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Technology Stocks : Computer Associates -- Ignore unavailable to you. Want to Upgrade?

To: Chris Anderson who wrote (2995)	10/20/1998 11:46:00 PM
From: Wigglesworth	Respond to of 5232

WSJ: Strength From Unicenter Line Helps CA Top Street Forecasts An INTERACTIVE JOURNAL News Roundup Computer Associates International Inc. reported net income for its latest period late Tuesday that topped analysts' estimates, citing significant growth from its Unicenter TNG line and its client/server business. For the second fiscal quarter ended Sept. 29, the Islandia, N.Y., software giant reported net income of $293.9 million, or 52 cents a share, compared with $271.9 million, or 48 cents a share, in the year-ago quarter. Company Profile: Computer Associates That topped the consensus estimate of analysts surveyed by First Call for net income of 48 cents a share. Revenue, meanwhile, rose to $1.22 billion from $1.12 billion in the year-ago quarter. CA said its Unicenter TNG product line and client/server business continued to show significant growth during the quarter. For the first time, the company said, client/server products now account for 50% of total revenue. Sanjay Kumar, CA's president and chief operating officer, said in a statement that the company's business fundamentals are strong, with North America representing more than half of the company's revenues. "We're confident that the demand and need for our products and services remains strong and CA will continue to strive to show excellent growth for shareholders over the longer term," he said. Separately, the company's board approved the repurchase of an additional 36.9 million common shares, or a total of 149.4 million shares in the open market. CA previously authorized 112.5 million shares under this program. The company said in a press release that it had repurchased 136 million shares through Sept. 30. As of that date, it had about 550 million shares outstanding.

To: Chris Anderson who wrote (2995)	10/21/1998 9:47:00 AM
From: Mike 2.0	Read Replies (1) \| Respond to of 5232

Agree with all points of your message. Now if only someone would post on the TMO thread (another screaming tech value buy but anyway). I am so sick of corresponding with the, uh, "Yahoo's" on the Yahoo thread You and me both! <Rainman voice>: "Yahoo sucks." I'd rather post on misc.invest.stocks! Later...Go CA....