Friday, October 12, 2007

Today's Headlines

- Carl Icahn told CNBC that Oracle Corp.(ORCL) made a “smart move” offering $6.7 billion for BEA Systems(BEAS) even though BEA is still “undervalued.”
- BEA Systems(BEAS) today confirmed that its Board had received an unsolicited proposal from Oracle(ORCL) to acquire BEA Systems for $17. The board concluded that the proposal significantly undervalues BEA.
- Copper is falling on speculation demand in China, the world’s biggest metal consumer, will decline should the country raise interest rates again to cool the economy.

Wall Street Journal:
- EBay Inc.(EBAY) is upgrading its search technology and simplifying its Web site to attract more buyers.
- The number of tourists visiting New Orleans is forecast to rise more than 60% this year, helped by conventions and corporate meetings.

LA Times:
- Survey finds homeless numbers drop countrywide.

Financial Times:
- Hewlett-Packard(HPQ) perennial bid speculation for Kodak(EK) resurfacing.

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