Feeds

Borland tools buyer MIA

Keeps ownership at distance

Website security in corporate America

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.®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
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
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
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
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.