Oracle Corp. Chief Executive Larry Ellison told analysts Wednesday that the business software maker is more likely to pursue other takeover targets instead of renewing its recent $6.7 billion bid for rival BEA Systems Inc.
Ellison's remarks echoed statements that Oracle issued late last month when it withdrew an $17-per-share offer after BEA's board demanded $21 per share, or about $8.2 billion.
"If we made another offer, the price would be lower" than Oracle's original bid, Ellison said during a late afternoon meeting with analysts.
Despite the impasse, many analysts still believe San Jose-based BEA ultimately will be snapped up by Redwood …
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