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Technology Stocks : BORL: Time to BUY!
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To: MENSO who wrote (6669)10/21/1997 7:49:00 PM
From: Jatin Kadakia  Read Replies (1) of 10836
 
Wow! Hope CEOs of all companies that I hold stock in talk like this and I can retire!

This guy has some guts and confidence.

Regards,
JK
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Tuesday October 21 7:06 PM EDT

Borland CEO says profits sustainable

SAN FRANCISCO, Oct 21 (Reuters) - Borland International Inc chairman and chief executive Del Yocam said that its
profitability is ''absolutely'' sustainable and that the company's goal is to achieve revenue growth of 20 percent.

Earlier Tuesday, the Scotts Valley, Calif.-based software company reported its second consecutive quarter of profits and
third consecutive quarter of revenue growth. Analysts were looking for Borland to report break-even earnings for the
second quarter and Borland reported a profit of $0.03 a share.

''We hope over the long term to return Borland to 20 percent (revenue) growth year-over-year,'' Yocam told Reuters.

Yocam said that Borland's new products and strategy aimed at selling software development tools to the corporate
enterprise market will help fuel its growth going forward.

''We have a new strategy,'' Yocam said. ''We can provide the tools and technology for them (corporate users) to begin to
access their legacy information.''

Yocam said the company has revamped its sales force, recruited a new management team, established more partnerships,
and upgraded and delivered new products as part of its plan to return to growth.

''You can just watch it happening quarter by quarter,'' he said.
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