Feeds

Borland tools buyer MIA

Keeps ownership at distance

Intelligent flash storage arrays

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.®

Secure remote control for conventional and virtual desktops

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
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.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.