Feeds

Borland tools buyer MIA

Keeps ownership at distance

Beginner's guide to SSL certificates

Borland Software will retain control of its tools operation after failing to find a buyer during an eight-month search.

JBuilder, Developer Studio, Turbo and Interbase are to be consigned to a new operation named CodeGear that will become a wholly owned subsidiary in "early" 2007. CodeGear and its 300 staff will be led by Borland executive Ben Smith.

Borland decided to spin out its tools business to focus time and resources on the higher-grossing activity of lifecycle management, targeting IT purchasers with big budgets rather than developers who tend to have limited spending power.

While Borland entertained a number of possible options, it decided to act on the advice of investment banker Bear Stearns, setting the purchase price at $150m.

If Borland was struggling to make money in a market being commoditized by Eclipse on Java and that is being squeezed by Microsoft on Windows, though, it was difficult to see how - or why - any newcomer should pay for the privilege of having their legs taken out from underneath them.

Borland was unavailable to be reached at time of going to press. However chief executive Todd Nielsen said in a statement: "After a lengthy due diligence process with several serious bidders, we feel the CodeGear decision is in the best interests of our customers, shareholders and employees."

Meanwhile, Borland announced deeper losses for its third quarter. Borland recorded a $12.1m loss, compared to $5.2m, on revenue that grew 21 per cent to $82.3m Loss per share was $0.16 versus $0.07 a year ago. Operating expenses jumped 30 per cent to $77m. Let's hope Borland kept all those Bear Stearns' receipts for tax write-off purposes.®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.