Depending on BEA's next moves, it may be lucky to see $17/share.
Peter Goldmacher, an analyst with Cowen & Company, said he thought that Oracle would end up paying $17 a share for BEA, because no other software companies are in a position to outbid it as they do not have the infrastructure to absorb BEA quite as easily.
Furthermore, he said, BEA’s share of the market is declining. “This company has a shelf life more like fish than wine,” Mr. Goldmacher said. “Oracle and I.B.M. are really hurting BEA in the middleware market.”