Wednesday, August 25, 2004

Yahoo! News - Is troubled BEA a target?

Yahoo! News - Is troubled BEA a target? "The departure of another senior executive at BEA Systems Inc. is fueling speculation that turmoil at the ailing enterprise software maker could make it vulnerable to a takeover.
BEA said Monday, Aug. 23, in a filing with the Securities and Exchange Commission (news - web sites) that chief marketing officer Tod Nielsen has resigned to pursue other interests. Chief technology officer Scott Dietzen quit earlier month, and chief technology architect Adam Bosworth left in July to join Google Inc. Other executives who have left BEA recently include vice presidents Scott Edgington and Rick Jackson, and Erik Frieberg, senior director of product marketing.
The exodus comes amid a 54% decline in BEA's stock price since September and what analysts describe as BEA's failure to gear up to compete with bigger enterprise software developers offering a wide product range.
"These are really talented people, and they want to work for a company with buzz — and BEA has lost its buzz," said Richard Williams, research director at Garban Institutional Equities in New York. "They're strategically isolated because the world wants integrated suites, and BEA is providing pure-play components.""
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