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Technology Stocks : Computer Associates
CA 25.070.0%Jul 19 12:00 AM EDT

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To: David Lawrence who wrote (5187)4/9/2004 9:08:30 AM
From: TEDennis  Read Replies (2) 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
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