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Strategies & Market Trends : The Thread II

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To: jj_ who wrote (2554)	6/24/2001 11:56:29 AM
From: jj_	Read Replies (4) of 9026

Red Herring Communications. All Rights Reserved. Far from boring By J.P. Vicente July 2, 2001 Borland Software (Nasdaq: BORL) is a pleasant example of a turnaround success story. The stock surged 37.5 percent to $14.49. Renewed investor enthusiasm was likely due to the fact that the company swung back to profitability in the first quarter, led by strong sales of its Java development software. The stock is up 99 percent in 2001. Borland has revamped its product line and now focuses on selling and servicing middleware that allows clients to deploy Web-based applications. Revenue for the first quarter was up 11 percent from a year ago to $51.7 million. Gross margins were at a hefty 85 percent, vs. 81 percent a year earlier. Borland posted net income of $5.9 million, or 8 cents a share, in the three months ended on March 31. That compares to a loss of $1.1 million, or 2 cents a share, in the same period a year ago, when the company saw the market for its products shrink dramatically. Welcome back, Borland. biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com biz.yahoo.com borland.com borland.com borland.com borland.com borland.com borland.com

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