Posted on 04/24/2006 10:30:21 AM PDT by Blue Jays
By William M. Bulkeley & Paul Davies April 24, 2006 12:59 p.m.
Sanjay Kumar, former chief executive officer of Computer Associates International Inc., is expected to plead guilty to financial fraud charges later today. People familiar with the situation said Mr. Kumar and his co-defendant Stephen Richards, a former top sales executive, will appear in U.S. District Court in Brooklyn today at 2 p.m. Details of the expected guilty pleas weren't immediately available. Lawyers for Messrs. Kumar and Richards couldn't be reached for comment.
Once the protégé of CA founder Charles Wang, Mr. Kumar joined the company in 1987 and took over as CEO in 2000, promising to improve customer relations and the company's accounting. He was forced to step down in early 2004 as accounting irregularities came to light.
Prosecutors accused Mr. Kumar of helping to orchestrate a widespread fraud and then lying to cover it up. They claimed Mr. Kumar himself flew to Paris to backdate one contract and later destroyed potential evidence by erasing his laptop's hard drive after the government began its investigation...
(Excerpt) Read more at online.wsj.com ...
Sorry, I thought this was the guy who was looking for White Castle with Harold.
Sanjay Kumar is likely going to have problems almost as significant as poor arterial health once the dust settles in the courtroom. He is probably going to cool his heels in prison for a few months. Perhaps they'll stick him in the same cell as Kenneth Lay since they were both ripping-off stockholders!
~ Blue Jays ~
Seriously who was using their junk by 2000?
What was the last software product actually built by CA?
The last software tool built by CA and not acquired from someone else was probably a mainframe application like CA-SORT or something like that from decades ago.
~ Blue Jays ~
Mainframe stuff never dies. It's in use lots of places.
I don't understand the comment about the "last software product". They actively sell products for various platforms even now. Total revenue in 2005 was $3,500 million, up from the previous year.
OK, I didn't realize people were contrasting acquired product lines to developed ones.
When I worked for CA years ago, their corporate motto was "Software Superior By Design." However, since their primary activity was gobbling up other companies and stripping them down, we preferred "Software Superior By Acquisition."
I've heard people tell me they use their antivirus and backup software.
The mainframe is as healthy as ever due to its supreme stability and reliability. It isn't going anywhere anytime soon.
Computer Associates (CA) just has a nasty habit of acquiring decent companies, terminating their people, beating these new customers over the head for maintenance payments...and then CA doesn't enhance the software. It is their classic storyline repeated many times over.
~ Blue Jays ~
Yeah, I heard that many times from the mainframe administrators. I was on the Digital minicomputer side and we managed to avoid the Polycenter/Unicenter stuff although it was certainly pitched to us.
That works at the individual retail consumer level. The CA enterprise-version antivirus, backup, and restore software tools have been thoroughly thrashed by the marketplace for poor performance.
They should stick to the mainframe applications and maybe some of their enterprise management tools. They're way out of their league with regard to security and storage software.
~ Blue Jays ~
Remember the old Polycenter/Unicenter wrap-up stuff! They tried to "sell" that tool and then "give" the mainframe maintenance for free. What a hoot it was back then!
Hmmmmm. I'm going with SuperCalc, the Lotus 1-2-3 ripoff that like Lotus, eventually succumbed to the Bill Gates Office/Excel death grip.
Thyey recently acquired Ilumin, an email archiving software company. I don't know how good it is.
We'll have to see how the Ilumin software is integrated. CA made a huge and utter mess of the Cheyenne Software tools like ARCserve and FAXserve they everyone used to love.
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