Thursday, January 04, 2007

BEA Systems (BEAS) Higher on Renewed Takeover Speculation

BEA Systems Inc. (Nasdaq: BEAS) is higher today on renewed speculation the company is the target of a takeover. Today's move is being driven by a prediction by Suntrust that Hewlett-Packard Co. (NYSE: HPQ) could buy the company. BEA Systems has long been a rumored takeover target, with Oracle (Nasdaq: ORCL) mentioned as a another possible suitor.

Shares of BEA Systems 8% higher to $13.28 in mid-day action.

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