With SAP (SAP) buying Business Objects (BOBJ) for $59.35 cash per share, it was just a matter of time before archenemy Oracle (ORCL) would make a move to close the gap. 
Oracle responded by bidding for BEA Systems Inc. (BEAS) only to be rejected by the board as being too low, several hours later. 
This implies that the attempt was a knee-jerk reaction that was not coordinated with BEAS.
See full article: http://www.crossprofit.com/article.asp?id=126

Saul Sterman
With SAP (SAP) buying Business Objects (BOBJ) for $59.35 cash per share, it was just a matter of time before archenemy Oracle (ORCL) would make a move to close the gap. 
Oracle responded by bidding for BEA Systems Inc. (BEAS) only to be rejected by the board as being too low, several hours later. 
This implies that the attempt was a knee-jerk reaction that was not coordinated with BEAS.
See full article: http://www.crossprofit.com/article.asp?id=126

Saul Sterman
"...bar Microsoft and IBM"?

Is that because they are not worthy acquisitions? Or is IT a Cartel thing?