Feeds

Borland disappoints again in Q2

CEO retooled as ex-CEO

  • alert
  • submit to reddit

Top three mobile application threats

Dale Fuller gave up the CEO job at Borland Thursday as the company revealed a bad revenue miss in its second quarter which resulted in a major stock hit.

The software maker yesterday revealed that second quarter figures would not come in as expected. Preliminary figures show Borland's revenue coming in between $65m and $67m - well below an earlier forecast of revenue between $70m and $73m. CEO Dale Fuller is stepping down and will be replaced on an interim basis by Scott Arnold, an EVP and COO at Borland.

"I would like to thank Dale for his six years of service and his leadership during the initial stages of Borland's transition," said Borland Chairman William Hooper. "While we are disappointed with the second quarter results, we continue to see positive developments in demand for the company's ALM (application lifecycle management) products and customer success in Borland's largest ALM implementations."

Fuller will remain on Borland's board.

At the time of this report, shares of Borland were down close to 10 per cent at $6.05.

Borland expects to report full second quarter results on Aug. 2. It will post a loss of between 24 and 26 cents per share.

Borland attributed the shortfall to weaker than expected software sales with Europe being a particularly painful region. A stronger dollar and Borland's failure to close deals in Europe undermined previous Q2 forecasts, the company said.

In April, Borland issued a similar revenue warning for its first quarter. You don't make friends by dashing investors' hopes time and again.®

Related stories

Eclipse updates platform and projects
Intel ships 'multi-threading friendly' compilers
Borland shoots Peloton down roadmap
Borland open sources JBuilder
Borland to miss Q1 targets

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.