BEA Systems (BEAS) - Undiscovered Growth Stock Message Board

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

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To: MDD who wrote (484)	6/5/1998 6:31:00 PM
From: Saulamanca	Read Replies (2) of 2477

BEA plans $150-million offer, source By Brenon Daly, CBS MarketWatch Index of top news Fri Jun 05 18:14:37 1998 BEA Systems will offer $150 million worth of bonds in the coming, a large investor in the middleware company told CBS MarketWatch.com. Goldman Sachs, BancAmerica Robertson Stephens, BT Alex. Brown -- which also brought the company public and handled a follow-on deal last year -- are working the debt offering, the source added. A company spokeswoman declined to comment on the rumor, but said company (BEAS) executives were meeting on Friday with investors. The meeting was the reason behind the 9.5 percent gain in BEA shares, which were about three times more active than usual on Friday. The stock closed up 1 15/16 at 22 3/8. "It's not uncommon for a company with a good story to tell to generate pretty good interest when they meet a new audience," the source said. Last year's offerings raised more than $130 million for the Sunnyvale, Calif.-based company, which makes software that allows different kinds of software "talk" to one another. Two weeks ago, the company bought TOP END for an undisclosed amount from NCR Corp. (NCR). At the time, BEA noted that although the company "has the cash required to complete the TOP END acquisition, it intends to pursue additional financing through the capital markets."

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