Jim Cramer Tries Piggybacking Carl Icahn Stocks, Fails

On the October 12th edition of Mad Money, Jim Cramer interviewed Carl Icahn and congratulated him on the bid by software giant Oracle to acquire BEA Systems (BEAS), which Icahn had been working on for months. Cramer had been recommending BEAS consistently since the summer of 2006 on a takeover possibility. In the December 11, 2006 Lightning Round, Cramer again reiterated his recommendation on the stock stating, "It has obviously been hurt by the options ugly stick, but BEAS should not be punished. That is a legitimate software transaction platform that I think one day, if they don't get the stock up, will be purchased by Oracle (ORCL)."

Again on September 18, Jim recommended BEA Systems (BEAS) on account of billionaire investor Carl Icahn's increasing share of the company, saying a buyout was imminent. Investors pocketed nearly a 40% gain in less than a month when O