Before Open -- BEAS reported ahead of analyst expectations by a penny, turning in earnings of $0.07 (excluding non-recurring items) last night; analysts are bullish on the shares's long-term outlook. UBS Warburg would be buyers of the stock at this level and names BEAS as a core tech holding that will outperform the market as the economy improves. Robertson Stephens believes BEAS has solid visibility moving into the Apr qtr and is well positioned to benefit from improved demand for J2EE projects. Merrill Lynch exercises some caution over shares in the near-term; views BEAS as a premier technology vendor and a sector gorilla, but believes the stock could come under pressure near-term as the company increases its operating expenses, .
