Bad day for BEA after nixing Oracle bid

San Jose large-scale business software firm BEA Systems Inc. (BEAS) ended its day in Wall Street on a down note after telling Oracle Corp. (ORCL) that it would not accept Oracle’s $17-per-share takeover bid after Oracle issued a Sunday deadline on its offer, according to Marketwatch.com.

BEA’s stock closed 3.87 percent down, the largest share price drop among any of the 50 largest publicly-traded Bay Area companies tracked by The Examiner. It was also the most heavily-traded of those stocks, with 92.78 million shares traded at the close.

Apple Inc. (AAPL) continued its rise, closing the day with its share price up 6.77 percent. Other big local earners included Network Appliance Inc. (NTAP), SunPower Corp. (SPWR), Intuitive Surgical Inc. (ISRG), and Franklin Resources Inc. (BEN), all of whom saw share prices rise by more than 5 percent.

The market closed up overall, with the Dow up .81 percent, the Nasdaq up 1.65 percent and the S&P 500 up .88 percent.

Just Posted

Slow to reform, SFPD touts lack of police shootings as sign of progress

Department has completed about 10 percent of federal recommendations for improvement

SFPD issuing fewer life-saving traffic tickets because of ‘additional paperwork’

In August, Mayor London Breed and traffic safety watchers blasted San Francisco… Continue reading

PG&E to use state support, aircraft to minimize impact of power shutoff

PG&E has accepted an offer of technical assistance and aircraft to help… Continue reading

Transbay BART tube reopens after service halted by sparks during rush hour

Sparks near the transbay tube prompted BART to halt some service between… Continue reading

BART: busking ban on trains may be legal despite opposition, free speech concerns

When BART board director Debora Allen first floated her proposal to ban… Continue reading

Most Read