October 1, 2001 |
Computer Associates International Inc. and Platinum Technology International Inc. are accused in a Justice Department lawsuit of illegally fixing prices when they stopped competing before getting approval to combine the companies. The government maintains that the companies broke the law by agreeing to limit discounts offered to customers before the approval, a practice called gun-jumping. Computer Associates bought Platinum Technology in 1999 for $3.5 billion. The federal lawsuit seeks $1.
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.