January 7, 2009
Tod Nielsen moves on and Borland's future gets under scrutiny. Too good Delphi is not involved any more...
Yesterday, Borland announced the resignation of Tod Nielsen as CEO. Within mintutes, VMWare announced the appointments of Tod Nielsen as for the "newly created role of Chief Operating Officer"
The situation for Borland (the ALM company, nothing to do with Delphi any more) is far from great. The press release above mentions an expected total revenue below 40 mil. USD (down from 44.3 of the 3rd quarter 2008), an expected workforce reduction of 130 employees (15 percent), the resignation of the CEO and of Peter Morowski (vice president of research and development), and the stock aroun 1 USD (1.07 at yesterday close).
I'm relieved by the fact Delphi has been bought by Embarcadero Technologies, or this news would have been the start of another week with everyone saying "Delphi is doomed"... but I'm sorry for Borland. Hey, what if we offer them same cash for buying back the company trademark?
posted by
marcocantu @ 11:46AM | 8 Comments
[0 Pending]
8 Comments
Tod Nielsen From Borland to VMWare
Serves them right. I hate salesmen, they should all
be put to work in the fields. They produce nothing,
promise everything, deliver nothing and ripoff all
the money and assets from businesses that they care
nothing about, while the real workers struggle to
survive. Never miss a chance to do them a bad turn.
They always burn out and end up selling wind-up toys
from a street stall, while the skilled workers go on
and on and leave them far behind.
Comment by Steve M
[http://www.objecttree.com]
on January 7, 16:18
Tod Nielsen From Borland to VMWare
Seems Borland is finally lost. Thanks God Delphi is
safe now. Count with my dollar for buying the
trademark or may be they are going to pay us to get
it... they have been sistematically distroying the
Borland name since years. Its a sad picture but it was
a company suicide, what a pitty.
Comment by Javier Santo Domingo on January 7, 18:12
Tod Nielsen From Borland to VMWare
It's my contention that Delphi and the programming
products were the life preserver that kept them
afloat. I don't know anything about finance, but I'll
bet the numbers were arranged to promote the ALM side
of the business, while the coding products kept the
pump flowing.
My big "Awwwww Krap!" moment is that we use VMWare and
are expanding it's role in our business. I hate to
see the CEO with coke bottle glasses start cooking up
things at that company. Diane Greene, where are you
when we need you!!!!
Comment by Terry Kellum on January 7, 18:33
Tod Nielsen From Borland to VMWare
Since when your last job's results hasn't something to
do with your future oportunities? Isn't that Nielsen
guy something like a Microsoftian trojan horse now
behind the walls of another menace to MSFT empire?
Well, maybe they are just rescuing him from sinking in
the same boat they send him to sink :P
Ok, I don't know Tod Nielsen, but "for their results
you'll know them"
Good job Tod :|
Comment by Salvador Gomez Teamoza
[http://salvador.oversistemas.com]
on January 7, 20:03
Tod Nielsen From Borland to VMWare
The birth and the sale of CodeGear was apparently
Tod's decision... and since it ultimately had a
positive outcome for Delphi, I'll probably praise him
for his tenure at Borland more than other CEOs of the
past who used the "cash cow" approach instead.
Comment by Marco Cantù
[http://www.marcocantu.com]
on January 8, 00:34
Tod Nielsen From Borland to VMWare
Kinda bittersweet. Good move for Delphi. Bad move
for Borland. I agree that Delphi is much better off.
Perhaps he had the foresight to know that Borland
would never take Delphi where it needed to go?
Still, seems like a bunch of smoke and mirrors there.
Code Monkey hate subterfuge!!!! ;-)
Comment by Terry Kellum on January 8, 08:46
Tod Nielsen From Borland to VMWare
I bet he'll do it the Borland way, change vmware's
focus to something else, change the company name to
inprise and back, the change it to silverware, with a
subsidiary called vmgear, then sell it to the highest
bidder.
Comment by Osama Alassiry
[http://osama.alassiry.com/]
on January 11, 13:40
Tod Nielsen From Borland to VMWare
Osama wrote "with a subsidiary called vmgear"...
Borland bought VMgear a while back but recently they
decided they didn't want the name anymore, so I got
the domain name (all legal, direct from Borland) - so
no, VMware can't have it :)
Comment by Paul Gregg
[]
on January 14, 19:10
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