Spat with Oracle brings BEA down

San Jose-based BEA Systems Inc. (BEAS) finished Friday with its share price down 5.88 percent as the market continued to react to its sniping with Redwood City technology giant Oracle Corp. (ORCL), which is offering to buy it in a hostile takeover. BEA will let Oracle’s bid of $6.7 billion expire because it considers it too low, according to CNNMoney.com.

The markets closed on an upswing overall, with the Dow up .99 percent, the Nasdaq up 1.94 percent, and the S&P 500 up 1.38 percent.

San Jose’s SunPower Corp. (SPWR) was the highest share-price earner among the top 50 Bay Area stocks tracked by The Examiner, earning $117.40 a share, an increase of 9.95 percent.

The most-traded Bay Area stocks for Friday were Sun Microsystems Inc. (JAVA), Yahoo Inc. (YHOO) and Intel Corp. (INTC).

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/
Previous story
Macy’s West Wins Environmental Award
Next story
VMWare, Juniper top Bay Area stocks

Just Posted

Struggling Chinatown restaurants get help moving business outdoors

A total of $25,000 will be distributed to assist with costs of Shared Spaces program

Nomination delays, vacancies impair SFMTA board’s ability to vote

Supervisors to consider mayor’s nominees on Aug. 10

District 7 race leads supervisor contests in campaign contributions

The race to replace outgoing Board of Supervisors President Norman Yee has… Continue reading

Jones Street getting more pedestrian space after months of community pressure

Pedestrians on Jones Street will have more room to walk as early… Continue reading

Pandemic exacerbates food insecurity for San Franciscans in need

Mayor Breed proposes $45.7 million for meal programs under two-year budget

Most Read