CA CEO: IT is too complex
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Editor&#39;s Summary: The new CEO at Computer Associates has spoken! He said in a speech this week that IT products are not being designed with the customers&#39; needs in mind and that the products out there are too complex.
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CA's move to focus all its product names around a single "CA" master brand and a clear product descriptor is being driven by the company's ongoing strategy to more tightly integrate its software, according to a CA executive.
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Despite stong second-quarter earnings, Cisco CEO says next few quarters will be challenging.
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The California Institute of Regenerative Medicine is losing its chief scientific officer. It's just the latest kerfuffle in a year of management missteps.
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Several key executives in that group were fired during the quarter following a botched order-processing system migration. HP CEO Carly Fiorina said the problems with the system have been resolved.
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CEO Benioff &amp; Co. are more of a &quot;disruptive force&quot; in the software industry than ever before. By Tony Kontzer. Salesforce.
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NEW YORK - Avoiding any mention of the accounting scandal that has rocked Computer Associates International Inc. (CA), interim Chief Executive Officer (CEO) Kenneth Cron used his keynote speech at the opening of TechXNY Tuesday to place the company at the center of the trend toward on-demand computing.
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(InfoWorld) - Troubled systems management and security software vendor CA aims to get back on track in its current fiscal year after a series of unforeseen setbacks last year, its chief executive officer pledged to shareholders. "2006 was clearly a year of transformation," John Swainson told shareholders at the company's annual meeting in New York Monday, which was also webcast. "We didn't fully deliver on our expectations for 2006. Execution is the theme for CA in 2007." CA had to delay final filing fourth-quarter and full fiscal 2006 financial results twice due to internal stock options investigations and the impact of a new sales-commission plan. "It didn't reflect well on us a company," Swainson said. "Hopefully, it's all behind us." Focusing on the convergence of systems and storage management and on security management software as outlined in the company's Enterprise IT Management (EITM) strategy, Swainson hopes to grow CA from a US$4 billion company to $6 billion by 2009, he said. The watchwords for CA going forward are "unification and simplification," he added. CA spent over $1 billion on nine acquisitions during fiscal 2006, a practice Swainson doesn't see CA repeating in the near future. Instead, the vendor will make "much smaller" purchases in fiscal 2007 and work on integrating into its existing software the technologies it has already acquired, he said. CA continues to be a company haunted by its past. One unidentified shareholder asked why in all of CA's recent ups and downs, the vendor hasn't mentioned Charles Wang, the company's charismatic co-founder and former chairman and CEO and his remuneration from the firm. "Mr. Wang doesn't have an operational role at company," Swainson said. "I've never met with him in my nearly two-year tenure" at CA. Wang is a stockholder, but Swainson said he's unaware of any other involvement the former company head has with CA. Wang's successor at CA, Sanjay Kumar, resigned from the company in 2004 following questions about his role in an accounting fraud in which the vendor recorded revenue before contracts were finalized to beef up quarterly financial results. Kumar was indicted and pleaded guilty to financial fraud charges in April, along with codefendant Stephen Richards, previously head of worldwide sales at CA. The two men are due to be sentenced in October. CA reached a deferred prosecution agreement with the U.S. government in September 2004, requiring the company to pay $225 million to a restitution fund to compensate victims of the fraud. Another shareholder asked about the status of that arrangement. Last week, CA announced an agreement with the U.S. Attorney's Office for the Eastern District of New York and the U.S. Securities and Exchange Commission to extend the term of Lee Richards as an independent examiner overseeing CA's financial reporting until May 1, 2007. Richards' term had been due to expire last Saturday. "The company has largely met the agreements, but material weaknesses still exist," said CA Chairman Lewis Ranieri. "We're working on those areas and hopefully will end Richards' term even before May." CA has paid into the fund and its distribution is being finalized, he added. Ranieri directed CA shareholders to a special Web site -- http://www.computerassociatesrestitutionfund.com/ -- as the official source for information. At the meeting, CA shareholders elected all 11 members of the board to 1-year terms and defeated a stockholder proposal to put in place a poison pill designed to prevent a hostile takeover of the company. Â
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CANNES, FRANCEÂ -- Former Computer Associates International Inc. (CA) Chairman and Chief Executive Officer (CEO) Sanjay Kumar made a surprise appearance at the Etre technology conference in Cannes on Monday, three weeks after his indictment for securities fraud and obstruction of justice.
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As the Internet service provider navigates rough waters, a chief executive known for fiscal prudence takes the helm.
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Even as Sanjay Kumar, the former CEO of Computer Associates, was indicted on accounting fraud charges and CA signed agreements with federal officials to avoid prosecution, some users said they're not giving up on the company's software.
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The chief executive of Citigroup has taken a number of symbolic steps to address concerns by investors that his company is too immense to manage.
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The decision to outsource and offshore is more complicated than just counting costs.
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SAN FRANCISCO - Now that computer systems are bigger and more complex than ever before, industry titan William Coleman figures, it is time they learned how to run themselves.
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BERKELEY, CALIFORNIA - "You can't go wrong in computer science," Microsoft Corp. Chairman and Chief Software Architect Bill Gates told University of California, Berkeley students on Friday. Some students, however, were unhappy with the way Gates responded to questions about increasing competition for jobs from China and India.ADVERTISEMENTSBC Case Study: Crate & BarrelWhat sold them on improving their network? A system that could cut management costs from the get-go. Find out more.
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Federal regulators question the ability of the company's management to correct its extensive problems.
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Intel's chief executive riffs on layoffs, Google and what happens next.