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Borland Expects Loss for Fiscal 3rd Quarter

December 12, 1996|Times Staff and Wire Reports

Software company Borland International Inc. said it expected to report an operating loss for the current quarter. The Scotts Valley-based company said it expected a loss of 52 cents to 62 cents a share on revenues of $33 million to $36 million for its fiscal third quarter ending Dec. 31. In the same quarter a year ago, Borland reported a profit of $849,000, or 3 cents per share, on revenues of $47.3 million. Borland attributed the loss to not shipping any new products in the quarter and slowing sales of existing, mature products as customers anticipate upcoming and previously announced product releases. Borland shares lost 6.25 cents to close at $6.875 on Nasdaq.

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