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Broadcom Buying CA For $19 billion (axios.com)

Posted by msmash on from the breaking-news dept.

Broadcom on Wednesday announced plans to buy IT management software company CA for $18.9 billion in cash, just months after U.S. regulators blocked Broadcom's deal to buy fellow chip-maker Qualcomm.

Some history of CA, via CNBC reporter Ari Levy: 14 years ago CA was called Computer Associates. The former CEO was charged with securities fraud, conspiracy and obstruction of justice. The lead prosecutor was a Deputy Attorney General by the name James Comey. "The investigators in this case went up against highly sophisticated and allegedly corrupt corporate executives who used every means at their disposal to delay, deceive and derail the government's investigation," Comey said. "The Computer Associates story also includes a failed cover-up, replete with lies to government investigators, lies under oath, and the use of attorneys to obstruct and impede the government's investigation of this fraud," he said.

5 of 47 comments (clear)

  1. CA by ceeam · · Score: 4, Funny

    Oh, a software company. I thought California costs a little more.

  2. Elephant graveyard... by Anonymous Coward · · Score: 4, Informative

    I always thought of CA as the place where old software goes to die, or at least be sold without any intent to improve or even support it

    1. Re:Elephant graveyard... by David_Hart · · Score: 2

      I always thought of CA as the place where old software goes to die, or at least be sold without any intent to improve or even support it

      Yep. CA bought up smaller, established, but failing software companies that had a market for at least one decent software title. They would then fire all of the developers and use the software titles as cash cows. wash, rinse, repeat. They made a decent business out of this strategy.

      On one hand, you have to admire them for successfully using this strategy for so long. On the other had, it was always frustrating when a useful piece of software was bought up by CA as it meant that you would have to find an alternative....

  3. And nothing of value was acquired... by ndykman · · Score: 2

    CA is where software is put to pasture and slowly dies. It seems like this is okay, but they will charge you quite a premium to use it until it finally keels over. Honestly, I can say that it is worth the effort o remove anything they have from your organization. Or move to another one if you can.

  4. Hooray, more mergers and acquisitions by rsilvergun · · Score: 2

    I'm sure this ill only increase competition and lower prices.

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