|Subject||Re: Embarcadero TechnologiesR to Acquire CodeGearT From BorlandR Software|
> ABS> I really thought Code Gear had at least 10 times more valueIt did. Back in 2004 director Coates was offering $130 mln for Delphi
> Maybe it had, but nobody would buy ;)
and related, but I'm not sure he had credible funding. As late as 2006
spinning out Interbase in an Ingres type play may have been worth $30
mln, never mind the IDE stuff.
Sales seriously plummeted in the last years: for the last 6 years, each
year it was $25 mln less than the year before and 2007 had only about
$50 mln in sales left. If the line continued, sales would have been
zero in 2010.
At least they have a stable home now. Not so sure about the ALM
business though. It is still burning cash and even with the $23 mln for
CodeGear they will not have enough money to repay the $100 mln loan
when it matures in a few years time.
Perhaps by then the name Borland will be so cheap to buy even the
community can afford to bid for it.