Well folks, looks like it turns out for BEA, it wasn't exactly the results I wanted. Carl Icahn didn't exactly gain control and chop the company up into little pieces to drive up the stock price.
On the other hand, oracle announced today that it wanted to buy BEA at $17.
I'm selling in the pre-trading session, like NOW!.
32% in two weeks, not bad i guess.
I think there will be other software company consolidation this year. There are too many independents flying around. Again, bad for employees, opportunities for speculators.
I find it also ironic that while some think Larry E. (Oracle CEO) is the devil in disguise (especially his famous quote claiming the difference between God and Larry is that God doesn't run Oracle), oracle's offer is …. yup $6.66 billion
Carl Icahn, however, get's to pocket $200+ million from the flip. I'm soooo jealous.
Hey Carl, you got what you wanted out of BEA, would you now go work on Motorola, which you also have a stake in????
