Enterprise software vendor
is up nearly 12% Monday as short-sellers scramble to cover positions in advance of Thursday's earnings report.
In recent trading, the BEA has gained $1.23 a share, or 11.9%, to $11.54.
Part of the action apparently stems from a rumor that BEA has signed a $1.2 million deal to sell software to
, an existing customer that has flirted with an open-source rival. There is also some buzz about the release of an enhancement to the company's flagship WebLogic platform.
If that's true, the win at GE would strengthen BEA's hand in its
battle against JBoss, an open-source application server. GE recently chose JBoss to help run Web applications in a supply division.
BEA will report fourth-quarter and 2002 financial results on Thursday, and there is some sentiment that the company will exceed expectations. The consensus of analysts polled by Thomson Financial/First Call is for quarterly earnings of 8 cents a share on revenue of $240.9 million. For the full year, BEA is expected to earn 27 cents a share pro forma on revenue of $924.3 million, a decrease of 5% year over year.