Borland Developer Tools Become CodeGear, nee DevCo, a Wholly Owned Subsidiary

Borland's Developer Tools Group, including the Delphi, C++, C#, and JBuilder tools and the Interbase database tools, have been spun off into a new company called CodeGear to be headed by Ben Smith (Byte's old tech editor?). Contrary to all previous reports, CodeGear will be a wholly owned subsidiary, not sold off.

While Alan Zeichick is skeptical about the confusion (and I share his dismissal of "ALM" as a market separate from the development tools market), I take a measure of hope in my April observation that "if Borland corporate saw a way for a self-sufficient company to keep the balance sheet in the black, it would be spinning the division out, not selling it off."