Shareholder Calls for Borland Breakup

Robert Coates, a shareholder and former board member of Borland Software, has said that he will submit a plan to spin off some product lines in order to "restore Borland's market value." In a statement issued Wednesday, Coates said he is developing a plan to break off Borland's different development tool product units as separate companies to better serve customers. "This will also allow Borland to deliver dependable and sustainable growth in revenues and earnings from a core set of products," Coates said in the statement.

News source: C|Net

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