Borland Software Corporation To Delay Filing Form 10-K
CUPERTINO, Calif. - Mar 31, 2006 : Borland Software Corporation (NASDAQ:BORL) ("Borland"), the global leader for Software Delivery Optimization (SDO), announced today that the filing of its Form 10-K for the year ended December 31, 2005 (the "2005 Form 10-K") will be delayed. Borland’s audit committee is currently conducting a review, with the assistance of outside advisors, of third party contractor liabilities and other accrued expenses, and a potential customer refund obligation. In addition, Borland is continuing to assess whether any control deficiencies exist which, either individually or in combination, constitute a material weakness in the Company’s internal controls over financial reporting as of December 31, 2005. Borland and its audit committee are working diligently to complete the review and to finalize and file the 2005 Form 10-K as promptly as possible.