Borland Software to cut work force by 300 employees.

I hope this lay off didn't affect the former Segue company employees and Borland will continue to work on Silk Test improvement and soon we would be able to evaluate and buy a new enhanced version of Silk Test.

Struggling Borland Software Corp. on Wednesday announced plans to lay off 300 employees, or about 20 percent of its work force, in a cost-cutting move aimed at reversing the company's recent losses.

Now Borland is trying to bounce back again after losing $29.8 million in 2005. The company widened the loss Tuesday from a previously reported $28.5 million after concluding that inadequate oversight over its accounting practices had caused some invoices to be improperly recorded in its financial statements.

Borland also restated its third quarter-results, widening its third-quarter loss to $5.3 million -- $446,000 higher than the company previously reported.

The headaches have discouraged investors. The company's stock price has plummeted by nearly 60 percent since the end of 2004. Borland's shares ( BORL )fell 6 cents to $4.94 during Wednesday's trading on the Nasdaq Stock Market.

Silktest Question 5 : Why did Borland buy Segue?

Nielsen, Borland's president and chief executive officer said

Segue’s quality optimization products and services will add significantly to our growing portfolio of application lifecycle management solutions. This is a natural extension of our focus to expand beyond development and into software delivery, helping companies increase business value through successful software initiatives.

The decision to expand our emphasis on applicaion lifecycle management, and at the same time enable our IDE business to get the attention it deserves, enables us to do what’s right for our business, what’s right for our customers, and what’s right for the future of software development.

The Segue had suite of industry-leading products include automated tools for:

• Test Management to provide a process-driven approach for planning, documenting and managing the entire testing process
• Functional & Regression Testing to verify your application's ability to accurately address all requirements from build to build
• Load, Stress & Performance Testing to maximize your application's performance, scalability and reliability by simulating real-world conditions before it goes live
• Application Performance Management to to evaluate end-user experience and service-level fulfillment of your live application 24x7x365