The Register® — Biting the hand that feeds IT

Feeds

BEA wins Nasdaq reprieve

  • alert
  • print

Nothing to declare

By Gavin Clarke • Get more from this author

Posted in Software, 10th January 2007 12:34 GMT

Watch Now : Virtual Machine Movement with Hyper-V

BEA Systems has cheated the hangman after Nasdaq officials ruled the company's shares could continue to be traded on the market.

The Java middleware company has failed to file full financial results since last summer, covering the quarters ended July 31 and October 31 2006.

As a result, BEA received two letters warning it shares faced delisting but the company - as is its right - appealed. The date for the drop was January 8, but BEA now has been given until February 28 to get its finances, and more improtantly books, in order.

BEA has delayed filing as internal investigators examine allocation of company stock options, and the impact this could have on quarterly results.

BEA is one of many Silicon Valley companies revisiting options following pressure on the industry from the FBI and financial regulators.®

Watch Now : Virtual Machine Movement with Hyper-V

Hands on with Hyper-V 3.0 and virtual machine movement

Our award-winning Regcasts have teamed up with training provider QA for the deepest of deep dives into Hyper-V, including a live demo.

Understand VM movement - just click to play, or go here for a bigger version.