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Lounge
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| TampaFla |
06-07-2007 12:01 PM |
Computer Associates Int.
In 1999, I was offered a "discount" of $2million on a Federal contract.. I reported that to the Justice Dept. They waited 4 yrs. The stock fell from $60/share to $8.60/share. Today I see that the Corporation's Officers have (New YorkTimes 2007---Computer Associates Int.) been convicted." That seems fair.............but I wonder about the stockholders while the Justice Dept. was iidle.
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| CobraEd |
06-08-2007 10:08 AM |
Computer Associates is the "BORG" of the IT world. They take nice viable companys, and assimilate them into CA with ZERO support until all of the revenue stream is exhasted. Then they move on.
Other than that, they are a great company :rolleyes:
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| Jay Little |
06-12-2007 07:11 AM |
Quote:
Originally Posted by CobraEd
Computer Associates is the "BORG" of the IT world. They take nice viable companys, and assimilate them into CA with ZERO support until all of the revinue stream is exhasted. Then they move on.
Other than that, they are a great company :rolleyes:
.
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Are you referring to the company that markets the Anti Virus products? |
| rdorman |
06-12-2007 07:22 AM |
Quote:
Originally Posted by CobraEd
Computer Associates is the "BORG" of the IT world. They take nice viable companys, and assimilate them into CA with ZERO support until all of the revinue stream is exhasted. Then they move on.
Other than that, they are a great company :rolleyes:
.
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'
Nailed it. :) |
| TampaFla |
06-12-2007 07:44 AM |
They make most of their money in mainframe software. The scheme involved bonuses paid to the chief executives for keeping the stock prices above $60/share for 6 consecutive quarters (as I recall, the CEO got $350 million). Problem was that to keep the stock at that price, they inflated (by $1.7 billion) how much money they were earning (they had help, some of it from Federal Government Contracting Officers who received large price discounts in return). The FBI and the SEC were both aware that it was going on as early as 1999 but waited until 2003 to take any action (only when the Press and the stockholders started hounding them).
Once the bonuses were paid in 2000, the Company restated it's earnings and the stock fell from $60+ to $8/share.
The CFO just went to jail, the papers say the CEO might be next.
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| rdorman |
06-12-2007 08:23 AM |
We have Endevor, CA-11 and a variety of their 'products' that I work with every day. After the decision was made to purchase Endevor, I was on the team establishing requirements. After the initial meeting with the CA installer I was less then impressed. In the end though he was top drawer and the product works but I still would not have bought it myself. Hearing this just makes me more justified in not wanting it in the first place. However, with over 10,000 programs, we needed something!It has helped us keep our release time down to minutes in the prod system with no outage and near zero interuption (move the load and bind... done). Unlike the stupid people soft upgrade whose system has been down for over a week!
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| 427 S/O |
06-12-2007 11:22 AM |
The company I worked for purchased SAP, like you rdorman, I was not impressed. My particular requirements required add on's which were not available.
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| rdorman |
06-12-2007 11:26 AM |
To make matters worse, we also have Install/1. Getting the two to work together took months and months.
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