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Re: Coates to buy Delphi? but... Delphi HAS value for Borland...


2005-09-22 01:41:23 AM
delphi119
Kostya writes:
Quote
All of this
has had a chilling effect on morale at the Delphi and Deploy groups.
</q>
As Leonel said in another sub-thread... take this with a grain of salt.
Cheers,
Kevin.
 
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

In article <433197f8$XXXX@XXXXX.COM>, XXXX@XXXXX.COM
says...
Quote
<snip>
Again, you're quoting FUD from Coates' letter. This is a typical Coates
tactic, raising rhetoric to a fever pitch, and negotiating through the
media. He's a carpet bagger, when will people realize that.
--
John
Life is complex. It has real and imaginary parts
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

Kostya writes:
Quote
<q>
The interim CEO is on record as saying that Delphi and Deploy are
"cash cows" to
[snip]
</q>
Yes, it is really surprising (NOT) what Coates will say in an attempt to get
things to go his way. Sounds like only the Deploy unit (essentially
Visibroker) is affected (and even that is conjecture unless and until
information is relased by Borland) but he conveniently, and probably without
any merit considering the very clear Borland statement, slides "Dephi" in
there.
--
Wayne Niddery - Logic Fundamentals, Inc. (www.logicfundamentals.com)
RADBooks: www.logicfundamentals.com/RADBooks.html
It used to be that other people's achievements were considered an
inspiration, not a grievance.
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

"Serge Dosyukov (Dragon Soft)" wrote
Quote
Mr. Coates' $150 million offer is significant given the company's current
enterprise value. According to Yahoo Finance, Borland's enterprise value
(its market value plus any debt and minus its cash)

is now $242 million, only $92 million more than Mr. Coates'
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
This is interesting
Yep, since there are 76.2 million shares, if the price drops about $1.20 per
share it would be a wash.
The price of the stock has been trending down for some time with some strange
volume spikes in the past week, it will be interesting to watch what happens
now. I hope the BoD have some good lawyers lined up to defend the stockholder
law suits which are sure to follow and they probably need to get their golden
parachutes checked 'cause this barbarian Coates is going to storm the gates and
try to replace em. And this is a BoD who hasn't seen fit to appointed a
replacement CEO leaving the company more or less leaderless with only an interim
CEO in a time of great vulnerability.
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

I think Scott Arnold referring to Delphi as a "nice little cash cow"
was a pretty unfortunate choice of words and didn't do much to reassure
customers. Statements that came afterward from DevRel and this letter
helped clarify things and are a lot more encouraging.
And, as other people already pointed out, the quote you posted is from
Coats. If you take that at face value, I have a bridge to sell you.
I've always had faith in Borland's technical direction. Now I'm
becoming more optimistic about their overall message.
--
Regards,
Bruce McGee
Glooscap Software
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

Bruce McGee writes:
Quote
Coats
That should read "Coates".
--
Regards,
Bruce McGee
Glooscap Software
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

Quote
>"Deploy"? What does that encompass- is that essentially the old CORBA
>and AppServer stuff or is there more to it than that?

Visibroker
Where does Interbase fit in?
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

Quote

The Borland Board rejected the offer without any discussion with Mr.
Coates of its merits, without requesting any details of the proposed
transaction, and without any counter offer or effort to negotiate a
more favorable transaction.

I'd love to know the details. Fat chance, but it'd be interesting to know
exactly how long it took to reject the offer.
A sale for $150 million in cash sounds like a premium for the legacy
products and Borland's BOD was (apparently) unwise to consider it from a
fiduciary standpoint.
But, I don't think Coates is going to go away because of this particular
rejection. He did manage to get himself on the BOD many years ago, and
goodness knows he's rich as Croesus.
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

Kevin Berry writes:
Quote
Well, it certainly sounds like Borland is doing the right thing-
Visibroker is a dying product that they really do need to E-O-L.
How many alternate ways do you know of using EJBs from your .NET apps
(in Delphi or VS.NET)? SOAP doesn't count; too slow.
(Yes, Janeva is VisiBroker.)
I sometimes think that people tend to write off stuff which isn't
useful to them personally as useless in general. But there's a heck of
a lot of CORBA in the world.
--
Craig Stuntz [TeamB] ?Vertex Systems Corp. ?Columbus, OH
Delphi/InterBase Weblog : blogs.teamb.com/craigstuntz
IB 6 versions prior to 6.0.1.6 are pre-release and may corrupt
your DBs! Open Edition users, get 6.0.1.6 from mers.com
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

Quote
You're quoting FUD from Coates. I would take that with a grain of salt.
IMO, Borland should publicly deny Coates' claim. If not in a press release,
but here in these NG's. FUD is real and should be addressed to diffuse it.
If Borland chooses not to do so, then the question of the validity of
Coates' claims will remain.
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

Kostya wrote in <XXXX@XXXXX.COM>:
Quote
Well maybe it is better if they sold it.
No, you don't sell the cow until it stops giving up it is milk.
Will
--
Want native support in Delphi for AMD64/EM64T? Vote here--
qc.borland.com/wc/qcmain.aspx
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

"Bruce McGee" <XXXX@XXXXX.COM>writes
Quote
Serge Dosyukov (Dragon Soft) writes:

>...
>
>In its letter the Board says that "...Delphi and Deploy are integral
>to Borland's business and growth strategy, and are not for sale."
>
>...

Along with David I's announcement, this is the message I have been hoping
to hear from Borland. Clear, *public*, straight to the point and
difficult (though I am sure there will be attempts) to spin negatively.

This part in isolation is good news. Borland is committed to Delphi. I
hope it causes their stock prices to rise, because Coates has put together
significantly more than 50% of the value of Borland (150m of 242m total).
Since he didn't get it one way, maybe he is about to try another.
Brent S.
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

Brian Moelk writes:
Quote
>>"Deploy"? What does that encompass- is that essentially the old
>>CORBA and AppServer stuff or is there more to it than that?
>
>Visibroker

Where does Interbase fit in?
"Deploy" has been superceded by "Application Middleware":
www.borland.com/us/products/middleware/index.html
--
Craig Stuntz [TeamB] . Vertex Systems Corp. . Columbus, OH
Delphi/InterBase Weblog : blogs.teamb.com/craigstuntz
All the great TeamB service you've come to expect plus (New!)
Irish Tin Whistle tips: learningtowhistle.blogspot.com
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

"Brian Moelk" wrote
Quote

IMO, Borland should publicly deny Coates' claim.
There are multiple claims, most of which are meaningless as 'facts':
"The company has recently transferred many of its dedicated and hard working
Delphi and Deploy developers"
How would Coates know this? How many is "many"? And if they came from a
soon-to-be EOL product, then what's bad about keeping your known good
employees around by transferring them to newer products? Coates is spinning
an absolutely standard business practice here (align the workforce) as if it
were something horrible. Without details, there's nothing to deny here,
because without details, it is little more than a charge that the company is
alive.
"a chilling effect on morale at the Delphi and Deploy groups"
This doesn't even make sense. Why would reaasignment of middleware
developers hurt morale in the Delphi group? If anything, seeing my company
work hard to reassign folks in closing divisions to expanding divisions
would make me feel good. Again, this is all spin--there's no real fact here
to dispute. What should Borland do--issue a "Morale is high" press release?
That would just look silly.
"top people have already resigned,"
Personnel turnover is a constant reality in any business. Without names and
specific statements of reason, there's nothing here to deny--it's all spin.
"others have offers for employment elsewhere"
I don't really think it would be hard for any member of the Delphi team to
find a new job, no. So what?
bobD
 

Re: Coates to buy Delphi? but... Delphi HAS value for Borland...

Hi Bob,
Quote
"top people have already resigned,"

Personnel turnover is a constant reality in any business. Without names and
specific statements of reason, there's nothing here to deny--it's all spin.
Let's hope so... I would hate to see the team split-up...
Quote
bobD
Groetjes,
Bob Swart (aka Dr.Bob - www.DrBob42.com)
--
Bob Swart Training & Consultancy (eBob42) - Borland Technology Partner
Delphi 2005 PDF manuals available from www.drbob42.com/training