Roger, Thanks for the info on why CTXS is up (MSFT buyout rumor). I don't think that even Bill Gates with all his money is going to pay $1.2M for this company's technology.
On another subject. What is your opinion of BEAS? They make middleware. Do you know what middleware is? I don't, but I'm sure all the "investors" piling into this stock do, or else why would they be buying the stock?
What attracted me to it is the ridiculous numbers P/S > 10, losing money, but leasing the biggest headquarters building in San Jose (see below). This is not good, so many up-and-coming companies move into fancy new digs, then collapse.
Oh by the way, MSFT is coming out with it's own middleware package. MSFT NT is apparently BEAS biggest market for this stuff. Another thing, BEAS never developed this software that they are selling, they bought it. Are they going to be able to continue developing it at the speed necessary to compete with MSFT, especially when they didn't develop the SW in the first place?
Not saying I would short it right now, the chart is too strong, but I think it's a good one to watch.
biz.yahoo.com
BEA Signs New Corporate Headquarters Lease in San Jose;
Lease is One of the Year's Largest in Silicon Valley:
SUNNYVALE, Calif., Jan. 22 /PRNewswire/ -- BEA(R) Systems, Inc., (Nasdaq: BEAS - news) today announced that it has signed a new lease for approximately 225,000 square feet of office space in San Jose for its Silicon Valley headquarters to accommodate the company's anticipated growth. BEA currently occupies approximately 61,000 square feet of office space in Sunnyvale. BEA's new corporate headquarters will be located at North First Street and Guadalupe Parkway.
''BEA has grown from three employees at its inception in January 1995 to more than 800 worldwide, with more than 300 people locally,'' said Bill Coleman, chairman and CEO of BEA. ''BEA is experiencing rapid growth, and we wanted to ensure that our new corporate facility would
accommodate our steady growth, as well as provide a pleasing and dynamic working environment for our employees.''
''This new corporate headquarters lease is one of the largest within the past 12 months in terms of square footage for Silicon Valley,'' said Jay Phillips of CD Madison Advisory Services, tenant broker for BEA. |
