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Borland Reports First Quarter 2008 Financial Results and Announces Agreement for Sale of CodeGear Unit
07.05.08 - 21:58 ... source : Borland
... Company Hits Transformation Milestone, Reaffirms 2008 Revenue and Profitability Expectations for Enterprise Segment AUSTIN, Texas - May 07, 2008 : Borland Software Corporation (NASDAQ:BORL), the global leader in Open Application Lifecycle Management (ALM), today announced preliminary financial results for the first quarter ended March 31, 2008. Borland also announced today a definitive agreement to sell the assets of its individual developer tools unit, CodeGear, to Embarcadero Technologies. The purchase price for CodeGear is expected to be approximately $23 million. Borland will also retain CodeGear's accounts receivables with an approximate value of an additional $7 million. The transaction is expected to close by June 30, 2008. For the first quarter of 2008, Borland reported total revenue of $58.3 million, GAAP net loss of $22.3 million, or $0.31 per share, and non-G ...» Next (HTML)
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