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SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

## FORM 8-K

CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934

Date of report (Date of earliest event reported): February 11, 2004

|Borland Software Corporation                      
|--------------------------------------------------
|                                                  
|(Exact Name of Registrant as Specified in Charter)

|Delaware                                       |  | 0-16096                  |  | 94-2895440                       
|---------------------------------------------- |  | ------------------------ |  | ---------------------------------
|                                               |  |                          |  |                                  
|(State or Other Jurisdiction of Incorporation) |  | (Commission File Number) |  | (IRS Employer Identification No.)

|100 Enterprise Way, Scotts Valley, California 95066-3249                      
|------------------------------------------------------------------------------
|                                                                              
|(Address of Principal Executive Offices)                            (Zip Code)

Registrants telephone number, including area code: (831) 431-1000

|                                                             
|-------------------------------------------------------------
|                                                             
|(Former Name or Former Address, if Changed Since Last Report)

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| | Item 5. | Other Events. | 
| | ------- | ------------- | 

| | On
February 11, 2004, the Board of Directors of Borland Software Corporation, a Delaware
corporation (Borland or the Company), authorized an increase to
the Companys discretionary stock repurchase program of $30 million (the Discretionary
Plan). The shares to be repurchased under the Discretionary Plan are an expansion
to the $30 million share repurchase program previously authorized by the Borland Board of
Directors (the Board) on September 17, 2001 which provides the Company the
ability to repurchase shares at prevailing market prices in private, as well as open
market, transactions. The shares to be repurchased under the Discretionary Plan are in
addition to the $15 million share repurchase program previously authorized by the Borland
Board on August 5, 2003 and which is subject to a written plan adopted pursuant to Rule
10b5-1 under the Securities Exchange Act of 1934, as amended. After giving effect to the
announced increase to the Discretionary Plan, approximately $45 million in the aggregate
remains available for future purchase under Borlands stock repurchase programs. | 
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

| | A
copy of the press release issued on February 11, 2004 announcing the authorization of the
increase to the Discretionary Plan is attached hereto as Exhibit 99.1 to this Current
Report and is incorporated herein by reference. | 
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

| | Item 7. | Financial Statements, Pro Forma Financial Information and Exhibits. | 
| | ------- | ------------------------------------------------------------------- | 

| |  | (c) | Exhibits
| |  | --- | --------

| |  | 99.1 | Press Release of Borland Software Corporation dated February 11, 2004.
| |  | ---- | ----------------------------------------------------------------------

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SIGNATURES

| | Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized. | 
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

| |  | BORLAND SOFTWARE CORPORATION | 
| |  | ---------------------------- | 

| | Date: February 12, 2004 | By: /s/ TIMOTHY J. STEVENS                       | 
| | ----------------------- | ------------------------------------------------ | 
| |                         |                                                  | 
| |                         | Name: Timothy J. Stevens                         | 
| |                         | Title: Senior Vice President and General Counsel | 

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INDEX TO EXHIBITS

| | Exhibit Number |  | Description                                                            | 
| | -------------- |  | ---------------------------------------------------------------------- | 
| |                |  |                                                                        | 
| | 99.1           |  | Press Release of Borland Software Corporation dated February 11, 2004. |