Archive for October 12th, 2007

12Oct

QotD: Sell Side Analysts

Posted by Jeff as Uncategorized

On the Oracle acquisition of BEA today: "Half of these sell-side analysts wouldn’t touch BEA with a 10-foot pole yesterday at $13.60, now they’re stumbling and bumbling all over themselves to put out research notes explaining why $17 just isn’t enough for the BEA assets." – anonymous

Cue theme music. Roll. Today the sun rose to news that Oracle has announced their intention to acquire BEA, a company that has seen the sun set on it’s glory days. In recent months Carl Icahn, not exactly a buy and hold kind of guy, has acquired a 13.2% position in the company, and existing [...]


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