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Computer Associates Sells Ingres DB Tech
Christopher B. Brown writes to tell us Network World is reporting that Computer Associates is selling their Ingres database technology to a private equity firm called Garnett & Helfrich Capital. From the article: "CA released Ingres last year as an open source project, reviving interest in the dormant software. Still, databases have never been a core part of CA's portfolio. CA CEO John Swainson cast the Ingres sale as part of CA's larger effort to streamline the vast collection of applications it amassed through a decade of heavy acquisitions in the 1990s. Ingres came to CA through its 1994 buyout of ASK/Ingres"
My guess is that it is a tax scam. CA can now claim it as a charitable donation and probably won't have to pay any corporate tax for the next ten years.
Oh well, what the hell...
The stockholders in CA probably should be concerned. The management is probably using this private firm purchace to shed money into their own pockets while starving the stockholders. Well that's what this sort of even usually is so it shouldn't surprise anyone if it happens this time. Who knows? Sure enough we are not going to get a list of the owners/managers of the private firm.
Never Politically Correct ~ I prefer the facts If you don't like what I say, get a life, or comment yourself.