Borland Spins Off IDEs
By Alex Handy
Borland announced yesterday that it will no longer seek a
buyer for its developer tools group. Rather, the company will break out
those tools and employees into a separate, wholly owned subsidiary called
CodeGear. In addition, the company also announced strong revenue growth of
its ALM tools over Q3 2005.
"After much consideration, we made the decision to establish CodeGear as a
separate subsidiary," said Tod Nielsen, Borland president and CEO. "We have
always stated our intention to find the right buyer for this business-one
who was committed to our developer community, who would continue innovation
in our products and who would offer a sum that matched the value of the
business. 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."
----------------
George Birbilis ([EMAIL PROTECTED])
Computer & Informatics Engineer
Microsoft MVP J# for 2004-2006
Borland "Spirit of Delphi"
++ QuickTime, Delphi, ActiveX, .NET components ++
http://www.kagi.com/birbilis
++ Robotics ++
http://www.mech.upatras.gr/~Robotics
http://www.mech.upatras.gr/~robgroup
_____
avast! Antivirus <http://www.avast.com> : Outbound message clean.
Virus Database (VPS): 0649-0, 15/11/2006
Tested on: 17/11/2006 6:21:43 ??
avast! - copyright (c) 1988-2006 ALWIL Software.
_________________________________________________________________
To unsubscribe: mail [EMAIL PROTECTED] with
"unsubscribe" as the Subject
archives at http://www.lazarus.freepascal.org/mailarchives
