Paul Krill
Editor at Large

BEA investor seeks company’s sale

news
Sep 17, 20072 mins

A BEA Systems investor is seeking the sale of the company, according to published reports in the San Jose Mercury News and the International Herald Tribune.

Investor Carl Icahn argues that it is difficult for a standalone company to prosper in the current environment. BEA officials last week in interviews with InfoWorld dismissed speculation about the company being up for sale. Such rumors have come up before, but the company has remained independent.

A BEA representative this morning told InfoWorld the company was not commenting on the matter but referred follow-up questions to another company representative.

In its most recent quarter, which ended July 31, BEA reported total revenues of $364.6 million, up 7 percent in the last year’s second quarter. But license revenues of $123.1 million were down 9 percent from a year ago. Services revenue of $241.5 million represented a 19 percent increase from the same time last year.

Operating cash flow was $61 million.

BEA Systems is slated to move its corporate headquarters to a new building in downtown San Jose next year. The company last week at its BEAWorld San Francisco conference announced a new version of its WebLogic Server application server as well as an applications plan called Project Genesis.

BEA on Friday also announced that due to a delay in filing its Form 10-Q for the second quarter, it has received an Additional Staff Determination letter from the Nasdaq Stock Market stating that the company continues to be out of compliance with filing requirements of a marketplace rule. Because of this problem, BEA’s common stock continues to be subject to delisting. The company previously has had problems of this nature, due to a stock option investigation.

Paul Krill

Paul Krill is editor at large at InfoWorld. Paul has been covering computer technology as a news and feature reporter for more than 35 years, including 30 years at InfoWorld. He has specialized in coverage of software development tools and technologies since the 1990s, and he continues to lead InfoWorld’s news coverage of software development platforms including Java and .NET and programming languages including JavaScript, TypeScript, PHP, Python, Ruby, Rust, and Go. Long trusted as a reporter who prioritizes accuracy, integrity, and the best interests of readers, Paul is sought out by technology companies and industry organizations who want to reach InfoWorld’s audience of software developers and other information technology professionals. Paul has won a “Best Technology News Coverage” award from IDG.

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