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Computer Associates International Inc

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BUSINESS
June 23, 1998
* Computer Associates International Inc. named Treasurer Ira Zar its chief financial officer, replacing Peter Schwartz, who is retiring at age 54 to spend more time with his family.
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BUSINESS
June 15, 2004
Computer Associates International Inc. restated revenue for the first three quarters of this fiscal year, adding to the $2.2 billion the software company has restated since uncovering misreported sales dating back to 2000. Revenue in the nine months ended Dec. 31 was cut to $2.43 billion from $2.44 billion.
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BUSINESS
May 9, 2000
Computer Associates International Inc. said it will report fiscal fourth-quarter earnings a week later than expected, on May 18, sending its shares down $6.19 to close at $46.88 on the NYSE. The company said it needs more time to analyze results from two companies acquired during the year: Platinum Technology International Inc. and Sterling Software Inc.
BUSINESS
July 28, 2001 | ILAINA JONAS, REUTERS
Texas billionaire Sam Wyly said Friday that he has stepped down as chairman of arts and crafts chain Michaels Stores Inc. to devote more time to his fight for control of software maker Computer Associates International Inc. and his family's hedge fund business. Wyly plans to devote more time to meeting with his investors and carrying on his campaign to take control of the board of Computer Associates, the world's No.
BUSINESS
March 2, 2002
Moody's Investors Service cut Computer Associates International Inc.'s debt rating to two notches above "junk" status and expressed concern over the software maker's ability to generate cash and refinance debt as it fights off government probes. Computer Associates shares rose 62 cents to $16.90 on the NYSE.
BUSINESS
February 27, 1998
El Segundo-based Computer Sciences Corp.'s board will meet today, its first session on how it will advise shareholders to respond to Computer Associates International Inc.'s $9.8-billion hostile takeover bid. CSC rejected the bid last week, prompting Computer Associates to begin a tender offer. CSC contends the price is too low and the combination would hurt business. Computer Associates has been courting CSC investors. CSC's board said it expects to disclose its recommendation by Monday.
BUSINESS
March 17, 1998
Computer Associates International Inc.'s $9.8-billion tender offer for El Segundo-based Computer Sciences Corp. expired at midnight, ending the software maker's hostile attempt to add computer services to its business. Islandia, N.Y.-based Computer Associates terminated its bank commitments to finance its $108-a-share cash offer a week ago. It said it allowed the offer to expire because the likelihood of a protracted battle would hurt both companies. CSC declined to comment.
BUSINESS
November 5, 1992 | From Times Staff and Wire Reports
Former Executive Settles Insider-Trading Charge: Ettore Petrini, a former executive at New York-based Computer Associates International Inc., agreed to pay nearly $500,000 to settle civil insider-trading charges, the Securities and Exchange Commission said. Petrini agreed to repay $239,500 in alleged illegal profit and $239,500 as a penalty.
BUSINESS
July 9, 2001 | ILAINA JONAS, REUTERS
Computer Associates International Inc. executives said Sunday that Sam Wyly's battle for control of the world's No. 4 software maker is a waste of time and opportunistic, draining their attention away from daily business when U.S. technology spending founders. "It's unfortunate that this is happening at this time," Computer Associates Chairman Charles Wang told an audience of customers attending the CA World conference in Orlando, Fla. "The timing obviously is not very good."
BUSINESS
May 9, 2000
Computer Associates International Inc. said it will report fiscal fourth-quarter earnings a week later than expected, on May 18, sending its shares down $6.19 to close at $46.88 on the NYSE. The company said it needs more time to analyze results from two companies acquired during the year: Platinum Technology International Inc. and Sterling Software Inc.
BUSINESS
January 27, 2000 | Reuters
Computer Associates International Inc., the No. 3 U.S. software supplier, and Red Hat Inc., a distributor of Linux software, said they entered a sales and distribution pact that gives Linux more credibility in business software management. Under the agreement, Red Hat will distribute CA's business management software with its Red Hat Linux Enterprise Edition series. In turn, CA's sales force will sell Red Hat's business support agreements to its Unicenter TNG clients.
BUSINESS
November 10, 1999 | ARIANA EUNJUNG CHA, WASHINGTON POST
A Delaware judge acting in a shareholder suit Tuesday cut in half a $1.08-billion stock bonus package paid last year to three top officers of the nation's third-largest software maker, Computer Associates International Inc.
BUSINESS
September 9, 1999 | Bloomberg News
Computer Associates International Inc. said Wednesday it has identified a new computer virus named "Cholera" that has the potential to overwhelm e-mail systems and block computer users from opening files. The virus, which hasn't yet been reported to have infected any computers, is designed to overwhelm e-mail networks by sending messages to all the addresses in an infected computer's hard drive and prevents users from opening files stored in infected directories, the software maker said.
BUSINESS
June 23, 1998
* Computer Associates International Inc. named Treasurer Ira Zar its chief financial officer, replacing Peter Schwartz, who is retiring at age 54 to spend more time with his family.
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