Oracle Corp. Chief Executive Larry Ellison revealed that the company is in acquisition mode as it looks for other potential companies to buy after it failed to acquire BEA Systems.
The push in profit which came as BEA systems released its first audited figures after four quarters showed some optimistic forecasts as well with estimated Q4 revenues hovering around USD 425m.
Oracle original offer was USD 17 per share but the BEA board asked for USD 21, slapping a USD 8.2 bn market capitalisation price on the company.
Now Larry Ellison is saying that, even if BEA put a "for sale" sign outside the business, Oracle would propose less than USD 17 for a BEA share.
The Oracle boss argues that Oracle is doing very well on its own and that the main reason for the purchase was to allow Oracle to scale up nicely, rather than use BEA portfolio and technology.
BEA is one of the prominent actors in the Business Intelligence (BI)/Middleware segment, the layer that allows business applications to interact more efficiently and effortlessly with databases.