Nobody wants BEA

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Nobody wants BEA

Larry EllisonCarl Icahn, the activist investor, is pressing BEA Systems to put Oracle's $17 per share offer to a shareholder vote. Icahn owns 13 percent of the software maker. "BEA is badly miscalculating Oracle's desire ... Oracle doesn't need BEA. At some point, Oracle will buy these guys, but it's completely at Oracle's discretion," says Peter Goldmacher, a Cowen & Co. analyst. Since there hasn't been a competing offer in the three weeks since the initial unsolicited bid, Oracle remains BEA's only suitor. Correction: Bitches not so jealous after all.

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