Broadcom Buying CA For $19 billion (axios.com) 47
Broadcom on Wednesday announced plans to buy IT management software company CA for $18.9 billion in cash, just months after U.S. regulators blocked Broadcom's deal to buy fellow chip-maker Qualcomm.
Some history of CA, via CNBC reporter Ari Levy: 14 years ago CA was called Computer Associates. The former CEO was charged with securities fraud, conspiracy and obstruction of justice. The lead prosecutor was a Deputy Attorney General by the name James Comey. "The investigators in this case went up against highly sophisticated and allegedly corrupt corporate executives who used every means at their disposal to delay, deceive and derail the government's investigation," Comey said. "The Computer Associates story also includes a failed cover-up, replete with lies to government investigators, lies under oath, and the use of attorneys to obstruct and impede the government's investigation of this fraud," he said.
Some history of CA, via CNBC reporter Ari Levy: 14 years ago CA was called Computer Associates. The former CEO was charged with securities fraud, conspiracy and obstruction of justice. The lead prosecutor was a Deputy Attorney General by the name James Comey. "The investigators in this case went up against highly sophisticated and allegedly corrupt corporate executives who used every means at their disposal to delay, deceive and derail the government's investigation," Comey said. "The Computer Associates story also includes a failed cover-up, replete with lies to government investigators, lies under oath, and the use of attorneys to obstruct and impede the government's investigation of this fraud," he said.
CA (Score:5, Funny)
Oh, a software company. I thought California costs a little more.
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Broadcom is buying CA? That's less than informative. Even TFA doesn't spell it out.
California? Unlikely.
Canada? Even less likely.
Computer Associates? The AccPac people? Unlikely; what use would Broadcom have for accounting software?
The California Angels? Cycling Australia? Cocaine Anonymous?
<Looks back at TFS>
Wait, it really is Computer Associates? Why would anyone, never mind a communication chip company, want to buy that sh!tshow?
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I first read it as CIA. But then I realised Hillary already owns them.
Funny (Score:2)
I can't even remember the company but I recently spoke with a rep that was somewhat joking/somewhat complaining that they'd had several (3?) different owners in the last few years. They had just been bought by CA.
Elephant graveyard... (Score:4, Informative)
I always thought of CA as the place where old software goes to die, or at least be sold without any intent to improve or even support it
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I always thought of CA as the place where old software goes to die, or at least be sold without any intent to improve or even support it
True at some level. CA was willing to ride the income stream for many products of companies they purchased with only the most basic support. When I was involved with supporting systems in a company as soon as CA bought the company of one of the solutions we were using I started the plan to replace the product, for it was dead, dead, dead. And no longer true for a number of their newer offerings, where they absolutely invested in and supported development. Some of their products in those spaces were cons
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Yeah. My dad worked for a part of Texas Institutes that was sold to CA. He wasn't impressed. They reduced support for all the products and cut the staff allot. He made it through being the only person supporting OS2 and knowing allot of the mainframe stuff.
He said the culture went to hell with CA and then they got sold to someone else.
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I always thought of CA as the place where old software goes to die, or at least be sold without any intent to improve or even support it
Yep. CA bought up smaller, established, but failing software companies that had a market for at least one decent software title. They would then fire all of the developers and use the software titles as cash cows. wash, rinse, repeat. They made a decent business out of this strategy.
On one hand, you have to admire them for successfully using this strategy for so long. On the other had, it was always frustrating when a useful piece of software was bought up by CA as it meant that you would have to find
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Yep. CA bought up smaller, established, but failing software companies that had a market for at least one decent software title. They would then fire all of the developers and use the software titles as cash cows. wash, rinse, repeat. They made a decent business out of this strategy.
Yeah, so this fits in 100% with Avago....excuse me....Broadcom's normal strategy.
And nothing of value was acquired... (Score:3)
CA is where software is put to pasture and slowly dies. It seems like this is okay, but they will charge you quite a premium to use it until it finally keels over. Honestly, I can say that it is worth the effort o remove anything they have from your organization. Or move to another one if you can.
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Hooray, more mergers and acquisitions (Score:3)
California (Score:2)
I think it would not have broken the Internet to use the full name of the company. Did anyone else think they bought Califonia, at least for a millisecond?
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That's what I thought for 0.68 second, sir.
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Nah, it was clearly Canada
They are trying to get Drake!
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Did anyone else think they bought Califonia, at least for a millisecond?
Made sense, I figured the state was having a fire sale.
Newport Beach alone is worth more than that (Score:2)
Broadcom Buying CA For $19 billion
But financial analysts say that San Francisco, with its mounting urban problems, is dragging down the value of the rest of the state.
I worked there when it was Computer Associates (Score:1)
My first real job out of school was with Computer Associates when they were experimenting with high value web hosting for banks and major companies. It was a shit show.. and it's the only job I've ever quit without notice. Which I did because the guy I reported to was an actual sociopath who is (AFAIK) still doing time in California for fraud (for stuff he did after he left CA). The other leadership at that office was pretty incompetent too.. couldn't close deals.. and about 6 months after I left HQ ended
Now old tech will have to go to Symantec to die. (Score:1)
It's been shifting in that direction for a long time anyway.
amazing (Score:2)
i didn't know CA was run by such crooks, but that might explain their horrible, bug ridden, unusable, 'enterprise' software and the price they dare ask for it.
Isn't impeding investigators what lawyers are for? (Score:2)
About Computer Associates (Score:2)
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Considering their flagship product way back when was AccPac, they were literally the company that made boring software. (No one gets excited ov