The full effect of the malaise at Borland International Inc became apparent yesterday when it reported its half-yearly results. Net losses for the second quarter came to $9.8m, against profits of $2.6m profits a year ago, as revenues fell 29% to $36.4m. It should be remembered that the company has not sold anything off – this is natural shrinkage. The numbers were in line with its warning earlier this month. The half year losses were pretty bad too. The Scotts Valley, California company managed to get into the red to the tune of $23.9m at the half-way stage, against profits of $5.4m last time. Revenues plunged 33% to $70.9m. The main culprit is the company being slow to spot the movement toward intranet-based architectures from client-server systems. It’s left with a bunch of developer tools and old databases that are not growing much. Delphi, its Pascal-based development environment that won it a lot of friends has seen sales slow dramatically this year. All in all, a prime takeover candidate. The company is aiming to cut costs by $15m to $17m annually, and laid off another 125 people last week.
