Borland's Kahn resigns as president and CEO; Wetsel to lead restructuring
Article Abstract:
Borland International Corp Pres and CEO Philippe Kahn resigns in the first stage of a reorganization effort that industry analysts give only a fair chance of saving the software company from bankruptcy. Kahn, 42, founded Borland in 1983, and made a mark in the database productivity market, in part through his aggressive marketing and price-cutting tactics. Amidst mounting criticism, however, Kahn diffused the database vendor's energies in a wide range of products. He was also criticized for an eccentric management style as well as his construction of a $100 million corporate headquarters. His replacement will be Gary Wetsel, a seasoned Chief Financial Officer (CFO). Wetsel faces a number of challenges. He is expected to reduce the Borland work force by about a third, must contend with a $60 million lawsuit by Lotus Development Corp, and anticipates the posting of losses totalling about $22 million for the troubled company's third and fourth fiscal quarters.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
SAP's top U.S. official, Wahl, resigns to join TriStrata Security
Article Abstract:
SAP AG executive Paul Wahl is leaving the German software company to lead start-up TriStrata Security, according to insiders. Wahl, CEO of SAP's US operations since 1996, has drawn praise for helping to establish the company as a significant corporate-software force in the US. His announcement surprised many at SAP and in the industry, but analysts do not expect SAP's day-to-day operations to change. Redwood Shores, CA-based TriStrata Security since 1993 has been developing technology that protects Internet financial transactions. The 46-year old Wahl guided the US subsidiary to 44% of SAP's $3.9 billion marks ($2.2 billion) in 1st half 1998 sales. The unit's overall 1997 sales of 2.6 billion marks represents an 87% increase over 1996 sales. Wahl also contributed to the development of SAP's leading R/3 product.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Sybase's Kertzman to run spinoff of rival Oracle
Article Abstract:
Network Computer Inc. gains a CEO and Sybase Inc. loses a chairman as Mitchell Kerzman takes the top spot at the Redwood Shores, California, Internet software firm. NCI's biggest stockholders are Oracle Corp. and Netscape Communications. Oracle is a competitor of Sybase. Kerzman's move to the new firm came as a surprise. Once a Boston rock DJ, Kerzman started a software company called Computer Solutions in 1974, refocused and renamed it Powersoft Corp., and sold it to Sybase for about $904 million in 1995. NCI has visions of competing with Microsoft on a serious level. Kerzman may be just the person to make that happen.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Bell Atlantic to drop AT&T in video project. Disney and 3 Bells forming video venture. Three Baby Bells, Disney may link up to market and deliver video programs
- Abstracts: Intel earnings decine 37% on charge for Pentium flaw. Sales of high-end chips help Intel beat estimates. Intel earnings do not meet expectations
- Abstracts: GOP senators expect to introduce plan for Bells to offer long-distance service. Telecom deregulation spawns rival bills; House committees differ on Justice Agency role in Baby Bells' future