bruce.armstrong wrote: Somebody just said it better than I did, and with more chops to say it:
Open Letter to Mark Zuckerberg, Sheryl Sandberg & Facebook Mobile
May. 8, 2012 02:11 PM EDT
|
 |
 |
|
|
|
Comments
Did you read today's front page stories & breaking news?
SYS-CON.TV
|
Java Industry News Oracle-BEA Combination Is a Stronger SOA Alternative to Microsoft and .NET
Ellison sees it as strengthening his position as a strategic software vendor up against IBM, SAP, Sun, Microsoft and open source
By: Maureen O'Gara
Jan. 21, 2008 04:00 PM
 It said this morning that it had reached a compromise price with BEA and that the acquisition would go through after all, having been resisted by BEA, demanded by BEA’s biggest stockholder, the dangerous Carl Icahn, and walked away from by Oracle.Oracle is going to pay $19.375 a share, less than the $21 that BEA wanted but more than the $17 it put on the table back in October. That works out to $8.5 billion, less the $1.3 billion that BEA has in the bank, as Oracle pointed out, for a grand total of $7.2 billion cash to be paid for by a combination of cash on hand and a short-term loan. Oracle has $8.4 billion in the bank so the financing’s no problem.  Its original bid valued BEA at roughly $6.66 billion. The conference call this morning added nothing in the way of back story or color. Oracle would take no questions. BEA CEO and co-founder Alfred Chung said the BEA board – which Icahn accused of rejecting Oracle’s initial offer to entrench itself – “unanimously” decided Oracle’s sweetened deal was the “best way to maximize shareholder value.” BEA looked for alternatives and found none. The sweetener is a significant premium to the $13 or $14 range BEA was trading at when Oracle first entered the scene and a 24% premium to BEA’s closing price yesterday of $15.58. Icahn issued a statement this morning saying, “This transaction is an excellent example of the great results that can be achieved for all constituencies when the shareholder activist is able to work cooperatively with management.” Evidently him and his 13% stake in BEA played a role in persuading BEA to accept less than it wanted. He had threatened a proxy fight. The deal is expected to close by mid-year and Oracle projects that BEA will add one to two cents to its non-GAAP earnings in the first full-year after the close. It is still unclear exactly how BEA will be integrated but Oracle CEO Larry Ellison described it as a “third major sales force.” Ellison declared the deal a “great day for the Java community.” Scale, he said, was critical to middleware and he cast the Oracle-BEA combination as a stronger Java/SOA alternative to Microsoft and .NET. BEA’s widgetry is supposed to “significantly enhance and extend Oracle’s Fusion middleware,” bringing in complementary messaging and transition processing as well as increased vertical business such as BEA’s telco play and deeper penetration in regions like China. Ellison sees it as strengthening his position as a strategic software vendor up against “IBM, SAP, Sun, Microsoft and open source.” Ironically, Oracle’s on-again off-again best friend Sun this morning bought MySQL for $1 billion, positioning Sun as a direct competitor to Oracle’s core database business. Even though MySQL is not the one-for-one Oracle replacement that, say, EnterpriseDB is, it will be the first time an open source database has had the leverage of a major industry player to use as a springboard.
Reader Feedback: Page 1 of 1
Your Feedback
Latest Cloud Developer Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
|
SYS-CON Featured Whitepapers
Most Read This Week
Breaking Cloud Computing News
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
| | | | | | | | |
|
|
|
|
|
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
|
|
| SYS-CON MEDIA: | | | | |
| SYS-CON EVENTS: | | | | | |
| INTERNATIONAL SITES: | | | | | | | | | | |
 |
Terms of Use & Our Privacy Statement  About Newsfeeds / Video Feeds |
| Copyright ©1994-2008 SYS-CON Publications, Inc. All Rights Reserved. All marks are trademarks of SYS-CON Media. |
| Reproduction in whole or in part in any form or medium without express written permission of SYS-CON Publications, Inc. is prohibited. |
.gif)
Navigating the complex web of regulatory and compliance requirements related to the processing and storage of sensitive enterprise data in the cloud is a huge challenge for business. The cloud is borderless – so how do you cover your business risk and security requirements when y...
As a Bronze Sponsor of Cloud Expo New York, HP is offering special passes to SYS-CON's 10th International Cloud Expo, which will take place on June 11–14, 2012, at the Javits Center in New York City, New York.
HP is a technology company that operates in more than 170 countries a...
The latest generation of cloud computing is now capable of addressing the needs of the enterprise mission-critical applications. These applications require computing infrastructure that is secure, optimizes performance, and is highly resilient.
In his Opening Keynote at the 10t...
The convergence of cloud and mobile trends has created demanding new challenges for IT departments to support global users accessing applications from many different devices. In addition, as more mission-critical applications are deployed to the cloud, sensitive data must be prot...
As an exhibitor at Cloud Expo New York, AT&T is offering special passes to SYS-CON's 10th International Cloud Expo, which will take place on June 11–14, 2012, at the Javits Center in New York City, New York.
AT&T Inc. is a premier communications holding company and one of the mo...
