Inprise reported net revenues of $48.1 million for its fiscal fourth quarter, a decrease of 3 percent compared with the same period a year ago, and announced job cuts.
The computer software maker said it will cut 190 jobs, or
20 percent of its workforce, as it restructures into two
Inprise said it will take an undetermined first-quarter
charge to pay for severance packages and also to write down the
value of office buildings that it owns at its Scotts Valley,
The company, formerly known as Borland, is splitting into two divisions, Inprise and borland.com. The Inprise division will make software that helps
different computer systems communicate better.
division will offer an Internet site where subscribers can find
information about a variety of software and buy products made by
Inprise and other companies.
For the quarter, the company
recorded net income of $3.5 million, a 379 percent gain compared with net income of $730,000 during the same
quarter a year ago.
Bloomberg contributed to this report.