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CA News Archive

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2003

10.06.03am - CA closed Fri up a quarter at 26.96. The DOW 30 also had a good day, up 84.51 to 9572.31.   10.03.03am - The DOW30 was up a lot Wed and a little Thur closing yesterday at 9487.30 CA has also tacked on some gains, closing yesterday at 26.71 up .31 on the day.   9.30.03 - CA dropped .18 today to 26.11. Short term support levels look like 25.75. Vol is picking up a bit (3.5m shrs) The DOW30 declined 105.18 to 9225.06.   9.29.03 - CA hit a bit of resistance in the 27.5 range last wk then started to decline a bit. Today's close was 26.29 up .49 on the day. I've seen no recient news. The DOW30 had a bad wk last wk. The intraday high on the 19^th was above 97k. By Fri last the intraday low approached 92.5k The AVG closed today at 9380.24 up 67.16 on the day.   9.19.03 - CA added a nickle and a penny, closing at 27.29 on low vol. The DOW 30 was off 14.31 to 9644.82 for a gain of 1.8pct on the week.   9.18.03 CA had a good pop today up .42 to 27.23 on lite vol. The intraday high was only .14 below the 52 wk high set ten days ago. The DOW30 gained 113.48 to close at 9639.13, an 18 mo high. The N.Y.Times pointed out today that Grasso should not have been suprised at the furror surrounding his pay package, given the reaction to the billion dollar bonus for Charles, Sanjay, et (one) al. Grasso was on the CA's compensation committee at the time. Excessive executive compensation is the one thread common to all instances of poor corp governance.   9.17.03 CA lost .29 on avg vol closing at 26.80. The DOW30 dropped a tad, down 21.69 to close at 9545.65. Didn't take long, Grasso resigned today.   9.16.03 CA did well today, thank you very much, closing up .85 to 27.05 on heavy volume. The DOW30 gained 118.53, closing at 9567.34 The Grasso thing is still growing, today state officials in CA, NY and N Carolina called for his resignation. May take a while but he will likely be forced to quit.   9.15.03 CA dropped below 25 on Friday but gained .28 to close at 26.23 today on low volume. The DOW30 was up a little Friday but back down today closing off 22.74 at 9448.81. Reuters picked up the CA-Grasso conection today, pointing out that Grasso was critized in FEB02 for serving on boards of companies that he regulated (CA and HD), left the CA board in JUL02 after 8yrs svc(?) while CA was under investigation for the accounting irregularities, and Grasso (et al CA dr) failed to disclose (AUG03) properly CA stock awards. Makes one nervious about why CA just issued 20 million or so in convertable debt to cover stock for directors.   9.11.03pm CA lost another nickle today closing at 26.38 on avg vol. The DOW 30 closed up 39.30 at 9459.76. The Grasso thing will not go away. Sanjay should thank his lucky stars that Dick is no longer on the board.   9.11.03am - CA was off .84 yesterday on moderate vol closing at 26.43. The DOW30 was also hit, off 86.74 to 9420.46. CA set aside $20million in stock to pay directors deferred compensation. Bet it would have been more if Grasso were still voting. Hope that's not for just one year.   9.10.03am - CA was off .20 yesterday on low vol closing at 27.27. Tech sector not so exciting just now. The DOW 30 took a hit closing at 9486.84 off about a hundred. The market opened down this morning.   9.08.03 - CA's rolled with the market, scoring an impressive gain of .64 to 27.47. Wonder if it's goin' to hit 30. Vol 'bout avg. The DOW 30 gained 82.95 to 9586.29   9.05.03pm - CA droped on the opening but spent the day recouping and ended down just a penny at 26.83. The DOW30 has a .9 pct gain for the wk but ended today off 84.56 at 9503.34   9.05.03am - CA was off just a bit (.16) yesterday closing at 26.84. That's less than half a buck off the 52 wk high. The DOW 30 gained 19.44, closing at 9587.90. CA is issuing more debt, this time in the form of convertables (ie each 1k of debt can be converted to 49.9002 shrs of stock, works out to 20.04 shr price.   Fmr CA board member "Dick" Grasso (CEO of NYSE) is under fire. He paid himself 'bout 140m in deferred retirement benefits which exceeds the NYSE conbined net for the last 3 yrs (cite: The Economist) Wonder if he learned Governance from CA or vice versa.   9.04.03am - CA experienced good gains yesterday along with the rest of the software sector. The stock was up .53 to 27 even. The DOW 30 also tacked on a gain, up 45.19 to 9568.46   9.03.03am - After a .02 gain Friday, CA was up big time yesterday. The gain was .84 to close at 26.47. The DOW 30 also had a good day, closing at 9523.27 up 107.45.   8.28.03 - CA closed today about where it was last Friday at 25.06 up .07 on the day. The DOW 30 is also not far from the last report, closing today at 9374.21 up 40.42 on the day. The NYTimes reported that CA settled outstanding law suits (over past accounting practices) with it's share holders two days before the share holder meeting this week. The company will pass out 5.7 million shares of stock to stockholders and in return the stockholders will drop the suits. Wish I could print my own money. It's actually a good thing to re-focus mgmt on things like may be software. Besides the $144m accounting charge is only $97m after taxes. Anyway,Reuters reported that CA re-elected its board and gave them the big raise. Sanjay said the raise was fair because they had to meet at least four times a year. and only half the pay was in cash, the rest is stock. Like I said, wish I could print my own money. Neither CW nor SW made the meeting.   8.23.03 - CA closed the week at 25 even dropping .15 on Friday. The DOW 30 dropped below 94k again off 74.81 to 9348.87 CA shr holders will vote next wk on a 60% director pay rase. (to 150k/yr) Works out to about 750/hr for the job. I think I could make myself available for that rate (plus expenses of course)   8.21.03 - CA continued to climb, up .15 to 25.15. The DOW30 was also up (26.17) to 9423.68   8.20.03 - CA closed today at 25 even up .21. HP missed its numbers yesterday, that brought the DOW30 below 94k. The avg. closed down 31.39 at 9397.54   8.19.03pm - Both CA and the DOW gained a smigin today. CA up .19 to 24.79, the DOW30 up 16.45 to 9428.90   8.19.03am - The DOW 30 hit a 52 wk high yesterday closing at 9412.45 up 90.76 on the day. CA is about where it was last time we looked, closing yesterday at 24.6 up .22 on the day.   8.11.03 CA closed up about .56 on an analist up grade on Friday. The stock closed up again (.29)today at 24.46 on lite vol. The DOW 30 was up 26.26 today closing . at 9217.35   8.8.03am CA declined again yesterday closing off .11 at 23.60. Vol was up a bit. The DOW30 gained again closing up 64,71 at 9126.45.   8.6.03am CA declined again yesterday closing off .57 at 23.71. The DOW 30 did better gaining 25.42 to 9061.74. The story on the fourth and fifth was all about Treasurys. Bad auction bad day Tuesday, Good auction good day Wednsday. Today's auction is the rubber match.   8.5.03 CA opened again near the high and declined all day, closing off .49 at 24.28 The DOW30 droped 149.72 to 9036.32. Looks like we are heading for a test of the 92k level   8.4.03 - CA opened at yesterdays close. That turned out to be the high of the day. The stock closed off .23 at 24.77. The DOW30 was up a bit (32.07). It closed at 9186.04. August is not a good month for the markets.   8.3.03 - CA closed Friday at 25 even off .45 on the day. The DOW30 also took a bit of a hit, closing at 9153.97 off 79.83 on the day.   7.30.03 - CA was off just a tad (.12) closing at 25.63 on avg vol. Same for The DOW 30, off 4.41 but still a nickle above 9.2k   7.29.03 - CA climbed all day closing near the high at 25.75 up .34. Volume was a little more than average. The DOW 30 had a down day on disappointing consumer confidence. The avg closed at 9204.46 off 62.05.   7.28.03 - CA posted a slight decline (.04) today closing at 25.41. On light volume. Rival BMC couldn't transend weak corp. spending as did CA. The DOW30 also moved little, closing off 18.06 at 9266.51   7.25.03 - CA ended near it's highs for the day at 25.45 with a gain of .23. The DOW30 did a little better, up 172.06 to 9285.   7.24.03 - CA surged a remarkable 2.98 today trading above 26 before setteling back to close at 25.22 which according to Reuters is a 17 mo high. Volume at 15.2 mshrs was astonishing. The DOW 30, in the black much of the day, closed down 81.73 at 9113.   7.23.03 - CA ended today down .28 at 22.24 The DOW30 spent most of the day on the down side but a late day rally gave the average a gain of 35.79.   After the bell CA reported .02/shr earnings basis GAAP and .14/shr earnings basis 'lets pretend'. The numbers beat street estimates and CA shrs were trading above 24 after hours. The CA press release provided some information on converting from GAAP to pro-forma but pro-forma numbers are never audited. (under Sarbanes-Oxley Sanjay is liable now if the numbers aren't true)   The balance sheet numbers were very positive on long term debt. CA has paid off and/or restructured debt to give it a couple of years breathing room on the 2.3 billion outstanding The potential balance sheet problem is now goodwill impairment. The board looked at that issue not long ago, but I don't recall at what level of independence. The board was satisfied with the numbers at the time. (CA had pursued rapid amortization of the Sterling purchase et.al.) What was surprising at the time was that the only tech companies that did not decline in value when the bubble burst were the ones that CA had purchased.   That and the nice state contracts are probably why we will never see a decline in the Advantage Gen license fee structure.     7/22/03 - CA gained back .27 today to close at 22.52 on average volume. The stock never dropped below yesterday's close. The DOW30 was up on news from Bagdad closing ahead 61.76 at 9158.   CA reports earnings after the bell tomorrow.   7/21/03 - Sixty major corps now have Corp. Governance Officers. Ten of those were invited to appear on MSNBC today. One showed - CA's Robert Lamm. Good press. (see 11/01/02) Reuters reported Sanjay is still getting by on his one million $ wages. He has declined bonus for the last couple of years. Of course, he has been issued options valued at $13.3 million.   CA Closed off .45 to 22.25 today. The DOW30 was down 91.46 closing at 9096.69   7/18/03 - The Business Cycle Dating Committee of the NBER determined yesterday that the recession which began in March 2001 ended in November 2001. I am sure that we have all been quite busy for the last 19 months. CA tested 23 early today, then spent the rest of the day testing 22.50 before finally closing up .01 at 22.70 The DOW 30 gained back some ground, closing up 137.22 at 9188.15   7/17/03 - CA took a hit today on fairly heavy volume, down 1.42 to 22.69. The Industrials were off just a tad down 42.77 to 9051.   7/16/03 - CA dropped a bit shortly after the opening today and stayed in the red closing down .22 at 24.11. The chart on the DOW 30 looks about the same. It closed off 34.38 at 9095.   7/15/03 - CA did well again today climbing .59 to 24.33. The DOW 30 didn't. As Fed Chair Greenspan spoke, the industrials declined, ending off 48.18 at 9128.97   7/14/03 - CA jumped on the opening this morning and never declined as low as Friday's intraday high. Indeed, the stock stayed above 24 most of the day. Weak on the close, CA still closed up .22 on the day at 23.74 The DOW30, also weak on the closing, was up 57.56 at 9177.15   07/11/03pm - CA jumped .63 on very light volume today to close at 23.52. The DOW30 also ended a two day slide to close well above the 9k level at 9119.59 up 83.55 on the day.   07/11/03am - CA has had something of a run so far in July with big jumps on the 2^nd and the 7^th on higher than normal volume. The stock is settling back now closing yesterday at 22.89 off .54 on light volume. The DOW30 has behaved much the same way since the 1^st, closing twice above 9.2k and approching 9.3k intraday. The average was off 120.17 yesterday but still above 9k at 9024.04   07/01/03 - CA lost .21 today to close at 22.07. Volume was up a bit again (4.3mshrs). The DOW 30 spent much of the day in the red, but broke above yesterdays close about 2:30 est and ended the day above 9k with a gain of 55.51 at 9041. 06/30/03PM - CA volume was up a bit today at 4.6 mshrs but the stock closed down just a tad at 22.28 off .06. An additional 1.09 mshrs traded after hours. The DOW 30 closed below 9k again, down just a smigin at 8985.   06/30/03AM - CA closed last Friday at 22.34. The daily high did break out of a short term low volume downward channel in place since the 19^th. The stock opened up a bit this a.m. The DOW30 dropped below 9k to close the week at 8989.05 off 89.99 on the day. The average has closed above that tripple ought since June 9. This morning the DOW is above 9k again.   06/20/03 - CA closed the week at 23.14 off .16 on the day on average volume. The DOW 30 ended six bits above 92k up 21.22 on the day.   06/19/03 - CA droped seven cents to 23.30 but regained a nickle of that after hours. Volume is twice normal (1.6mshrs) Did not see any news, probably related to options expirations tomorrow. The DOW 30 declined 114.27 to 9179.53. Tomorrows numbers will be crazy with experation of options and futures contracts   6/18/03 - CA finished down .11 on both Monday and Tuesday but today was up .39 today to close at 23.37 Monday the DOW 30 saw big gains, yesterday it was off a tad. Today the average colsed down 29.22 at 9293.8   06/15/03 - CA lost a dime Friday to close at 23.20. Vol is still off a bit. The DOW was off all day, closing down 79.42 at 9117.12.   06/12/03AM - CA trended down most of the day but a thirty cent up tick in the last hour resulted in a .11 gain on the day. CA closed at 23.30. Vol at 1.5mshrs was low. The DOW 30 managed another up day gaining 13.33 to 9196.55 Talking heads are calling it a bumble-bee rally. In theory that insect can't possibly fly, but it does (so much for theory)   Sanjay brought a young Ex-oricle exec on board as srveep prod dev to watch over r&d. Last time I looked, the entire Advantage line (including Gen) represented only about 4% of CA revenue. Maybe Gen will get a look-see. The guy's name is Barrenechea.   06/11/03AM - CA was up a tad yesterday adding .14 to 23.19. Volume was low at 2.4mshrs .The DOW 30 continued its run, up 128.33 to 9183.22   06/10/03AM - CA was off a buck yesterday to 23.04. The stock traded in the 21 to 22 range from May 22 to Jun 3, then broke up again on Jun 4. Haven't seen any news to account for the dramatic rise over the last month. There is some talk of long awaited consolidation in the IT industry but the only buyer I can see is IBM and I don't think they are interested. The DOW30 had a rare (of late) down day. It was off 82.79 to 8,980. The close for the last three trading days has been above 9k.   05/28/03PM - Down day for CA off .32 to 21.36. The DOW30 managed a gain of 11.77 to 8703.12 after bouncing off of yesterdays close four of five times during the day.   05/28/03AM - CA tacked on another .18 yesterday after a four bit opening dive, closing at 21.68. The DOW 30 added 179.97 to 8781. Indications are that the rally will continue today   05/23/03 - CA jumped bigtime again Thursday then settled back just a bit today closing at 21.50 off .31 on the day. The DOW 30 inched up 7.36 today to 8601. The average ended down for the week for the first time in four or five weeks. All of the weeks decline came on the open on Monday. Interest rates are at the lowest levels since 1958.   05/21/03AM - CA regained much of Monday's decline yesterday closing at 19.77 up .32 on average volume. The DOW 30 ended off a couple of bucks at 8,491.36   05/19/03 - CA eased back another 53 cents today. A technicial analyst might say the stock is trying to fill the May 15 gap. Or the stock might be following the Dow. CA closed at 19.45. The DOW 30 took a hit today, down 185.58 to 8493.39   05/16/03 - CA eased back just a tad today closing at 19.98 off .28. The DOW 30 was also off a little closing at 8678.97 down 34.17   5/15/04 - Boy was I wrong. Not only did yesterdays after hours numbers hold, but todays market tacked on a further gain. CA closed the day at 20.26 up 2.07 (11.3%) on the day. Volume was an astonishing 20,054,300. (Average volume is usually about 3.3m shrs). The stock traded as high as 21.79. The previous 54 wk high was 19.10 on 05/14/02. The DOW 30 was up 65.32 to 8713.14   05/14/03 - CA rose .60 to close at 18.19 on earnings expectations. Pro forma earnings (q4) came in at .08/shr with revenues about in line with forcasts. That beat the street by .02. After hours the stock gained another 1.51 to 19.70. Don't expect those numbers to hold. The DOJ/SEC issued another pair of subpoenas in its probe of CA accounting. The Q4 GAAP number was a loss of $106mil (.18/shr) which was better that the $238mil loss (.41/shr) this time last year. The DOW 30 was down 31.43 to 8,647.82. Yields on the current benchmark 10 yr govmt bonds are at the lowest levels since 1958. Yields on the old benchmark 30 yr govmt bonds are at the lowest levels ever.   05/13/03 - A pause in the DOW did not affect CA today. the stock closed up .29 at 17.59 on average volume. The DOW 30 was off 47.48 at 8679.25. CA will report earnings tomorrow. The first call estimate is .06/shr (pro forma?) Sanjay recruited fmr EDS vice-chair Gary Fernandez to the board. This guy just may be able to provide some of the guidance that Sanjay needs. He understands software, he understands services, he has the experience to understand governance and he's young enough to be around for a while. The only downside is that he left EDS to chair Grocerywork.com   05/12/03PM - Volume was quite lite today but CA still managed to gain a quarter, closing at 17.30 on (I suppose) earnings expectations. The DOW 30 enjoyed tripple digit gains again, up 122.13 to 8727.   05/12/03AM - Aside from a surge last Monday and a dive at the close on Wednsday, CA traded around 17 all of last week. Friday CA closed at 17.05 up .17. The company will report quarterly earnings in a conference call on Wednsday. The DOW 30 closed Friday at 8604.40 up 113.38   05/01/03 - CA is apparently engaged in another one of those remarkable runs, closing up .48 today at 16.72. We are approaching the Dec high. The DOW 30 has not fared quite as well. It never made positive territory but still closed 114 points off the low down 25.84 at 8454.   04/30/03 - Out of pocket for a few days and CA goes wild. The stock closed today at 16.24 up 1.46 since the last entry and .49 on the day on fairly heavy vloume. The DOW 30 also has done o.k. Although down 22.90 on the day at 8480.09, it is still up 153.14 since Apr 17.   04/17/03 - CA moved toward the up side today closing up .22 at 14.78 on relatively low volume. The DOW 30 gained 80.04 to close at 8337.65     04/16/03 - CA (and tech stocks in general) rose today, up .21 to 14.56. Volume, at over 4 million shrs, was relatively heavy. Ira Zar, CFO exercised options for 5,400 shrs at 7.59 per on 3/31. The DOW 30 declined today, down 144.75 to 8.257.61   04/14/03 - With folks switching from CNN to CNBC, CA got a four bit pop today closing at 14.12 on volume that was just a tad lite. The DOW 30 also had a nice move - up 147.69 to 8351.1   04/11/03 - CA gained a dime today closing at 13.57. The DOW 30 lost ground, down 17.92 to 8203.41.   04/10/03 - Volume was higher than usual for CA today, The stock traded between 14.08 and 13.32. In the end CA closed at 13.47 down .03 on the day. The DOW30 ended up 23.39 at 8221.33   04/09/03 - CA ended today unchanged at 13.50 on low volume. The DOW30 declined about 100 pts to close at 8197.94. The markets may be beginning to consider factors other than progress of the 3rd ID in making decisions.   04/04/03 - Russell Artzt exercised options for 9873 shrs of CA stock on 3/31/03 at a cost of 7.59 per shr. He's had that option since at least 1994. As a co-founder he has 1,467,743 shrs (plus 24,079 401k shrs). Sanjay was awarded options for 700,000 shrs(strike 13.83, annual vesting at 34%,33%,33%). That makes him three times more important than Ira Zar, CFO (225,000 shrs) and 93 times more important than Robert Lamm - the new corporate governance guy (7,500 shrs) Options were granted to a few other folks also. Perhaps they all should enlist. The market only seems to move in response to war news just now. Our crack management team immediately set about increasing the stock price by laying off 450 folks (not to worry, they are going to hire salespeople) and merging presales techs into professional services and calling the results Technology Services. CA stock closed the week at 13.99 down .73 on the day. The DOW 30 closed closed at 8,277 up 36.77 on the day.   3/31/03 - CA declined .17 today to close at 13.66. The DOW was down for the fourth straight day. The average closed below 8k at 7992.13 down 153.64 on the day   03/28/03AM - CA droped about a percent yesterday off .14 to 13.96. Volume is still low. The DOW was also off. Down 28.43 to 8201.45.   03/26/03PM - CA declined .12 on low volume today closing at 14.10. The DOW was also down, off 50.35 to 8229.88.   03/26/03AM - CA was up yesterday on fairly heavy volume. The stock closed at 14.22 up .37. The DOW also gained. Up 65.55 closing   at 8280.23   03/22/03 - CA did not share in Friday's gains, but did join the band for today's decline. The stock was off .77 at 13.85. The DOW had it's worst day this year, declining 307.29 to 8214.68. It's all about the war just now.   03/21/03 - CA managed to gain a nickle today closing the week at 14.62. The DOW was up for the seventh straight session (the first seven session streak since 1996). The average gained 235.37 today to close at 8521.97. The DOW rose about as fast as government in Bagdad fell. One source indicated that this was the best week for the DOW since 1982 (must be in percentage terms)   03/20/03 - CA was unchainged today, the DOW up 21.15 at 8286.60. Folks were just more interested in the war.   03/19/03 - CA was down a tad (.15) again, closing at 14.57. Weak results at Oracle were to blame. The DOW registered its sixth consecutive gain up 71.22 at 8265.45. The last time the average registered six straight up days was Aug. 2000   03/18/03PM The DOW continued it's run today closing at 8194.23 up 52.34. CA pulled back to 14.72, off .28   03/18/03AM Reduction in geopolitical uncertainty lead to a bear market rally yesterday. The DOW was up 282.21 to 8142. CA did even better in percentage terms closing at 15 up just over six bits.   03/14/03 CA stayed above yesterdays close almost all day today closing up .14 at 14.24. The DOW was up this week for the first time in a while. The DOW was up 37.96 on the day at 7859.71   03/13/03 - CA Rose with the market closing up a BIG TIME .62 at 14.10. The DOW, after some early sidestepping continued yesterdays rally closing up 269.68 at 7821.75   03/12/03 - CA spent most of the day bouncing off of the 13.35 level finally ending up .08 at 13.48. The DOW staged a late day 136 point rally to close up 28 at 7552.07     03/11/03 - CA was up .19 today on fairly heavy volume closing at 13.40. The DOW was down again closing at 7524.06 off 44.12   03/10/03 - CA declined .49 today to close at 13.21. The DOW was down 171.85 to 7568.18. The 52 week low on the DOW occurred last October when the average closed just under 7200.   03/07/03 - CA and the DOW got back in sync today CA was up .20 at 13.70, The DOW up 66.04 at 7740.03   03/06/03 - After closing up .33 yesterday CA closed down .33 today ending at 13.50. The DOW was not as fortunate, yesterday's advance (the first in about three days) was more than offset by today's 101.61 decline. The DOW closed at 7673.99   03/04/03 - CA spent much of today within a few pennies of yesterdays close, finaly ending down a cent at 13.50 on fairly low volume. The DOW did not fare so well. It closed at 7704.87, down 132.99.   03/03/03 - CA and the DOW parted ways again today. The former showed a gain of .16 to close at 13.51. The latter lost 53.22 to close at 7837.86   02/28/03 - CA was up .16 today to close at 13.35. The DOW spent all afternoon see sawing between just above and just below yesterday's close before finishing the day up 6.09 at 7891.08.   02/27/03 - Today was one of those rare days when CA and the DOW moved in opposite directions. CA closed at 13.19 off .17, the DOW  at 7884.99 up 78.01. Forbes took a swipe at CA's and IBM's recent advertising campaigns. Silly me! I thought both were quite clever.   02/26/03 - No late session surges today. CA was down .14 at 13.36. The DOW had a similar percentage decline, off 102.52 at 7806.98. Volumes remained a bit lite due to war worries.   02/25/02 - After spending the first half of the day below 13 CA surged late in the day to close up .37 at 13.50. The DOW also managed a late session climb to close up 51.26 at 7909.50   02/24/08 - CA closed down .77 today at 13.13. That's about a dime . above where it opened last week. Volume was about normal for CA. The DOW was off 159.87 at 7858.24   02/20/03 - CA seems to have broken out of its short term down trend this week. The Friday's closing uptick was followed by another pop on Tuesday. After consolidating yesterday and today The stock closed about where it closed Tuesday at 13.81 up .27 on the day. The DOW was down 85.64 today at 7914.96 on economic numbers (all bad). This weeks volume in the markets is in record low teritory.    02/16/03 - CA poped up almost four bits yesterday closing up .49 at 12.99. Two of those bits came on the close. The DOW showed steady gains after the security counsul meeting closing up 158.93 at 7908.80. The index gains could have been caused by short covering on the realization that no bombs would drop on Bagdad this week end.   02/14/03AM - CA declined .20 yesterday closing at 12.50. The DOW was down 8.30 at 7749.87. SEC filings indicate that AIM funds and Fidelity are reducing exposure to CA stock.   02/12/03PM - Continuing the decline on relatively low volume CA closed down .32 at 12.70. Would have been worse but for a last minute 15 cent pop on the close. The DOW was off almost 85  at 7758.17. Board member William Stavropoulos resigned today for what appears to be temporal consideratons. He must have gotten around to reading my 10/17/02 posting. Last July when too many folks wanted to be CA directors the company paid $10 million to clear the slate. Must have worked, the nine member board is now three members shy. My contact information is available on this site.   02/12/03AM - The markets are drifting down again on geo- political concerns. CA is back to 13.02 down .23, The DOW  off 77.00 at 7842.11   02/10/03 - CA gained a quarter over the last two sessions to close today at 13.25. The DOW was up 55.88 today closing at 7920.11   02/06/03 - CA was down again today, off .22 at 13. The DOW suffered it's third straight loss, down 55.88 at 7929.30   02/05/03 - CA closed down .23 at 13.22. The DOW dropped below 8k closing off 28.11 at 7985.18    02/04/03 - CA continued the down trend that has been in place since the intraday high set on Jan 15, closing off .35 at 1341. The DOW stayed above 8k closing at 8013.01 down 96.81 on the day.   02/03/03 - CA added .39 to close at 13.76 today on low (relatively) volume The DOW also gained. It was up 56.01 at 8109.92   01/31/03 - CA's intra day high beat yesterdays close by 2 cents. The stock closed down .13 at 13.37. The DOW had a good day, closing up 108.68 at 1058.81. For January the DOW is down 3.4 percent.   01/30/03 - CA opened the year at 13.50 and trended up to an intraday high of 16 on Jan 14. Since then the stock has trended down closing today at 13.50 down .66 on the day. The Dow closed below 8k again at 7945.13 down 165.58 on the day.   01/29/03 - CA (and the DOW) were down today until the European markets closed then they began to recoup. CA closed up .13 at 14.16, the DOW up 21.87 at 8110.71. Call options for CA are on the most active list again.   01/28/03 - CA managed a close three cents above 14 today up .17 The intraday high was 14.20 volume was fairly low. The DOW gained back much of yesterdays loss closing up 99.28 at 8088.84   01/27/03 - CA stock declined today ending at 13.84 off .70. The DOW closed below 8k for the first time since Oct, closing at 7989.56 down 141.45.   01/26/03 - CA opened Friday at 14.94 (the intraday high) and promptly fell to close at 14.53 down .37 on the day. The DOW did about the same in percentage terms, closing down 238.46 at 8131.01   01/23/03 - CA gained back most of what it lost yesterday closing up 1.50 at 14.90. The intraday high (14.96) came late. Volume was quite heavy. The DOW was up for the first time in five sessions (+50.74) It closed at 8369.47   01/22/03 CA Stock hung around 15 most of the day in advance of earnings release. Wouldn't you know, some idiot released earnings just before the market closed. Apparently the traders saw the real (GAAP) number -.08/shr instead of the lets pretend (proforma) number +.05/shr. The stock dropped like a stone closing down 1.55 at 13.40 The stock should recover tomorrow after tonights webcast. The DOW was down 124.17 at 8318.73   01/21/03 CA droped another .03 today to close a nickle below 15 and a dime below the high for the day. Today's low (14.51) came early but the stock recovered. The DOW declined 143.5 to close at 8442.9 CA will webcast earnings at 5:00pm eastern tomorrow.   01/20/03AM - CA droped .12 Friday to close the week at 14.98. Volume was still a tad heavy most of the week relative to last quarter. The DOW was unchanged on the day at 8586.40  CA will report quarterly earnings this week (Wed)   01/10/03 - CA added another .23 today to close the wk at 15.45. The DOW was up 8.71 at 8784.89.   01/09/03 - After breaking above 14/shr Monday CA stock spent the last three days around 15, closing today at 15.22 up .34 on the day. Positive results from SAP this morning (Central Time Zone - US) helped out software stocks. Volume today and Tuesday was a tad heavy. The Dow ended up 180.87 at 8776.18, about the same as CA in percentage terms   01/06/03 - After climbing to just under 17/shr (intraday) on Dec 2 then falling to below 12.25/shr (intraday) on Dec 9 CA spent Dec and early Jan in the 13 to 14/shr range. That is until today. CA closed today at 14.39 up .39 on the day. The stock (and the market) has been on an uptrend in the three trading days of the New Year. Russell Artz exercised options on 244,064 shrs on Dec 12. He paid about 9.07/shr. His last big transaction was about a year ago. he exercised options of 200k shrs at about 9.07 on 12/19/2001 and sold the stock on 01/30/02 for 37.89/shr.  

2002

  11/26/02 - CA closed down .26 today at 14.72. Yesterday provided some excitement when someone realized that the Allstate thing implied that DOJ was serious. The stock dropped to around 13.10 before recovering to 14.98 The Dow closed at 8,676.42 down 172.98   11/22/02 - CA closed today down .30 at 14.82. The Dow was down 40.31 at 8804.84. Ninety nine percent of CA trades were institional. and the institutions seem be supporting the stock just now at around 14.62.   11/21/02 p.m. - CA closed down .03 at 15.12 today. Volume has been slightly heavier than normal for the last two days. The Dow had a good day, closing up 222.14 at 8,845.15. Reuters is reporting that Allstate has a grandjury subpoena for information related to the billion dollar bonus case.   11/21/02 a.m. - CA stock jumped above 15 on the opening yesterday and stayed there all day closing at 15.15 up .36. The Dow was up 148.2 at 8623.01   11/19/02 - CA stock traded as high as 16 yesterday. Since the retirement news came out, the stock has trended down (if you could call two trading days a trend) The stock closed today at 14.79, just off the low. The Dow closed down a little at 8,474.78   11/18/02 - Flash, Charles Wang in retireing, Sanjay gets his job. Does this mean that Sanjay gets a 100k pay cut?   11/17/02 CA closed Friday at 15.12, up a tad on the week but showing a one month gain of almost 22%. Still down about 50% for the year. Charles Wang exercised options for 757,500 shares on 11/07. The stock cost him 2.22 ea. On 11/07 CA was trading around 15.75. Incentive comp???   11/13/02 CA spent today in the 14 to 14.87 dollar range, closing at 14.50 up .21. Volume has been low for three days. Some short term support seems to be building around 14 but the stock did gap through 13 on Oct. 22. The Dow closed at 8398.49 up 12.49.   11/11/02 CA continued giving up receint gains, closing down 1.11 at 13.90. The Dow declined 178.18 to close at 8,358.95 11/07/02 CA closed down .37 at 15.73. The Dow was off about the same percentage closing at 8588.24.   11/06/02 - Up almost a quarter on Monday, down a smigin Tuesday. Today CA was up a buck closing at 16.10 continuing a truely remarkable climb. Ira Zar is doing presentation for Merrill today. The show is on http://ca.com/invest/events.htm The Dow was up 92.74 at 8771   11/01/02 - CA begins Nov at 15.08 up .22 today. The company is addressing governance issues once again by creating a Director level position (reporting the general councel)for corporate governance. The position was filled by a fmr Grace VP named Robert Lamm. The Dow closed up 120.61 at 8517.64.   10/31/02 - October began with CA stock in the 9 to 10 dollar range. The stock closed the month at 14.86 down .08 on the day. Remarkable performance. The Dow gained 11% for the month, closing today at 8397.03. That was the best monthly performance since January of 1987.   10/30/02 - After dropping a quarter yesterday, CA gained .46 to close at 14.94. Volume is back to more normal levels. A full 98 percent of the activity was institutional buying and selling. The Dow was up 58.47 at 8427.41   10/28/02PM - CA is back to tracking the Dow. CA closed down .14 at 14.73, The Dow closed down 79.59 at 8368.   10/28/02AM - The markets continued the rollercoaster ride on Friday (25^th). CA closed up .57 at 14.87 The Dow was up 126.65 at about 8444. The Dow should open up this morning.   10/24/02 CA and the Dow backed away from receint gains today. CA closed down .45 to 14.30, the Dow was off 176.93 to 8317.34   10/23/02 CA stock posted a massive gain today in reaction to yesterdays earnings report. The stock rose 2.65 to close at 14.75 on very heavy volume. The chart gaped up on the open and just kept on climbing. Based on the latest open interest numbers I saw the big bet is still on and in the black by about $4.9 million. Up until today, the Dow and CA have moved pretty much in tandem for the last few weeks. The Dow spent most of the day in negative territory but rallied on the close up 44 at 8494.   10/22/02 - CA stock closed down .79 today at 12.10 in advance of CA's earnings report. The stock traded at but not above yesterdays close. The Dow broke down for the first time in a couple of days closing at 8450 down 88 (only two digits) for a change   Reuters reported The "lets pretend" eps was .04 on revenues in line with expectations. The real number (GAAP) was a loss of .09 /shr (which is better than the prior year loss of .50 /shr) The company also expects next quarters to meet or beat the lets pretend number.   Sanjay's webcast on earnings will likely be on CA's site soon Some one liked the show, after hours CA is trading around 13.16   10/21/02 - CA broke through resistance levels at 12.50 to close up .49 on the day at 12.89. The stock is now at levels seen only once (in August) since the mini plunge of July. Some one is making a big time bet that the price will keep going up. Schaeffers research reported that a block of 5k call option contracts (500k shrs?) traded over the weekend at a strike of 12.5 and a ask of 1.35 (i.e. the contracts don't make money until the price gets above 13.85). If memory serves, this is the second such block in the last week or two. The bet is on CA earnings which are due out after market close tomorrow.   The Dow continued its rally gaining 215.84 at 8538.24.   Advantage Gen 6.5 made the financial press today. PrNewswire reported on the wonders of the product. Jay Wiener (CoreTechs) and Ricardo Antuna (CA)were quoted.   10/20/02 - CA closed Friday up .35 at 12.40 capping a week in which the stock rose a remarkable 1.79. The Dow closed up 47.26 at 8322.40. Thats over a thousand points on the Dow in a week and a day. Stay tuned for this weeks action (or lack there of).   10/17/02 - CA resumed its climb today, jumping .94 to close at 12.05. The Dow was up 239 at 8,275. Reuters reported that CA named another outside director today. This one brings total directors to to 12, nine of which are outsiders. Charles found (as promised) someone important. William Stavropoulos is chairman of DOW Chemical. he also sits on three other corporate boards and three non-profit boards. He is also a trustee of Fidelity which owns 3% of CA. Don't expect to get much work out of this guy, other than attending meetings. Looks like he simply has too much other stuff on his plate.   10/16/02 - After climbing from 9.02 to 11.75 in six days CA stock closed down .64 at 11.11 today. The Dow also backed away from yesterdays gain to close down 219.64 at 8036. The catalyst appeared to be Intel's weak earnings.   10/15/02 - For the sixth straight day, CA stock gained. Today it was up .76 to close at 11.75 The Dow was up another 378.28, closing at 8255.68 What a difference a week makes.   10/14/02 - CA tacked on another .38 to close at 10.99. The Dow extended its Thru-Fri rally closing up 27.11 at 7877.4.   10/11/02 - A Leman Brothers analyst upgraded IBM today and CA stock was off to the races, trading much of the day near its high of 11.58 before settling back to close at 10.61, a gain of .94. The Dow broke a six week string of losses closing up 316 on the day at 7850. Caveat: The broad based rally was based on technical not fundamental factors.   10/10/02 - CA traded at 9.00 but not below that level today. The stock touched 10.00 before closing up .52 at 9.67. The DOW closed up 247.68 at 7,534.   10/09/02 - CA traded below the 9.00 level for the third day in a row but managed a .04 gain on the day to close at 9.15. This on a day that the DOW lost 215.22 to close at 7,286.27. (a new five year low)   10/08/02 CA traded today between 8.65 and 9.25 but managed to close up .08 at 9.11, recovering from below 9.00 for the fifth time since Sep 22. The DOW gained 78.65 to close at 7,501.49   10/07/02 CA closed at 9.03 down .17 on the day. The stock touched the $9 level for the fourth time since Sep 22 and managed to bounce back each time. If one were a technical analyst, one might postulate that a short term resistance level has formed around $9 and a close below that level would imply a test of the 07/25/02 intra day low ($7.45). The DOW closed down 105.08 at 7423.32. The 52 week intra day low (09/30/02)is 7422.   10/04/02 CA stock again flirted with 10.50 mid week but ended the week at 9.20 down .65 on the day. The DOW began the quarter with a big time jump on 10/1, but could not hold. The average ended the week at 7528, it's lowest close since Nov 97.   09/27/02 CA traded below 9.00 briefly Monday but recovered and even touched 10.50 midweek. Today it closed down .49 at 9.70. The DOW took a 295 point hit today, closing just above 7700. A PW review of the books under Walter Schuetze (see 9/1/02) found no (accounting) irregularities in the 1 billion dollar bonus. The SEC and DOJ (who are not reporting to Walter) have not concluded their investigation. AP reported yesterday that Sanjay had to explained the $10 million Wyly payoff to a group of institutional investors. The audience was described as "somewhat hostil". The terms gunslinging, terrorist and greenmail appeared in the article. The California contingent (calipers) pointed out that the receint governance changes that Sanjay proudly touted likely resulted from Wyly's moves and that owners, not managers should make decisions about who runs the board.   09/21/02 - CA opened the week at about 11.00 and closed Friday at 9.89 up .39 on the day. That was in line with other software firms. The DOW lost about 4%, closing below 8k.   09/16/02 - Charles Wang did not make the Forbes 400 list of the wealthest individuals this year. He no longer has the $550 million minimum net worth. Sam Wyly is still on the list at 1 billion in net worth   09/12/02 - CA stock experienced a bit of a bounce this week, trading above 12.25 on Wed. Thursdays close was down .39 at 11.45. The chart has a lot of gaps (both up and down) lately. CA anounced quarterly results (by major product line) tomorrow (9/13) via a web cast. The cast will be available on ca's site.   09/06/02 - Bloomberg reported that CA must pay $11 million compensation to fmr shareholders of On-Line Software, a 1991 acquisition. (CA had kicked in an extra 2.34 million to the On-Line founder disgised as a "non-compete" and that's a no-no). On-line is the second time this year that CA was caught playing fast and loose. CA closed today at 11.11 down just a smigin for the week. The actual ride was a bit bumpier that the numbers implied. Much of the week was spent in the 10.30 to 10.60 $/shr range.   9/1/02 - One result of the tumbling E is that insiders must report stock transactions much more promptly. Walter Schuetze bought 5k CA shrs on 8/22 at 12.84 per. He managed to come within a few pennies of the high for the month. CA closed August at 11.20. Statistically speaking September is the worst month for the DOW (even before. Sept last) The CA annual stockholders meeting did not appear to produce anything that had any meaningfull impact on the market.     08/24/02 - Although down 180 pts for the day, the DOW which closed at 8,872.96, was up for the fifth consecutive week. CA closed at 12.05, the lowest price of the day. That is up 61% from its 52 week intraday low of 7.47 (July 25). At that price, even D'Amato (whose average price for the year is 13.33) isn't in the Red by too much. The three caviats are: 1)Late August is the traditional vacation time for much of the street. 2) All the accounting scandal cards may not have been played yet. In a FT report yesterday CA was cited in the context of channel stuffing (marketing speak for {ac}counting your chickens. The stock 3) has lost almost 81% of its value since the 52 week high of 38.74. (Jan 24)   08/16/02 (AM) Other insiders have been busy buying CA shrs. S. Richards bought 5k @ 7.95 on Jul 24, R. LaBlanc bought 1k @ 8.64 on Jul 29 and D'Amato bought 30k @ about 8.73 on Jul 29. The markets have been kind of late. CA is up about 12% since around noon Wed. Thursdays close was 10.31   (PM) Friday's close was 10.33 for a gain of 11.67% on the week.   08/09/02 - CA was up a nickle today at 9.25. The DOW was up for the fourth straight session. Sanjay and Ira Zar signed off on on quarter ending June 30 financials as required by the SEC according to Routers. Director L.S.Rainieri bought 60,000 shrs at aprox 8.08 per on Jul 24. 08/02/02 - CA closed down .06 at 9.00 on a day that the Dow lost just under 200 points.   07/30/02 - CA got lots of positive exposure today on the talking head shows (CNBC) about the decision to expense options. The stock was up 1.05 to 9.75. Dow was down a smidgen.   07/29/02 - The dow was up a bit today (477 pts 5.41%). CA closed up .60 at 8.70(7.4%). Good News: CA will expense stock options Bad News: Not effective until next April 3 (see 07/17/02 note)   07/26/02 - CA closed at 8.10 today. That was up .49 from yesterday. Some analysts questioned Sam's motives after he promissed not to bug Sanjay et.al. for five years in return for his "fee".   07/24/02 - CA bought off Sam for $10 Million. That is about what last years chalange cost him. The DOW poped up almost 500 points today. CA closed at 8.49.   07/23/02 CA closed today down 2.12 at 8.08 after trading intraday at 8.00 (a nine year low). The hit was due to multiple analysis down grades and lowered CA guidance.   07/22/02 - CA closed today down .04 at 10.21. According to Reuters, The company reported a loss of .11/shr (GAAP) and a loss of .02 (pro forma.) Both numbers were much better than last year. The street had expected earnings to be flat.   07/19/02 - When the markets opened on 9/21/01, the first post 911 trading day, the dow traded as low as 8,062 (intraday) and ended the day at 8,235. Today the intraday low was 7,966. the dow closed down 390 at 8,019. CA closed down 1.84 at 10.25.   CA will report quarterly earnings on Monday. CA should have a webcast link on their site.   Sam and Perkey had to choose another board member to unseat since one of their targets resigned. They are going after Thomas Wyman. Mr. Wyman appears to have more experience as a director of major corporations than anyone else on the board. Maybe he just does not have enough experience as a CA director. He was appointed Tuesday.   07/18/02 - CA closed today at 12.09.   07/17/02 - The New York Times reported today on receint CA SEC filings. CA wants stock holders to grant authority to issue 45 million options (in addition to the 84 million options already issued and/or authorized.) CA Shares outstanding are currently 578.51 million. (do the math)   Sanjay got a 100K raise to $1 million. Wang took a pay cut to $700K. Not to worry, if cash gets tight they can fall back on their respective $300 million and $600 Million stock grants. (Wonder where the new options will go?)   CA's is also shuffling its board. Four longtime outside dirctors are leaving due to term limits. The new candidates will bring in much needed international, telecom, dotcom, multimedia, Harvard and CEO training expertise.   CA was trading today at 12.96 just before the close.   07/15/02 - Last week was the worst for the DOW since the markets reopened following 9/11. CA closed Friday at 13.56   07/04/02 - CA closed at 14.90 yesterday. The stock traded as low as 13.69 on Tuesday. (had not been there since late 1994). The markets are closed today and Friday will be a short session.   06-27-02 - The WSJ reported today thay Sam Wyle will engage Wang (et. al.) on Aug 28 at the CA stockholders meeting. (He filed this morning.) His slate of candidates looks stronger (if memory serves) this time around. He is going after the seats held by Wang, Kumar, Artzt, D'Amato and de Vogel with Steve Perkins, Richard Agnich, Max Hopper, Ronald Robinson and Cece Smith. I've included links to the Wyly and CA press releases below. CA closed yesterday at 16.00, today it gained a quater.   06/21/02 - Three directors expressed confidence in CA by buying shares receintly on the open market. Schuetze bought 1000 @ 17.65 on May 21, Roel bought 20,000 at 17.3 on May 23 and Ira Zar bought 5000 @ 16.64 on Jun 5. CA closed today at 15.62   06/14/02 - CA closed the week at 17.08, about where it closed last week. The Dow was down for the week. This week Bank of America (which started life in California as Bank of Italy) initiated coverage of CA with a buy recommendation and a price target of $23   05/31/02 - CA closed the week at 17.36. The company will web cast it's quarterly financial analysts meeting on Monday. The cast is available at ca.com/invest   05/28/02 - This weeks Economist reported that Ranger (i.e. Wyly) is preparing another assult, this time directly on the CA Board. (Last years battle netted only 25% of the vote by targeting CA sales and services practices.) Times have changed. Wang and Wyle both claim to be changed men, but both have long standing (and quite similar) reputations to live down. CA closed (essentially) unchanged today at 17.53.   05/24/02 - CA Closed the week at 17.55 in a down week for the dow. Reuters reported that 13 of the largest 20 holders of the stock have done some dollar cost averaging. The two largest holders (Fidelity & Walter Haefner) have reduced their exposure.   05/19/02 - CA Closed the week at $17.56. The board made some governance changes based on recommendations by the new Harvard guy. Max inside directors set to 3 and a lead outside director appointed (one year term). Will provide some continuity if SEC/DOJ investigation forces CW & SJ out. Two balance sheet problems will hit in the next two years. On the liability side lots of long term debt is comming due. On the asset side the company did not adopt SFAS 142 until Apr 1. I suspect goodwill imparement will become an issue.   05/15/02 - CA broke even on a "lets pretend" (pro forma) basis. The sort of real number was a loss of $.41 per share which was much better than the $.71 loss in Q4 fy 01. I used the term sort of because I doubt that CA accounts for options as a cost. (that's allowed under gaap) CA closed yesterday at $19.10. Today the SEC & DOJ formalized their investigation into CA's accounting practices (re the big bonus). Ca closed at $17.75   05/10/02 - CA closed the week at $17.40, about the midpoint of the days trading range. Reuters reported that Fidelity sold 31.9 million shares in the first four months of this year. They still have a 6.5% stake. CA reports earnings next Tuesday.   05/03/02 - CA closed last week at 18.01 up $.16 on a day that many software stocks lost ground. Saw no significant CA news last week 04/28/02 - CA closed the week at $18.00. The week was grim for The Dow in general and Software in particular. CA did settle a DOJ inventigation re the Platinum merger by paying a $638,000 fine. The DOJ investigation re CA inflating revenue's so that Sanjay et. al. could share a $1 billion bonus is still open. The board battle last year cost Sam $10 million. Haven't seen anything to indicate that he's reaching in his pocket again.   04/19/02 - Justice opened then closed an investigation into the Sterling purchase this week. CA closed 19.11 up .62 on the day.   04/16/02 - Charles Wang exercised stock options for 46,910 shrs on the 13th and Ira Zar did the same on the 15th for 3,037 shrs. The shrs cost them about $4.26 ea. CA stock closed today at $19.80   04/15/02 - Reuters reported that Prudential cut its rating from buy to hold on CA. Stock is at 19.60 down 1.58 from Fri. close   04/09/02 - Bloomberg reported yesterday that CA's expect loss last quarter (the sixth is a row) will be less than expected (pro forma). The article also suggested that CA was selling more low cost soft ware and less high cost software (...do tell) I wonder if Advantage Gen pro-rata booked revenues reflect that? CA stock was at 20.60 around midday today.   03/28/02 - CA ended the quarter at 21.89, up 1.13 on the day No important news that I saw other than the Board Thing and the Wyly thing Other Companies that were badly beaten up this quarter also did well.   03/27/02 - Reuters reported yesterday that BusinessWeek declined to rank CA and four other companies (also under SEC investigation) in its annual S&P 500 ratings issue. Apparently BusinessWeek "couldn't take at face value some reported numbers". Separately CA appointed an Accounting superstar to the board and Sam Wyly may be preparing for a fight again. CA also apointed a governance guy to the board to replace the member that was appointed the last time Wyly tried to unseat board members.   03/23/02 - CA closed the week at $20.49. Most of the gain came on Tuesday. Didn't see any news then but Zacks later upgraded the stock based on projected earnings. Not to be outdone by Sanjay, 03/14/02 - CA closed the week at $18.50. A class action suit was filed in N.Y. (this week?) against CA. The law firm is apparently still looking for a lead plaintiff(s). One of the allegations is that CA must have forgotten to back out previously claimed license revenue when it introduced it's new revenue reporting business model (Is that double dipping?) CA is on the cutting edge of accountng. Not only does it report pro-forma (i.e. "as if" some might say "lets pretend") but also it reports revenue pro-rata. One analyst on a talking head show suggested a recently reported $4.00 profit could be converted to a $.50 loss using Generally. Accepted Accounting Principles (GAAP). CA is also ahead of the curve in recent suggestions that auditors be periodically changed. CA used E & Y in 1999 and KPMG in 2000 and 2001. FY 2002 ends this month. Sanjay Kumar (who sold 2,395,239 shares on 02/22/02 at 15.31 per) stands firmly behind the company's accounting methods.   03/09/02 - CA closed the week at 18.65. The stock may have been up on reports of insider buying. Mr. RANIERI (Director) paid about 15.81 for 65k shrs. on 02/22. Mr. QUINN (officer) paid about 15.25 for 3k shrs on the same day. Mr. D AMATO (Director) paid about 17.93 ea for 30k shrs on 02/26. Separately, Mr. ARTZT (officer and director) sold 200k shrs on 01/30 for about 7.1 million (35.37/shr.) Those shares cost him 1.8 million on 12/19/01 (stock option exercise)   03/01/02 - CA closed at $16.90 today up .62 on the day. After the close, Reuters reported that Moody's down graded CA's 3.4 billion in senior unsecured debt one tick. The downgrade will make re-financing debt more expensive.   02/22/02 - Sanjay Kumar apparently confirmed to Reuters today that both U.S. Attorney's office and the Securities and Exchange Commission were investigating Computer Associates. CA stock hit an intra-day seven year low and closed down 15.9% or $3 to $15.90. CA was the most actively traded stock on the NYSE.

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