 Views Digg this | Email this | Link to this