Wednesday, May 06, 2009

Tech Trader Daily - Barron’s Online : Icon Gone: Borland Takes $1/Shr Bid From Micro Focus

Borland is history

Borland Software (BORL) this morning agreed to be acquired by U.K.-based Micro Focus International for $1 a share in cash, or about $75 million. It’s a quiet end for an iconic company that once ranked among the largest desktop software companies. With co-founder Philippe Khan at the helm in the early 90s, its Quattro Pro spreadsheet software took on mighty Lotus 1-2-3; the stock in early 1992 peaked a little north of $80 a share, not long after the company bought another ealry ’90s software icon, dBase developer Ashton-Tate.

Tech Trader Daily - Barron’s Online : Icon Gone: Borland Takes $1/Shr Bid From Micro Focus

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