Where is CA going ?

Does CA stand for Computer Associates or inCoherent Acquisitions ?

Computer Associates' buyout of Netegrity made sense. So did the buyout of Concord, though they overpaid. But today's acquisition of Niku didn't make any sense.

CA shareholders have paid a price for all the acquisitions of the past. They will have to do so again when indigestion begins.

If CA wants to reward its shareholders, maybe it should consider taking back some of the performance-related options paid to executives in the past, especially when it was later revealed that a lot of the performance was not real.

Will the SEC ever take more corrective action on restatements, instead of just settling for refiling.