Bea Systems Weighed Down By Open-Source Pressure

Posted by tadelste on Sep 19, 2005 10:26 AM EDT
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Piper Jaffray reiterated a "marketperform" rating and $8 target price on BEA Systems (nasdaq: BEAS - news - people ), saying it expects the company to continue feeling pressure from the open-source movement. "We believe open-source offerings from JBoss and Gluecode will continue to pressure BEA in the app server market," Piper said.

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