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Yet Another Arnold Article
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Angra Mainyu
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PostPosted: Tue Aug 30, 2005 8:21 pm    Post subject: Yet Another Arnold Article Reply with quote



http://www.cbronline.com/blog.asp?show=cbr/2005/08/borlands_interi.html

Arnold said his first priority as the head of the application lifecycle
management, middleware and development tools company has been to manage the
transition from Fuller's leadership to his own, while at the same time asking
his chief marketing officer, Rick Jackson, to effect the communication of that
strategy both internally as well as with the company's key customers and
partners.

But just as quickly, Arnold said he has set about, "Much more aggressively
pursuing M&A activity than before, with the goal being to push faster to SDO
[Software Delivery Optimization] from ALM [application lifecycle management]. "

Doesn't sound much like a "care-taker" Interim CEO.

Arnold said that since both the tools business and middleware lines are
profitable, they help to fund research and development in the faster-growing ALM
and SDO spaces. However he noted that if the company received an offer for
either of those businesses, he and the board would be obliged to consider them
in line with their usual fiduciary duties and responsibilities.

If there was any doubt before, this should put the tools business into play.



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Captain Jake
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PostPosted: Tue Aug 30, 2005 8:29 pm    Post subject: Re: Yet Another Arnold Article Reply with quote



"Angra Mainyu" <angra (AT) nospam4me (DOT) com> wrote

Quote:
If there was any doubt before, this should put the tools business into
play.

This might sound like a stupid question, but what do you mean by "put the
tools business into play"?



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Kirk Halgren
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PostPosted: Tue Aug 30, 2005 8:37 pm    Post subject: Re: Yet Another Arnold Article Reply with quote



"Captain Jake" <jake[nospam]@jsnewsreader.com> wrote

Quote:
"Angra Mainyu" <angra (AT) nospam4me (DOT) com> wrote in message
news:4314bf8d (AT) newsgroups (DOT) borland.com...
If there was any doubt before, this should put the tools business into
play.

This might sound like a stupid question, but what do you mean by "put the
tools business into play"?

There's no such thing as a stupid question, but they are the easiest to
answer. ;<)

That's business speak for being open to an acqusition proposal by some other
firm.
--
Kirk Halgren

"Who could have possibly envisioned an erection - an election in Iraq at
this point in history?" -George W. Bush, at the white House, Washington,
D.C., Jan. 10, 2005

"Fortitudine Vincimus - By endurance we conquer"
-- Shackleton family motto




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John Kaster (Borland)
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PostPosted: Tue Aug 30, 2005 9:09 pm    Post subject: Re: Yet Another Arnold Article Reply with quote

Angra Mainyu wrote:

Quote:
However he noted that if the company received an offer for
either of those businesses, he and the board would be obliged to
consider them in line with their usual fiduciary duties and
responsibilities.

If there was any doubt before, this should put the tools business
into play.

FTR, this is nothing different than I said (officially) on this
newsgroup several weeks ago.

--
John Kaster http://blogs.borland.com/johnk
Features and bugs: http://qc.borland.com
Get source: http://cc.borland.com
If it's not here, it's not happening: http://ec.borland.com

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Wayne Niddery [TeamB]
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PostPosted: Tue Aug 30, 2005 9:55 pm    Post subject: Re: Yet Another Arnold Article Reply with quote

Angra Mainyu wrote:
Quote:
However he noted that if the
company received an offer for either of those businesses, he and the
board would be obliged to consider them in line with their usual
fiduciary duties and responsibilities.

If there was any doubt before, this should put the tools business
into play.

Why? He has only stated what is true - a BOD *cannot* ignore any such offer
if at all reasonable. It would also be true if someone offered to purchase
the ALM tools. If such an offer seemed to be in the best interests of the
shareholders and the BOD refused to consider it, they could be sued. Thus
his statement is not in any way putting up a "For Sale" sign outside of this
general context.

--
Wayne Niddery - Logic Fundamentals, Inc. (www.logicfundamentals.com)
RADBooks: http://www.logicfundamentals.com/RADBooks.html
"The only reason some people get lost in thought is because it's
unfamiliar territory." - Paul Fix



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Scott Roberts
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PostPosted: Tue Aug 30, 2005 9:55 pm    Post subject: Re: Yet Another Arnold Article Reply with quote


"Wayne Niddery [TeamB]" <wniddery (AT) chaffaci (DOT) on.ca> wrote


Quote:
If there was any doubt before, this should put the tools business
into play.

Why? He has only stated what is true - a BOD *cannot* ignore any such
offer
if at all reasonable. It would also be true if someone offered to purchase
the ALM tools. If such an offer seemed to be in the best interests of the
shareholders and the BOD refused to consider it, they could be sued. Thus
his statement is not in any way putting up a "For Sale" sign outside of
this
general context.

So if it's obvious - and in fact mandatory - why did he mention it?



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John Kaster (Borland)
Guest





PostPosted: Tue Aug 30, 2005 10:11 pm    Post subject: Re: Yet Another Arnold Article Reply with quote

Scott Roberts wrote:

Quote:
So if it's obvious - and in fact mandatory - why did he mention it?

To state the obvious to those people who don't know it's obvious.

--
John Kaster http://blogs.borland.com/johnk
Features and bugs: http://qc.borland.com
Get source: http://cc.borland.com
If it's not here, it's not happening: http://ec.borland.com

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Nick Hodges [TeamB]
Guest





PostPosted: Tue Aug 30, 2005 10:17 pm    Post subject: Re: Yet Another Arnold Article Reply with quote

Wayne Niddery [TeamB] wrote:

Quote:
He has only stated what is true

He also stated something that he didn't need to state.

--
Nick Hodges -- TeamB
Lemanix Corporation -- http://www.lemanix.com
Read my Blog -- http://www.lemanix.com/nick

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Angra Mainyu
Guest





PostPosted: Tue Aug 30, 2005 10:18 pm    Post subject: Re: Yet Another Arnold Article Reply with quote

"Wayne Niddery [TeamB]" wrote
Quote:
Angra Mainyu wrote:
However he noted that if the
company received an offer for either of those businesses, he and the
board would be obliged to consider them in line with their usual
fiduciary duties and responsibilities.

If there was any doubt before, this should put the tools business
into play.

Why? He has only stated what is true - a BOD *cannot* ignore any such offer
if at all reasonable. It would also be true if someone offered to purchase
the ALM tools. If such an offer seemed to be in the best interests of the
shareholders and the BOD refused to consider it, they could be sued. Thus
his statement is not in any way putting up a "For Sale" sign outside of this
general context.

While it is true that management and the BOD cannot ignore offers he could have
said something like "We consider the tool business our crown jewel" which would
have circumvented having to say anything at all about receiving offers for
portions of the company. See the difference? When a CEO starts openly talking to
the press about receiving offers, it is usually interpreted in the financial
community as code words for putting it into play.




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Scott Roberts
Guest





PostPosted: Tue Aug 30, 2005 10:18 pm    Post subject: Re: Yet Another Arnold Article Reply with quote


"Rudy Velthuis [TeamB]" <velthuis (AT) gmail (DOT) com> wrote

Quote:
At 00:17:12, 31.08.2005, Nick Hodges [TeamB] wrote:

Wayne Niddery [TeamB] wrote:

He has only stated what is true

He also stated something that he didn't need to state.

I guess he was merely clarifying.

Didn't do a very good job, did he?



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Scott Roberts
Guest





PostPosted: Tue Aug 30, 2005 10:21 pm    Post subject: Re: Yet Another Arnold Article Reply with quote


"John Kaster (Borland)" <johnk (AT) borland (DOT) com> wrote

Quote:
Scott Roberts wrote:

So if it's obvious - and in fact mandatory - why did he mention it?

To state the obvious to those people who don't know it's obvious.

Why didn't he mention that Borland will also continue to pay it's employees?
He could also have mentioned that the sky is blue, just in case someone
wasn't aware.

In fact, when someone says "I'd listen to any offers out there" it generally
means they are interested in selling. It's entirely possible that it wasn't
meant that way in this case, but how likely is it? That's the question.



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Rudy Velthuis [TeamB]
Guest





PostPosted: Tue Aug 30, 2005 10:23 pm    Post subject: Re: Yet Another Arnold Article Reply with quote

At 23:55:30, 30.08.2005, Scott Roberts wrote:

Quote:
So if it's obvious - and in fact mandatory - why did he mention it?

Obviously not everyone knows it. Or did you?

--
Rudy Velthuis [TeamB] http://velthuis.homepage.t-online.de

"Far too many development shops are run by fools who succeed despite
their many failings." -- Brion L. Webster

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Rudy Velthuis [TeamB]
Guest





PostPosted: Tue Aug 30, 2005 10:23 pm    Post subject: Re: Yet Another Arnold Article Reply with quote

At 00:17:12, 31.08.2005, Nick Hodges [TeamB] wrote:

Quote:
Wayne Niddery [TeamB] wrote:

He has only stated what is true

He also stated something that he didn't need to state.

I guess he was merely clarifying.

--
Rudy Velthuis [TeamB] http://velthuis.homepage.t-online.de

"The difference between what the most and the least learned people know
is inexpressibly trivial in relation to that which is unknown."
-- Albert Einstein

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Nick Hodges [TeamB]
Guest





PostPosted: Tue Aug 30, 2005 10:27 pm    Post subject: Re: Yet Another Arnold Article Reply with quote

Rudy Velthuis [TeamB] wrote:

Quote:
I guess he was merely clarifying.

Clarifying what?

See?

--
Nick Hodges -- TeamB
Lemanix Corporation -- http://www.lemanix.com
Read my Blog -- http://www.lemanix.com/nick

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Dennis Landi
Guest





PostPosted: Tue Aug 30, 2005 10:28 pm    Post subject: Re: Yet Another Arnold Article Reply with quote

"Angra Mainyu" <angra (AT) nospam4me (DOT) com> wrote


Quote:
While it is true that management and the BOD cannot ignore offers he could
have
said something like "We consider the tool business our crown jewel" which
would
have circumvented having to say anything at all about receiving offers for
portions of the company. See the difference? When a CEO starts openly
talking to
the press about receiving offers, it is usually interpreted in the
financial
community as code words for putting it into play.


Yes, I think that's a reasonable interpretation.

I don't recall the Borland CEO openly talking about entertaining offers to
sell the tools division during Dale's tenure. Somebody want to find a
reference to Dale doing that?

-d



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