BEA, a Software Maker, to Restate Results
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BEA Systems said Monday that it would restate results to reflect expenses associated with misdated stock option grants.
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The application server space is heating up once again as both IBM and BEA Systems tout new versions of their platforms. With its Liquid Computing strategy, San Jose, Calif.
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(InfoWorld) - Talk about raining on a parade. BEA Systems concluded its cheery BEAWorld San Francisco conference last Wednesday. Highlights of the seemingly triumphant event included presentations from executives like Chairman, CEO and President Alfred Chuang and product introductions like its new application server, WebLogic Server 10.3, and a dynamic application development platform called Project Genesis. Then, two days later, well-known corporate activist and billionaire Carl Icahn, a BEA investor, expressed intentions to seek the sale of BEA, believing the company would have a hard time staying afloat as a standalone company in its industry. Icahn may seek to seat a board of directors more favorable to his plea. But not so fast, a BEA insider said. While the company itself has continued to decline comment on the Icahn matter, this insider familiar with BEA's investor-related workings did not give out much hope for Icahn to get a more compliant board elected. Icahn has an 8.5 percent stake in the company, which would represent about 33.5 million shares, said the source, who asked to not be identified. "But if you look closely at the filing, you'll see about 16.2 million of those are options, not actual holdings," the source said. "He only owns about 4 percent," said the source. "What this means is that if he was gong to exercise those options, he'd have to plunk down another several hundred million in cash right now," the source said. Further complicating any efforts to force a sale is that BEA is one of several companies that has had to restate past financial statements due to backdating of stock options. With that issue still ongoing, the company cannot even hold an annual meeting where Icahn could attempt to elect a favorable board, according to the source. An annual meeting is expected to be held this fall, but even then, BEA only re-elects three or four members of its 10-member board every year, the source said. Thus Icahn could not get control of the board in a single year. Just publicly announcing plans to try to seek a sale of a company can drive up a stock price, the source said. BEA's stock went up 4 percent Friday, the source said. Still, Icahn's setting sights on a software company like BEA, which has only intellectual property assets, "might be a sign of things to come for the tech world," said the source.Â  Icahn has been involved in similar efforts with such companies as Motorola and Lear. Icahn could not be immediately reached on Monday afternoon. BEA has been the target of takeover rumors before. One particular company that has stood out as a potential suitor has been Oracle. But BEA has continued to chug along independently although its license revenues in the most recent quarter shrunk 9 percent, to $123.1 million, over the same time period a year ago. BEA also has plans to move into a new headquarters in downtown San Jose, Calif. next year, even getting a city subsidy to encourage the move. Whether that office building would bear the name of BEA, a prospective new parent company, or possibly remain empty remains to be seen.
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The software company's investments are showing some promise.
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InfoWorld - Borland Software on Tuesday will refresh the Silk application testing product line it acquired last year.
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(InfoWorld) - Coverity on Wednesday is announcing a software analysis engine based on the concept of "Boolean satisfiability," or SAT. Featured in the Coverity Prevent SQS (Software Quality System) product, the SAT engine uses a representation of software, or a "software DNA map," to identify complex defects in source code. This helps software development teams eliminate potentially costly defects. The technology allows Coverity to be more precise and to report a higher percentage of false defects, said Ben Chelf, Coverity's CTO. "We're the first people to actually take the technology that can solve these types of problems and put it into a static analysis engine for the purpose of finding defects before you already run the program," Chelf said. The Boolean satisfiability technique, which features patented technology from Coverity, creates a bit-accurate representation of a software system, with software questions translated into Boolean values of true or false and Boolean operators such as "and," "not," and "or." This enables source code to be analyzed by SAT-based Solvers. The first Solver to be released is the False Pruning Solver, to lower false positive test results in static code analysis. Two more Solvers are planned in early 2008 to check code assertions and detect critical bug categories, including integer overflows. The Solvers also will expand Coverity dataflow analysis capabilities to uncover greater numbers of buffer overflows while maintaining a low false positive rate. Prevent SQS is available Wednesday for C, C++, and Java software projects. Pricing starts at $35,000 a year for the enterprise-level product.
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Not to be outdone by rival Oracle, BEA Systems has unveiled version 9.0 of its WebLogic Server application server. Homing in on the theme of service-oriented architecture deployment, BEA said the product would
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BEA Systems Inc  said on Thursday it is prepared to sell itself for $8.2 billion, which is a 24 percent premium to a bid from Oracle Corp  that the business software maker rejected.
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(InfoWorld) - SAN FRANCISCO -- Positioning itself as the industry's first provider of a native SOA platform, BEA Systems unveiled SOA 360 -- as in 360 degrees -- at Tuesdays' BEAWorld 2006. The vagueness of the announcement, however, has at least one analyst claiming the company still has a lot of explaining to do. SOA 360 spans three BEA product families -- Tuxedo, WebLogic, and AquaLogic -- and features an SOA collaborative tooling environment, called BEA WorkSpace 360. Another key element is the company's "microServices Architecture," aka mSA. Based on SOA and the concept of a services network, mSA features modular services based on BEA products, is event-driven, and uses notification services to publish and discover modular components or "microServices." WorkSpace 360 includes a product family due in 2007. It is geared to enable business and IT professionals to collaborate and work individually and features roles for the business analyst, enterprise architect, developer, and IT operations professional. Working with the role-based products is WorkSpace Central, which is designed to provide SOA lifecycle management and centers around the company's metadata repository, AquaLogic Enterprise Repository. "SOA 360 is a governing approach to modeling, creating, developing, and deploying a full lifecycle SOA application. It is a unifying methodology," featuring all of BEA's SOA products, said Rob Levy, executive vice president and CTO of BEA. "I'm here to tell you with confidence that SOA is very real," BEA Chairman and CEO Alfred Chuang said in a keynote presentation focused on SOA. Details provided during presentations on Tuesday, however, were too vague, said Shawn Willet, principal analyst at Current Analysis. "There's just too many unanswered questions right now," Willett said. For instance, it is unclear what makes something mSA-enabled, Willett said. He did, however, praise BEA for being ahead of the pack when it launched its unified middleware platform, BEA WebLogic Platform. BEA's modularization plans for its WebLogic Server application server were revealed in March. But the company now believes this approach can work for all its products, said Bill Roth, vice president of the BEA tools unit. Modularization provides the right services to the customer, Roth said. "Modularization will be a key design point for us, and ultimately this microServices Architecture will have an effect across all of our products," Roth said. BEA has set a goal of having all its products leverage mSA by the end of 2008. MSA will key in on backplane components, application frameworks, activity services, presentation services, and infrastructure services. The architecture will leverage industry protocols and standards such as OSGi, SOAP, WSDL, XML Schema, WS-Security, and SAML. Also at the show on Tuesday, BEA: * announced the release of AquaLogic Enterprise Repository 2.5, a metadata repository based on the company's recently acquired Flashline technology; * launched its AquaLogic Data Services Platform 2.5, which provides a virtual, unified view of data regardless of type or location; * unveiled BEA Guardian Support Service, providing predictive and pre-emptive software support; * and announced the general availability of SALT (Services Architecture Leveraging Tuxedo) 1.1, which is intended to allow Tuxedo applications to be exposed as Web services.
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Microsoft have let the public use a beta of their tool for some months while testing continues. The last few days have seen a new release of the beta which seems to be getting closer to bringing back consistently sensible results.
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SAN JOSE, Calif., Dec. 8 /PRNewswire-FirstCall/ -- (http://bea.com/more_info.jsp?p%8&amp;r=1.4.6 ) -- BEA Systems, Inc. (NASDAQ:BEAS), the world&#39;s leading application infrastructure software company, today announced
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(InfoWorld) - BEA Systems will ship the three products featured in its social computing suite geared for Web 2.0 on Monday. The three products introduce modes of ad hoc collaboration and participation-driven experiences, said Jay Simons, BEA director of product marketing. Additionally, they take innovations spawned on the consumer Internet and apply them to the enterprise, adding security, governance, and management, he said. With the products, BEA is looking to empower users in the workplace, the company said. All bearing the AquaLogic nameplate, the three products include: * Pages, which is a mashup builder for business users to put together simple Web applications for business situations. * Ensemble, for Web application developers to build developer-oriented mashups featuring Web resources. * Pathways, featuring social bookmarking, tagging, and the ability to form social networks in an enterprise context. In touting its new products, BEA has been able to communicate how the suite can make a business become more efficient, said analyst Frank Kenney, research director at Gartner. BEA has been citing examples involving mashups and applications, he said. "Theyâre starting to tell stories and give credible examples of how those Web 2.0 [capabilities] can make your business agile," Kenney said. But BEA has been lacking in details on how governance and control are maintained over the applications built with the products, he said. "I think that I havenât seen enough detail about the mechanics of the technology. For instance, BEA hasn't given me a message or hasn't told me about how these technologies fit into their overall SOA governance initiatives," Kenney said. A Java application server is required to use the products but not necessarily BEA's application server, Simons said. Pricing for the products individually is either $40,000 per CPU or $64 per user.
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Boston Communications Group Inc.   BCGI.O, which sells billing systems to mobile phone   companies, said on Thursday it would restate certain past   financial results to reflect charges for stock-based   compensation costs.
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TechWeb - The company offers its JBoss BlackTie.org project over BEA's software to emulate transaction-processing monitors that connect large servers.
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BEA Systems Inc. chose the opening day of competitor Oracle&#39;s annual user conference in San Francisco to talk about its next version of the BEA WebLogic Application Server platform.
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BEA Systems Inc. is planning to release this week a new version of its application suite targeted at its ISV partners. WebLogic Platform ISV Edition is an integrated suite that features core BEA technology
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SAN FRANCISCO -- Not to be outdone by rival Oracle's conference being held a block away, BEA Systems on Monday unveiled Version 9.0 of its WebLogic Server application server, code-named Diablo.