BEA feeling open source heat?

Some might go so far as to speculate that BEA is getting spanked with a sock price of $8 a share. Personally, I believe that it is too early to say whether OSS software is the sole contributor to any instability in their value. Then again, that is just me.

BEA Systems is feeling the pressure from open source, according to investors at Wall St institution Piper Jaffray.

The analyst firm has pegged BEA’s stock price at $8 per share, saying it expects potential customers to delay new application server purchases until an updated version of open source rival Gluecode is released later this year. BEA currently trades at close to $8.50 per share.

“We feel these delayed investment decisions could cause many of the active WebLogic sales opportunities to stall, increasing the length of the cycle,” Piper Jaffray said in a research note. [Read the rest]