BEA Systems Inc stock took a tumble last week, with the shares dipping below $9 at one point Thursday, down from year-high of almost $30. The share price began recovering in trading Friday. Although there are persistent Wall Street rumors that something significant is wrong, BEA says the quarter is tracking as expected. Joe Menard SVP Europe, Middle East, and Africa operations said there’s no truth to rumors that there has been any greater bloodletting at the UK sales office beyond the normal departures when quotas aren’t met. Menard says he’s staffing up as aggressively as he can. Its main competitors in Europe are IBM Corp and Siemens AG.
