The event was more of a marketing event than a product launch, as a lot of the details were predictably vague. Further, CEO Ballmer conceded offstage that it likely would be several years before the .NET platform has any material impact on Microsoft's financials.

This is a company that is clearly in rebuild mode. It's still somewhat of a 'show me' situation but it's a great start.

I'm saying basically to hold the stock, don't panic -- it got ahead of itself -- and wait.

There were literally no blemishes we could uncover in the quarter.

The bottom line is, the way things are laid out on the table right now, they just aren't going to work. The government doesn't really understand how technology works.

As a result of strong product offerings and a successful execution track record, we believe the company is currently on track to reach the pivotal $1 billion annual sales milestone faster than most companies in the enterprise software sector.

Prior to this latest event, we had been cautious in our outlook for the company due to a number of potential issues such as product transition risk and tougher year-ago comparisons.

Right now, the stock is just being driven by government propaganda. I think come the fall election, getting a more reasonable judge involved in this case will get this thing resolved.

The stock had a great run-up in anticipation of solid earnings, and I think their database revenue was a little shy of what people were looking for -- that's probably why people are selling in after-market (trading). Overall, it was a good quarter.

We believe BEA is well positioned as one of the leaders in the e-commerce infrastructure software and applications server software markets.