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/

Just Posted

SFUSD: City schools to stay closed for the rest of the year

District joins five other Bay Area districts in announcing closure

John Prine, revered singer-songwriter, dies of COVID-19 complications at 73

John Prine, who traded his job as a Chicago mail carrier to… Continue reading

Supes push to procure hotel rooms for the homeless as coronavirus spreads

‘Friction’ between board and mayor over strategy to protect those living on the streets

Coronavirus cases exceed 600 in SF; 9 reported dead

Mayor launches data tracker after calls for transparency

Breed changes plans for massive new Moscone West homeless shelter

City now moving more shelter residents to hotel rooms after three test positive for COVID-19

Most Read