Morning stock check: BEA Systems up 30 percent

Shares of San Jose-based infrastructure software company BEA Systems, Inc. (BEAS) were up more than 30 percent (or $4.50 a share) and the Dow Jones Industrial Average Index was up more than 40 points in early trading after opening at 14,016.34.

Also up in early trading was video game company Electronic Arts, Inc. (ERTS) out of Redwood City. Shares were up more than three percent.

Trading down early today was the McKesson Corp. (MCK), a San Francisco-based health care industry information and services provider. Shares of McKesson were down more than one percent after opening today at $59.57 a share.

BEA Systems was also trading at the highest volume among local companies with 117.17 million shares changing hands. Sun Microsystems, Inc. (JAVA) was next with a volume of 13.16 million shares.

In related business news Oracle Corp. (ORCL) offered to buy BEA Systems for $6.7 billion, according to Bloomberg reports. And shares of Electronic Arts rose today after the company said it expected to exceed second quarter profit forecasts, according to an Associated Press report on Forbes.com.

Get the latest market news and current stock quotes on Examiner.com.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

The admissions process at the academically competitive Lowell High School is set to change this year due to coronavirus restritions. (Kevin N. Hume/S.F. Examiner)
Lowell’s selective admissions process put on hold this year — and more changes may be in the works

School board votes unanimously to use normal student assignment lottery for competitive school

Dr. Vincent Matthews, superintendent of the San Francisco Unified School District, said Tuesday that student would not be back in school before the end of this calendar year. (Kevin N. Hume/S.F. Examiner)
Superintendent: City schools will not reopen before the end of the year

San Francisco public schools won’t reopen to students for the rest of… Continue reading

San Francisco has failed to reduce traffic deaths enough to meet its Vision Zero goal. (Kevin N. Hume/S.F. Examiner)
San Francisco not on track to meet Vision Zero goals by 2024

Hamstrung by state laws, dwindling budget and limited resources, SFMTA tries to chart path forward

San Francisco will allow bars selling drinks, and not food, to begin serving customers outdoors under health guidelines going into effect next month. (Kevin N. Hume/S.F. Examiner)
SF becomes first Bay Area County to move to least restrictive COVID-19 category

Change to ‘yellow’ will allow more indoor dining and fitness, reopening non-essential offices

City officials want to install more red light cameras but the process is costly and time consuming. (Shutterstock)
Transit officials push for more red light cameras

SFMTA says ‘capital crunch’ and dragging timelines make expanding the program cumbersome

Most Read