No-one would have expected this two years ago, but Computer Associates at last appears to become an interesting company for what they do, not for what they did wrong.
The company for the past year made headlines for it's creative accounting methods and investigations by the SEC. It took two CEO sacrifices for the company to clean up its act.
The recently appointed chief executive John Swainson last week that he will realign the company along two main areas: systems and security management. CA traditionally has always been strong in these areas, but Swainson's move is a strategy U-turn nonetheless.
More importantly, CA is quickly becomine a large player in the field of open source applications. That isn't such a strange move for a company that owns an enormous portfolio of "end of life" applications. The company get roughly half of its software revenues from mainframe systems. Not that there is anything wrong with mainframes, but it isn't an environment where there are lots of growth opportunities.
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