Company says revenues are falling short Borland Software CEO Dale Fuller has stepped down, to be replaced on an interim basis by Executive Vice President and COO Scott Arnold.The Fuller resignation, announced late on Thursday afternoon, comes on a day when the company announced preliminary financial results that would have the company registering a net loss per share of 24 cents for the second quarter that ended June 30. Quarterly revenues are expected to be in the range of $65 to $67 million, with license revenue of $37 million to $39 million. Previous guidance had the company with total revenues of $70 million to $73 million.The company cited a weaker-than-expected environment, particularly in Europe. Additionally, deployment products fell short of expected license revenues. Fuller, who has served for six years, will continue to serve as a member of the Borland Board of Directors. An executive committee has been formed to begin the process of a naming a new CEO.Borland Chairman William K. Hooper released this prepared statement: “I would like to thank Dale for his six years of service and his leadership during the initial stages of Borland’s transition. While we are disappointed with the second quarter results, we continue to see positive developments in demand for the company’s ALM (application lifecycle management) products and customer success in Borland’s largest ALM implementations. The Board of Directors has confidence in Scott Arnold and the executive team’s ability to manage the near-term challenges in the business and better position Borland to realize the potential of the application lifecycle management market.”Borland has been seeking to reinvent itself of late with its ALM platform, dubbed its “Software Delivery Optimization” portfolio. While providing development tools for both the .Net and Java development camps, the company nonetheless has witnessed the commoditization of the Java IDE precipitated by the free Eclipse open source IDE, meaning Borland’s commercial JBuilder product would have to compete with Eclipse. Borland also has hopped on the Eclipse platform. Revenues for the fiscal year that ended on December 31, 2004, were $309.5 million, with net income of $11.4 million. In the previous year, revenues were $295.2 million. For the quarter ending on March 31, revenues were $71.3 million, with a net income of $3.7 million. Software Development