According to last year’s looking-ahead-to-the-year- to-come lists, 2007 was to be “a year of hyperdisruption for the technology industry.” It was to be “a year of carnage.” But it was also to be “a year of great happiness and multiple blessings.” Above all, 2007 was to be “a busy year for technology.” Which, as you’ll see below, is pretty much how it turned out. What follows is Digital Daily’s abridged guide to the year in tech news–a fond reminiscence of what was, and our First Annual Year-End List For Year-End List Haters.
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Turns out William Klein, BEA Systems’ vice-president of business planning and development, was sorely mistaken when he said “BEA is worth substantially more to Oracle, to others and, importantly, to our shareholders than the price” Oracle offered for it. Certainly, that’s the opinion of Oracle CEO Larry Ellison, who says any future Oracle takeover [...]
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BEA Systems made good on its promise to allow the deadline to lapse on Oracle’s $17-per-share offer to buy the company. And Oracle made good on its threat to drop the bid. Minutes after 5 p.m. PDT yesterday, the deadline set by Oracle for BEA to agree to its offer, the company issued a terse, [...]
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Oracle isn’t going to pay $21-per-share for BEA Systems. In fact, it won’t even pay $17.01-per-share for it–a penny more than its original $17-per-share offer. Because even that would be too much.
In a letter to BEA late Tuesday night, Oracle President Charles Phillips rejected, with barely restrained incredulity, BEA’s proposed acquisition price of $21 [...]
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If Oracle, as it said in a letter to BEA Systems’ board Tuesday, truly has no interest in a long, drawn-out process to acquire the company, it best reach a little deeper into its wallet.
BEA Systems said this morning it is willing to consider Oracle’s takeover agreement, or one put forth by another potential purchaser, [...]
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You have to take a broader view and realize this is an industry like any other–telecom, railroads. They went through consolidation. Why shouldn’t the computer industry be any different? This shouldn’t have been a surprise to anybody. But it seemed to be, and a lot of people thought I was nuts when I said these [...]
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Looks like we may be in for another PeopleSoft-esque takeover drama.
BEA Systems’ board formally rejected Oracle’s $17-per-share offer to acquire it last Friday, saying the company is trying to buy it on the cheap. “BEA is worth substantially more to Oracle, to others and importantly, to our shareholders than the price indicated in your letter,” [...]
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Carl Icahn’s recent appeals to BEA Systems management to discuss a possible sale of the company seem to have set Oracle’s salivary glands flowing. This week the CRM gourmand made an unsolicited $6.66 billion bid for the business-management software maker.
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