March 30, 1999 |
Computer Associates International Inc., tightening its grip on the corporate software market, said Monday that it would buy smaller rival Platinum Technology International Inc. for $3.5 billion in one of the biggest deals ever in the software industry. Computer Associates, which is renowned for its 20-year practice of swallowing up weaker rivals, said it would pay $29.25 a share in cash for Platinum, or just over triple the value of Platinum's closing share price Friday of $9.
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.
May 4, 1999
Platinum Software Corp., which was sued last year by an Illinois company with a similar name, said Monday that it has changed its name to Epicor Software Corp. The Irvine-based business software developer said that its Nasdaq stock symbol will be changed to EPIC effective today. Platinum Software was sued by Platinum Technology International Inc., which claimed a trademark right to use of the "Platinum" name.
April 24, 2002 |
Computer Associates International Inc. has agreed to pay the U.S. government $638,000 to settle charges it violated pre-merger rules when it struck a deal in 1999 to buy Platinum Technology Inc., the two sides said. The Justice Department sued the world's No.
July 10, 2002 |
Computer Associates International Inc. said in a lawsuit that rival Quest Software Inc. of Irvine is making business software with a source code stolen from a company Computer Associates bought. Quest and four former employees of Platinum Technology International Inc. are accused of copyright violations and theft of trade secrets in a lawsuit filed in U.S. District Court in Chicago. A Quest spokeswoman said company lawyers were reviewing the suit. Islandia, N.Y.
September 23, 1999
* CarsDirect.com, a Sherman Oaks-based online automobile retailer, has named Gerald Popek chief technology officer. He comes from Platinum Technology Inc., of Oak Brook, Ill., where he was also chief technology officer. * Special Devices Inc., a Moorpark-based designer and manufacturer of precision-engineered pyrotechnic devices for the aerospace and automotive industries, has named Thomas W. Cresante as its chief executive. He will replace CEO George A.