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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock -- Ignore unavailable to you. Want to Upgrade?


To: euro who wrote (1289)8/10/2000 1:16:51 PM
From: Zelix  Read Replies (2) | Respond to of 2477
 
Chase signs Enterprise license agreement with BEA

beasys.com

>> notable points are..
Caiazzo noted that Chase also had a requirement for a solid, standards-based distributed component architecture, specifically Enterprise Java Beans (EJB) and the Common Object Request Broker Architecture (CORBA). Later this year, Chase will implement BEA WebLogic Enterprise, which additionally supports CORBA. This implementation will enable Chase to tie together an even greater variety of services based on diverse applications.
>>

This is great news. Chase is a very large financial organization and this decision should influence others to follow.

As you can clearly see here, Chase buys WebLogic Server now and will naturally migrate to WebLogic Enterprise. In the Enterprise Middleware field, no other product goes beyond WLE. Secondly, similar to CICS, once a corporation uses WLS/WLE for their enterprise apps, BEAS will be deeply embedded for the next 10-20 years.

After a good earnings announcement on Aug 15th (going by BEAS tradition, they will beat estimates but not the whisper numbers, they do not want sudden jumps), BEAS should touch $75-$80, followed by a split.
More of these enterprise deals follow, .. BEAS crosses $100.
Why not? It is one of the very few e-commerce companies to make $500+ mil revenues, and fast rising.

- Zelix