Borland defies expectations and posts a healthy profit; software maker was left for dead but its chief relished the challenge
Article Abstract:
Borland International Inc did surprisingly well in its 4th qtr FY 1993, posting net income of $5.1 million, or 19 cents per share, up from a loss of $26.9 million, or $1.05, in 4th qtr FY 1992. Revenue fell slightly, from $116.8 million to $117.1 million. In late 1991, Borland had surged to the fore of the personal-computer database market. A year later, though, some analysts feared the company was mortally wounded by its tardiness in porting DOS applications to Microsoft Windows and Microsoft Corp's aggressive marketing of its new Access database, which cut deeply into Borland sales. Borland CEO Philippe Kahn responded by laying off 350 workers, or 15 percent of the company's workforce, and slashing prices. Despite the bounce-back quarter, analysts say Borland still faces an uphill battle to get back on track.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
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U.S. software writers defy dour forecasts; jobs spread abroad, but American creativity reigns
Article Abstract:
Computer software programmers in the US continue to receive the highest salaries and most innovative assignments, defying predictions that lower-paid workers in foreign countries would perform more developmental operations. Software programmers in developing companies are often extremely competent, despite being paid only 10% to 20% of a US developer's salary, and the number of foreign programmers continues to increase. Customized code for US-based applications is also developed outside the country and imported to the US with growing regularity. However, there are still approximately two million programming jobs in the US, more than twice as many in any other country. Emerging technologies surrounding the Internet promise to continue the trend of a US-led computer programming industry.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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