SAN JOSE, Calif., Nov. 15 /PRNewswire-FirstCall/ -- BEA Systems, Inc. (Nasdaq: BEAS), a world leader in enterprise infrastructure software, today announced that it has filed with the Securities and Exchange Commission (SEC) all of its delinquent filings, including its Annual Report on Form 10-K for the fiscal year ended January 31, 2007, and Quarterly Reports on Form 10-Q for the quarters ended July 31, 2006, October 31, 2006, April 30, 2007 and July 31, 2007. The Company is now current with its SEC filings and believes it is in compliance with NASDAQ's listing requirements.
SAN JOSE, Calif., Nov. 15 /PRNewswire-FirstCall/ — BEA Systems, Inc. (Nasdaq: BEAS), a world leader in enterprise infrastructure software, today announced that it has filed with the Securities and Exchange Commission (SEC) all of its delinquent filings, including its Annual Report on Form 10-K for the fiscal year ended January 31, 2007, and Quarterly Reports on Form 10-Q for the quarters ended July 31, 2006, October 31, 2006, April 30, 2007 and July 31, 2007. The Company is now current with its SEC filings and believes it is in compliance with NASDAQ's listing requirements.
The company's filings were delayed as a result of a review of its stock option granting practices and corresponding restatement of historical financial information.
"The completion of these filings is an important step forward, and we remain committed to the best governance practices and providing our shareholders with full transparency of our accounting," said Alfred Chuang, president and CEO of BEA Systems. "We are pleased to put this matter behind us and can now provide our shareholders a more complete understanding of BEA's performance."
BEA management plans to discuss the restated financial information during the conference call scheduled to review the company's third quarter financial results. That conference call will be held at 2 p.m. PST on Thursday, November 15, 2007. Investors will have the opportunity to listen to the conference call over the Internet on the investor information (http://ir.bea.com/?page=eventdetail&eventid=42397) page of the BEA Website. The broadcast will be available live, followed by a replay available for 360 days thereafter. Investors will also have the opportunity to access a telephone replay of the call through December 16, 2007 by calling (706) 645-9291, access code 6254770.
About BEA Systems, Inc.
BEA Systems, Inc. (Nasdaq: BEAS) is a world leader in enterprise infrastructure software. Information about how BEA helps customers build a Liquid Enterprise(TM) that transforms their business can be found at bea.com.
Copyright 1995-2007, BEA Systems, Inc. All rights reserved. BEA, BEA AquaLogic, BEA eLink, BEA WebLogic, BEA WebLogic Portal, BEA WebLogic Server, Connectera, Compoze Software, Jolt, JoltBeans, JRockit, SteelThread, Think Liquid, Top End, Tuxedo, and WebLogic are registered trademarks of BEA Systems, Inc. BEA Blended Application Development, BEA Blended Development Model, BEA Blended Strategy, BEA Builder, BEA Guardian, BEA Manager, BEA MessageQ, BEA microService Architecture, BEA SOA 360, BEA Workshop, BEA WorkSpace 360, Signature Editor, Signature Engine, Signature Patterns, Support Patterns, Arch2Arch, Arch2Arch Advisor, Dev2Dev, Dev2Dev Dispatch, Exec2Exec, Exec2Exec Voice, IT2IT, IT2IT Insight, Business LiquidITy, and Liquid Thinker are trademarks of BEA Systems, Inc. BEA Mission Critical Support, BEA Mission Critical Support Continuum, BEA SOA Self Assessment, and Fluid Framework are service marks of BEA Systems, Inc. All other company and product names may be the subject of intellectual property rights reserved by third parties. All other trademarks are the property of their respective companies.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to BEA's continued listing on Nasdaq. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements, including the risk that Nasdaq may delist BEA's common stock for failure to comply with any Nasdaq listing requirement. For more details, please refer to our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended January 31, 2007 and our Quarterly Report on Form 10-Q for the quarter ended July 31, 2007, as well as similar disclosures in subsequent SEC filings. The forward-looking statements and risks stated in this press release are based on information available to BEA today. BEA assumes no obligation to update them.
SOURCE BEA Systems, Inc.