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To: David Lawrence who wrote (5187)	10/10/2003 1:35:30 PM
From: TEDennis	Respond to of 5232

re: They buy software that's relatively mature in its life cycle, repackage it with something else, cut development expenses to the bone (maintenance mode) or even zero (WYSIWYG), discount it and milk the recurring revenue stream for the remainder of its life. Now, THAT's the CA we all know and "love". TED

To: David Lawrence who wrote (5187)	10/10/2003 4:54:39 PM
From: Mark Marcellus	Respond to of 5232

It's really quite simple. They by software that's relatively mature in its life cycle, repackage it with something else, cut development expenses to the bone (maintenance mode) or even zero (WYSIWYG), discount it and milk the recurring revenue stream for the remainder of its life. I understand that, I just don't think the profits there were as big, or as real, as they would have us believe. Not to mention that CA is no longer going to be able to use overpriced stock to acquire new victims. My own opinion is that they are nothing more than a roll up, but time will tell.

To: David Lawrence who wrote (5187)	4/9/2004 9:08:30 AM
From: TEDennis	Read Replies (2) \| Respond to of 5232

re: I think CA is in decline, just like their products. But it's a slow death, with little chance of an Enron- or WorldCom-like fakery. Wanna' rethink that last phrase? Note this major faux-paux from Associated Press ... Former chief financial officer Ira Zar, the third-highest-ranking executive after former chairman Charles B. Wang and current chairman and chief executive Sanjay Kumar, pleaded guilty to securities fraud and conspiracy to commit securities fraud and obstruct justice. biz.yahoo.com Charles and Sanjay haven't pleaded guilty (yet). As far as I know, they haven't been charged with anything (yet). Those who pleaded guilty were "two former senior vice presidents for finance, David Rivard and David Kaplan. Zar faces as much as 20 years in prison. The other two face 5 years for each of the two charges, according to Reuters." TED