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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock

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To: Stock Puppy who wrote (2464)1/16/2008 8:41:39 PM
From: sandintoes   of 2477
 
BEAS has been offered $19.38 a share by Oracle so that might be a reason.


Will Silicon Valley Deals Kick Into Overdrive? </B.
By Vauhini Vara, Christopher Lawton and Don Clark

Companies Featured in This Article: Oracle, Sun Microsystems, BEA Systems, Google, International Business Machines, Yahoo, Citrix Systems

Acquisitions by Silicon Valley software giants Oracle Corp. and Sun Microsystems Inc. suggested a slowing economy and other forces could kick a recent wave of high-tech deals into higher gear.

Oracle succeeded yesterday in forging an $8.5 billion deal to acquire rival BEA Systems Inc., a maker of programs known as middleware that had resisted an unsolicited bid from Oracle in October. The $19.38-per-share price is about 14% higher than Oracle originally offered, but below the $21 figure that BEA sought. Investor Carl Icahn says he urged Oracle to raise its bid and then lobbied BEA to take the sweetened ...</B.

online.wsj.com
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