Finally a response from CA...standard stuff.....
Thursday July 30, 4:16 pm Eastern Time
Company Press Release
Computer Associates Says Class Action Lawsuits are Without Merit
ISLANDIA, N.Y.--(BUSINESS WIRE)--July 30, 1998--Computer Associates International, Inc. (CA) intends to vigorously defend against shareholder class actions filed against the company and three of its senior executives. ''The allegations in this litigation are wholly without merit,'' said Steven M. Woghin, CA senior vice president and general counsel. ''Unfortunately, class action lawyers tend to react automatically and in their own self-interest whenever a company's stock price falls, rather than pause to consider the true facts. Computer Associates has prevailed when faced with similar claims in the past, and we are quite confident that the legal system will establish that the conduct of all involved in this case was entirely proper.''
Computer Associates International, Inc. (NYSE: CA - news), with headquarters in Islandia, N.Y., is the world leader in mission-critical business software. The company develops, licenses and supports more than 500 integrated products that include enterprise computing and information management, application development, manufacturing and financial applications. CA has over 11,000 people in 160 offices in 43 countries and had revenue of $4.7 billion in fiscal year 1998. CA can be reached by visiting cai.com, emailing info@cai.com, or calling 1-516-342-5224.
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Contact:
Bob Gordon, Public Relations
516-342-2391 or
bobg@cai.com
or
Doug Robinson, Investor Relations, |
