BEA is currently the number-two middleware provider by market share behind IBM, according to a report from Citi. If Oracle's takeover is successful, Oracle will move to second place, followed by Microsoft, Citi said.
Analysts from Citi said the $17 per share offer is fair and, if successful, would be Oracle's second biggest takeover behind PeopleSoft.
Essentially, the outcome of the bid comes down to a boardroom power play, DiDio said. Oracle, which has been on a "buying binge that shows no signs of abating" over the past few years, has done well convincing takeover targets, she said. "[Oracle CEO Larry] Ellison has had an impressive track record," DiDio said. "What it comes down to ... is who is the biggest, baddest alpha dog, and Larry is quite formidable."
This story was updated on October 12, 2007; Nancy Gohring of IDG News Service contributed to this story.
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