Tips and Techniques

An open letter to Carl Icahn

By Larry Grey • November 5, 2007

Dear Mr. Icahn,

We see that you are getting access to BEA’s internal financial system. As you may or may not be aware, BEA uses PeopleSoft for their internal operations systems.

To help you analyze the numbers quickly, Grey Sparling Solutions would like to offer you a free copy of our Excel Add-in for PeopleSoft. Our Excel Add-in offers greatly enhanced drilling capabilities over what is generally available from PeopleSoft’s reporting tools, including the ability to drill to the underlying transactional pages.

It will definitely help you and your team quickly evaluate whether BEA is worth more than $17 per share or not. Here is a Flash demo of the product in action. All you need is the URL for the BEA financial system and the login that they are providing you.

As stated above we’re offering this to you free of charge. A nice thank you during the press conference where you announce your findings would be appreciated, but certainly not required.

Sincerely,

Grey Sparling Solutions

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