Feeds

BEA avoids NASDAQ drop - again

So much for SOA

Beginner's guide to SSL certificates

BEA Systems continues to dice with fate, having evaded yet another attempt by US regulators to deprive the company of its NASDAQ listing.

Regulators have granted the middleware company the latest in a series of stays of execution, pending a further review. BEA was due to be delisted on 23 August.

The company has not filed a full income statement for more than a year as it attempts to assess the impact of misallocation of company stock on nearly 10 years' worth of results.

BEA said in February it expected to incur between $340m and $390m in charges following its own internal investigation into stock awards, but said it would be unable to post any full results until a final total has been determined.

BEA is likely to come up again for delisting before, and until, it posts full results. BEA last week gave its latest snapshot on performance. Revenue from sales of software fell nine per cent in the second quarter, to $123.1m, leaving it to services to drive growth. Services increased 19 per cent to $241m. Overall, BEA reported a seven per cent increase in revenue to $346.6m.

Again, the majority of business was associated with WebLogic and Tuxedo middleware, with the SOA AquaLogic products static on a quarter of revenue.

Previous quarters saw BEA's sales people generally run around and bump into each other, grabbing for the same products - something euphemistically referred to as an "execution" problem in the trade.

Wall St was fairly unimpressed with BEA's latest results. UBS analyst Heather Bellini called on BEA management to "fix execution challenges or allow someone to come in and improve shareholder value". Translation: shape up or sell out.

Wall St - and even some inside BEA - must be hoping Hewlett-Packard will step in at some point, given the company's recent renewed focus on software, and the companies' close middleware relationship. ®

Remote control for virtualized desktops

More from The Register

next story
Microsoft to bake Skype into IE, without plugins
Redmond thinks the Object Real-Time Communications API for WebRTC is ready to roll
Mozilla: Spidermonkey ATE Apple's JavaScriptCore, THRASHED Google V8
Moz man claims the win on rivals' own benchmarks
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
FTDI yanks chip-bricking driver from Windows Update, vows to fight on
Next driver to battle fake chips with 'non-invasive' methods
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
Ubuntu 14.10 tries pulling a Steve Ballmer on cloudy offerings
Oi, Windows, centOS and openSUSE – behave, we're all friends here
Apple's OS X Yosemite slurps UNSAVED docs into iCloud
Docs, email contacts... shhhlooop, up it goes
Was ist das? Eine neue Suse Linux Enterprise? Ausgezeichnet!
Version 12 first major-number Suse release since 2009
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.