Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicLog In
First Eagle Fund Initiated A Position In Borland Software Corporation
Posted by: guruek (IP Logged)
Date: July 10, 2009 09:12AM

(GuruFocus, July 10, 2009 ) First Eagle Fund, which Investment Guru Jean-Marie Eveillard managed for nearly 30 years through March 2009, is buying new shares of Borland Software Corporation (BORL) , GuruFocus Data shows. On July 7, 2009, First Eagle bought 3.8 million shares of Borland Software Corporation (BORL) at the price of $1.53 per share.

In March 2009, Jean-Marie stepped down and became an advisor to the fund.

Borland Software Corporation provides e-business implementation platforms designed to increase developer productivity and reduce time to market for enterprise software projects. Borland Software Corp. has a market cap of $94.8 million; its shares were traded at around $1.54 with and P/S ratio of 0.5.

On May. 13, 2009, Borland Software Corporation announced financial results for the first quarter ended March 31, 2009. Borland had a total revenue of $35.1 million and GAAP net income of $1.9 million, or $0.03 per share for the quarter.

“In the first quarter we exceeded our guidance, achieved GAAP profitability, and continued to strengthen our balance sheet,” said Erik Prusch, president and CEO of Borland. “We are pleased with our year-to-date progress, and our accomplishments represent tangible evidence of Borland’s continued commitment to execution, innovation and customer value.”

GuruFocus provides Real Time Guru Picks and Insider Buys/Sells information for Premium Member. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.

Guru Discussed: Jean-Marie Eveillard: Current Portfolio, Stock Picks
Stocks Discussed: BORL,
Rate this post:

Rating: 2.8/5 (6 votes)

Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat