Doom and gloom persisted at troubled development tools company, Borland, as it issued yet another profits warning for its third fiscal quarter, ending 31 December.
The company expects to report an operating loss of between $0.52-0.62, on revenues of approximately $33-36 million. It will also incur a one-off charge related to its Open Environment Corp acquisition and for restructuring costs incurred this quarter, after 125 staff (15 per cent) were made redundant.
Borland said the anticipated loss was partially due to its failure to sell any of its new product lines and because of slowing sales of its maturer offerings as customers waited for upcoming releases.,p> Delbert Yocam, who joined Borland as chairman and chief executive on 2 December, said he would carefully evaluate Borland?s cost structure and product strategy over the next quarter and expects to introduce yet another turnaround strategy for the company in the first quarter of 1998.
One of his stated aims is to strengthen Borland?s management team and operations and successfully launch three new products, JBuilder, Delphi 97 and C++ Builder, over the next three quarters.
Latest Tesla news: Tesla stock price tanks amid reports of 'widening probe' by SEC and claims the base Model 3 loses money
SEC 'probe' takes its toll on Tesla as new research suggests that Tesla loses $6,000 on every $35,000 Model 3
10nm Cannon Lake Core i3-8121U CPUs make a rare outing with Intel's NUC mini PC
'Notorious' Australian child hacker thought he had executed 'flawless' hack
The former employee says that Tesla fired him for bringing the accusations to management internally