Computer Associates Inc

CA Inc., a security and storage software maker, sold its MultiGen-Paradigm Inc. unit to Irvine-based investment company Parallax Capital Partners. Terms weren't disclosed. MultiGen-Paradigm makes 3D simulation systems for training U.S. soldiers and pilots for Boeing Co. and NASA, the companies said. CA, formerly Computer Associates International Inc., is based in Islandia, N.Y. MultiGen-Paradigm, based in San Jose, will have an office in Plano, Texas, Parallax said.

After waiting two years for their share of the $225-million restitution fund tied to a $2.2-billion accounting scandal, 88,444 CA Inc. shareholders were told this week that they had to return about 20% of their payment because of a math error. And 2,000 shareholders mistakenly got no money. The U.S. District Court in Brooklyn said return of the overpayments was mandatory. The $59.2-million error was the result of a mistake by a firm working for the court-appointed fund administrator.

A federal probe of accounting practices at Computer Associates International Inc. may be more extensive than the software company has acknowledged, according to a lawyer for several former employees. Computer Associates, based in Islandia, N.Y., has said that the investigation by the Justice Department and the Securities and Exchange Commission focuses on a $1.1-billion executive compensation package and the company's method of booking revenue in 1998.

CA Inc., a security and storage software maker, sold its MultiGen-Paradigm Inc. unit to Irvine-based investment company Parallax Capital Partners. Terms weren't disclosed. MultiGen-Paradigm makes 3D simulation systems for training U.S. soldiers and pilots for Boeing Co. and NASA, the companies said. CA, formerly Computer Associates International Inc., is based in Islandia, N.Y. MultiGen-Paradigm, based in San Jose, will have an office in Plano, Texas, Parallax said.

Former Computer Associates International Inc. Chief Executive Sanjay Kumar pleaded not guilty to charges of securities fraud and obstruction of justice after a two-year investigation into accounting fraud at the company. Kumar's arraignment in U.S. District Court in New York came a day after the company agreed to pay $225 million to shareholders to settle charges it improperly booked $2.2 billion in revenue. The company's shares rose $1.57, or 6.2%, to $26.87 on the New York Stock Exchange.

Two former vice presidents at Computer Associates International Inc. agreed to pay fines to regulators and return bonuses they received for their part in a $2.2-billion accounting fraud at the Islandia, N.Y.-based company. David Kaplan will repay $128,770 in so-called ill-gotten gains and a $100,000 fine, according to a Securities and Exchange Commission filing. David Rivard will disgorge $83,700 and pay a $75,000 penalty. Both men are barred from serving as officers of public companies.

Business software maker BMC Software Inc. Wednesday said its fiscal first-quarter profit would fall well shy of Wall Street expectations because of weakness in its mainframe business. Shares of BMC fell 40% as it became the second major maker of enterprise software, or software designed to run business computer systems, to warn of weaker profits and revenues this week. Late Tuesday, Computer Associates Inc. warned that its profit would fail to meet expectations.

Shares of Symantec Corp. and other makers of anti-virus software fell Tuesday after Computer Associates International Inc. offered free security programs to some home users of personal computers. Computer Associates, based in Islandia, N.Y., said it would "aggressively promote" free one-year subscriptions for its eTrust EZ Armor package of programs to "qualified" users of PCs running Microsoft Corp.'s Windows operating system. The software sells for about $50.

Sanjay Kumar, Computer Associates International Inc.'s former chief executive, paid $3.7 million in 2003 to buy the silence of a businessman who threatened to report an improper transaction, a new indictment alleges. Kumar authorized the "consulting agreement" after company executives met the unidentified businessman in Hawaii, a meeting that took place while federal authorities were investigating the company, according to an indictment filed in Brooklyn, N.Y.

After waiting two years for their share of the $225-million restitution fund tied to a $2.2-billion accounting scandal, 88,444 CA Inc. shareholders were told this week that they had to return about 20% of their payment because of a math error. And 2,000 shareholders mistakenly got no money. The U.S. District Court in Brooklyn said return of the overpayments was mandatory. The $59.2-million error was the result of a mistake by a firm working for the court-appointed fund administrator.

CA Inc. agreed to buy Wily Technology of Brisbane, Calif., for $375 million in cash, stepping up its effort to grow through acquisitions. Closely held Wily makes programs that analyze problems in company software applications while they're running. New York-based CA was formerly known as Computer Associates.

Sanjay Kumar, Computer Associates International Inc.'s former chief executive, paid $3.7 million in 2003 to buy the silence of a businessman who threatened to report an improper transaction, a new indictment alleges. Kumar authorized the "consulting agreement" after company executives met the unidentified businessman in Hawaii, a meeting that took place while federal authorities were investigating the company, according to an indictment filed in Brooklyn, N.Y.

Two former vice presidents at Computer Associates International Inc. agreed to pay fines to regulators and return bonuses they received for their part in a $2.2-billion accounting fraud at the Islandia, N.Y.-based company. David Kaplan will repay $128,770 in so-called ill-gotten gains and a $100,000 fine, according to a Securities and Exchange Commission filing. David Rivard will disgorge $83,700 and pay a $75,000 penalty. Both men are barred from serving as officers of public companies.

Former Computer Associates International Inc. Chief Executive Sanjay Kumar pleaded not guilty to charges of securities fraud and obstruction of justice after a two-year investigation into accounting fraud at the company. Kumar's arraignment in U.S. District Court in New York came a day after the company agreed to pay $225 million to shareholders to settle charges it improperly booked $2.2 billion in revenue. The company's shares rose $1.57, or 6.2%, to $26.87 on the New York Stock Exchange.

Shares of Symantec Corp. and other makers of anti-virus software fell Tuesday after Computer Associates International Inc. offered free security programs to some home users of personal computers. Computer Associates, based in Islandia, N.Y., said it would "aggressively promote" free one-year subscriptions for its eTrust EZ Armor package of programs to "qualified" users of PCs running Microsoft Corp.'s Windows operating system. The software sells for about $50.

A federal probe of accounting practices at Computer Associates International Inc. may be more extensive than the software company has acknowledged, according to a lawyer for several former employees. Computer Associates, based in Islandia, N.Y., has said that the investigation by the Justice Department and the Securities and Exchange Commission focuses on a $1.1-billion executive compensation package and the company's method of booking revenue in 1998.

CA Inc. agreed to buy Wily Technology of Brisbane, Calif., for $375 million in cash, stepping up its effort to grow through acquisitions. Closely held Wily makes programs that analyze problems in company software applications while they're running. New York-based CA was formerly known as Computer Associates.

Business software maker BMC Software Inc. Wednesday said its fiscal first-quarter profit would fall well shy of Wall Street expectations because of weakness in its mainframe business. Shares of BMC fell 40% as it became the second major maker of enterprise software, or software designed to run business computer systems, to warn of weaker profits and revenues this week. Late Tuesday, Computer Associates Inc. warned that its profit would fail to meet expectations.