News
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Service Alert: MAX disruption
Buses are shuttling MAX riders between Rose Quarter TC and Oak/SW 1st Ave stations. Around 6:15 p.m., a westbound train was in the intersection when a truck struck the train. It's estimated that eastbound MAX service will restored by 8 p.m.; no estimate yet about westbound MAX service restoration.
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ORACLE BEA - BEA Gives Icahn a Hall Pass to the Holy of Holies
In an unusual move, BEA says it's giving activist stockholder Carl Icahn confidential information that it can't give other people'cause it's, well, confidential and is supposed to prove to him that the company is worth more than the $17 a share ($6.7 billion) that Oracle offered for it. They've signed an NDA and much could depend on his reaction. He could find the cupboard bare. BEA's board claims the company is worth $21 a share, some $8.2 billion. Icahn wants BEA sold. He also wanted more from Oracle but is still ticked that BEA blew off negotiations with Oracle. He currently owns 13.2% BEA, more than anybody else, and is threatening a proxy fight to overturn the board.
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