Spat with Oracle brings BEA down 

San Jose-based BEA Systems Inc. (BEAS) finished Friday with its share price down 5.88 percent as the market continued to react to its sniping with Redwood City technology giant Oracle Corp. (ORCL), which is offering to buy it in a hostile takeover. BEA will let Oracle’s bid of $6.7 billion expire because it considers it too low, according to CNNMoney.com.

The markets closed on an upswing overall, with the Dow up .99 percent, the Nasdaq up 1.94 percent, and the S&P 500 up 1.38 percent.

San Jose’s SunPower Corp. (SPWR) was the highest share-price earner among the top 50 Bay Area stocks tracked by The Examiner, earning $117.40 a share, an increase of 9.95 percent.

The most-traded Bay Area stocks for Friday were Sun Microsystems Inc. (JAVA), Yahoo Inc. (YHOO) and Intel Corp. (INTC).

About The Author

Staff Report

Staff Report

Bio:
A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Pin It
Favorite

Speaking of Business

More by Staff Report

Latest in Business & Real Estate

Tuesday, Nov 20, 2018

Videos

© 2018 The San Francisco Examiner

Website powered by Foundation