Alix Stuart, CFO Magazine
January 3, 2006

Same Old CA

The restructuring of CA's financial department may be a good thing for its shareholders and investors but let's not forget why it is happening. They were caught! The new faces are refreshing but recent experiences with CA under the new regime has taught me that nothing has really changed with how CA still treats smaller and less resourceful companies seeking information or documentation that they are legally obligated to produce.

Having spent over five years in court with CA back in 1993 with Messrs. Kumar, Woghin and others currently under indictment and emerging with success on six of ten counts including civil RICO and the return of a software product that CA was marketing and supporting which generated in excess of $150 million proved to me to what extent CA would go to force smaller companies almost into bankruptcy before fessing up and telling the truth.

Believe it or not, we are back it court with them again trying to obtain documents and reports that CA promised to produce under a settlement agreement reached after the 1996 court ruling! After three years of attempting to obtain this information through amicable means, CA has forced us to sue them again and their behavior now is no different than it was under their old leadership.

The faces may have changed at CA and the even their name but there must be a CA bible around that requires all top level executives and legal teams to follow its MO no matter what - DPAs, indictments,special masters, etc!

Hopefully, this round of forcing the truth from CA will not be as painful and will not cause serious financial stress to our small software development company that has developed the product CA was ordered to return into one of the leading data privacy and security solutions in the market today and that has generated in excess of $50 million in revenue since 1996.

Joe Buonomo
President & CEO

Posted by Joe Buonomo | Mar 26, 2006 9:18 AM ET