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Note: The press release below, as posted on the company's web site, was issued at 1:40pm ET on October 1, 2004 in response to a Newsday article published that morning. |
CA STATEMENT ON CEO
SEARCH
ISLANDIA, N.Y., October 1,
2004 — Computer Associates International, Inc. (NYSE:CA) today issued this
statement regarding its search for a permanent chief executive officer.
“The Search Committee of the
Board of Directors currently is diligently going through the search
process and has interviewed many talented individuals. The Committee has
not made a decision as to a recommended candidate and has not made any
recommendation to the full Board of Directors. The majority of the
independent members of the Board have had no substantive conversations on
the selection of a permanent CEO, much less backing a specific candidate.
Recent speculation in the
media on potential candidates based on sources can hinder the Company's
ability to conduct a thorough and comprehensive search and may harm named
individuals. The Company has made no statement identifying any individuals
outside CA who may or may not be candidates. The individual named in a
story today in Newsday is not a candidate for the CA position.
The Board of Directors is
committed to moving the Company forward and naming a new CEO in the next
30 to 45 days. The Company has no further comment on the search process.”
About CA
Computer Associates
International, Inc. (NYSE:CA), the world's largest management software
company, delivers software and services across operations, security,
storage, life cycle and service management to optimize the performance,
reliability and efficiency of enterprise IT environments. Founded in 1976,
CA is headquartered in Islandia, N.Y., and operates in more than 100
countries. For more information, please visit
http://ca.com.
In addition to the
historical information presented, certain statements in this press release
may constitute “forward-looking statements” that involve risks and
uncertainties. Actual results could differ materially from those projected
or forecast in the forward-looking statements. The factors that could
cause actual results to differ materially include the following: the risk
that we may not implement cost cuts as quickly or as fully as currently
planned; the risks and uncertainties associated with the Company's
deferred prosecution agreement with the United States Attorney's Office of
the Eastern District, including that the Company could be charged with
criminal offenses if the Company violates this agreement; the risks and
uncertainties associated with the Company's resolution of the Securities
and Exchange Commission investigation; civil litigation arising out of the
matters that are the subject of the Department of Justice and Securities
and Exchange Commission investigations, including shareholder derivative
litigation; we are subject to intense competition; risks associated with
the recent loss and ongoing replacement of key personnel; our products
must remain compatible with, and our product development is dependent upon
access to, changing operating environments; we have a significant amount
of debt; our credit ratings have been downgraded and could be downgraded
further; customers are still adapting to our Business Model; the failure
to protect our intellectual property rights may weaken our competitive
position; we may become dependent upon large transactions; customer
decisions are influenced by general economic conditions; third parties may
claim that our products infringe their intellectual property rights;
fluctuations in foreign currencies could result in transaction losses;
acts of war and terrorism may adversely affect our business; the
volatility of the international marketplace; and other risks described in
our filings with the Securities and Exchange Commission, which are
available at
http://www.sec.gov. CA assumes no
obligation to update the information in this release, except as otherwise
required by law.
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© 2004 Computer Associates
International, Inc. One Computer Associates Plaza, Islandia, N.Y. 11749.
All trademarks, trade names, service marks, and logos referenced herein
belong to their respective companies.
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