CA to Host Webcast to Clarify Erroneous Media Reports Of Company's Financial Position and New Business Model

Apr 29, 2001, 01:00 ET from Computer Associates

    NEW YORK, April 29 /PRNewswire/ --
 
     Who:  Sanjay Kumar, CA President and CEO
           Ira Zar, CA Chief Financial Officer
 
     When: 8:30AM EDT Monday, April 30, 2001
 
     What: In October 2000, CA instituted a new means of licensing software
           with a resulting change to revenue recognition that is more
           conservative, and provides greater predictability and transparency
           of financial results.  Under this new Business Model, CA is now
           reporting results using both GAAP and pro forma pro rata methods.
           CA has referenced an attestation report from KPMG LLP, its
           independent auditor, for the 2000 fiscal year in a Form 8-K filing.
           Earnings under the new Business Model are intended to more closely
           mirror cash flow.  In the quarter ended March 31, 2001, more than 95
           percent of new business was concluded under the new Business Model.
 
     Why:  CA management believes that a full and fair disclosure is needed in
           an open forum to clarify the impact of the new Business Model, and
           to address misleading and erroneous statements published in a news
           article over the weekend.
 
     How:  Visit http://ca.com/apr30call .  This link will be available
           10 minutes before the scheduled start of the Webcast.  The Webcast
           will be available as an archive from the same URL following the
           call.
 
     The Webcast is open to all investors, media representatives and other
 interested parties.
 
     About Computer Associates
     Computer Associates International, Inc. (NYSE:   CA) delivers The Software
 That Manages eBusiness.  CA's world-class solutions address all aspects of
 eBusiness process management, information management, and infrastructure
 management in six focus areas: enterprise management, security, storage,
 eBusiness transformation and integration, portal and knowledge management, and
 predictive analysis and visualization.  Founded in 1976, CA serves
 organizations in more than 100 countries, including 99 percent of the Fortune
 500 companies.  For more information, please visit http://ca.com .
 
     Statements herein concerning Computer Associates' future prospects are
 "forward-looking statements" under the Private Securities Litigation Reform
 Act of 1995.  There can be no assurances that future results will be achieved,
 and actual results could differ materially from forecasts and estimates.
 Important factors that could cause actual results to differ materially
 include:  the risks associated with changes in the company's business model;
 the risks associated with changes in the way in which the company accounts for
 license revenue; the difficulties of compiling pro forma financial
 information, given acquisitions over time; instability resulting from changes
 to the company's business model; the significant percentage of CA's quarterly
 sales consummated in the last few days of the quarter making financial
 predictions especially difficult and raising a substantial risk of variance in
 actual results; changes in industry accounting guidance; the emergence of new
 competitive initiatives resulting from rapid technological advances or changes
 in pricing in the market; the risks associated with new product introductions
 as well as the uncertainty of customer acceptance of these new or enhanced
 products from either CA or its competition; risks associated with the entry
 into new markets such as professional services; the risks associated with
 integrating newly acquired businesses and technologies; dependency on large
 dollar licensing transactions; delays in product delivery; reliance on
 mainframe capacity growth; the ability to recruit and retain qualified
 personnel; business conditions in the distributed systems and mainframe
 software and hardware markets; uncertainty and volatility associated with
 Internet and eBusiness related activities; use of software patent rights to
 attempt to limit competition; fluctuations in foreign currency exchange rates
 and interest rates; the volatility of the international marketplace;
 uncertainties relative to global economic conditions; and other risks
 described in filings with the Securities and Exchange Commission.
 
     Computer Associates International, Inc. One Computer Associates Plaza,
 Islandia, N.Y. 11749. All trademarks, trade names, service marks, and logos
 referenced herein belong to their respective companies.
 
 

SOURCE Computer Associates
    NEW YORK, April 29 /PRNewswire/ --
 
     Who:  Sanjay Kumar, CA President and CEO
           Ira Zar, CA Chief Financial Officer
 
     When: 8:30AM EDT Monday, April 30, 2001
 
     What: In October 2000, CA instituted a new means of licensing software
           with a resulting change to revenue recognition that is more
           conservative, and provides greater predictability and transparency
           of financial results.  Under this new Business Model, CA is now
           reporting results using both GAAP and pro forma pro rata methods.
           CA has referenced an attestation report from KPMG LLP, its
           independent auditor, for the 2000 fiscal year in a Form 8-K filing.
           Earnings under the new Business Model are intended to more closely
           mirror cash flow.  In the quarter ended March 31, 2001, more than 95
           percent of new business was concluded under the new Business Model.
 
     Why:  CA management believes that a full and fair disclosure is needed in
           an open forum to clarify the impact of the new Business Model, and
           to address misleading and erroneous statements published in a news
           article over the weekend.
 
     How:  Visit http://ca.com/apr30call .  This link will be available
           10 minutes before the scheduled start of the Webcast.  The Webcast
           will be available as an archive from the same URL following the
           call.
 
     The Webcast is open to all investors, media representatives and other
 interested parties.
 
     About Computer Associates
     Computer Associates International, Inc. (NYSE:   CA) delivers The Software
 That Manages eBusiness.  CA's world-class solutions address all aspects of
 eBusiness process management, information management, and infrastructure
 management in six focus areas: enterprise management, security, storage,
 eBusiness transformation and integration, portal and knowledge management, and
 predictive analysis and visualization.  Founded in 1976, CA serves
 organizations in more than 100 countries, including 99 percent of the Fortune
 500 companies.  For more information, please visit http://ca.com .
 
     Statements herein concerning Computer Associates' future prospects are
 "forward-looking statements" under the Private Securities Litigation Reform
 Act of 1995.  There can be no assurances that future results will be achieved,
 and actual results could differ materially from forecasts and estimates.
 Important factors that could cause actual results to differ materially
 include:  the risks associated with changes in the company's business model;
 the risks associated with changes in the way in which the company accounts for
 license revenue; the difficulties of compiling pro forma financial
 information, given acquisitions over time; instability resulting from changes
 to the company's business model; the significant percentage of CA's quarterly
 sales consummated in the last few days of the quarter making financial
 predictions especially difficult and raising a substantial risk of variance in
 actual results; changes in industry accounting guidance; the emergence of new
 competitive initiatives resulting from rapid technological advances or changes
 in pricing in the market; the risks associated with new product introductions
 as well as the uncertainty of customer acceptance of these new or enhanced
 products from either CA or its competition; risks associated with the entry
 into new markets such as professional services; the risks associated with
 integrating newly acquired businesses and technologies; dependency on large
 dollar licensing transactions; delays in product delivery; reliance on
 mainframe capacity growth; the ability to recruit and retain qualified
 personnel; business conditions in the distributed systems and mainframe
 software and hardware markets; uncertainty and volatility associated with
 Internet and eBusiness related activities; use of software patent rights to
 attempt to limit competition; fluctuations in foreign currency exchange rates
 and interest rates; the volatility of the international marketplace;
 uncertainties relative to global economic conditions; and other risks
 described in filings with the Securities and Exchange Commission.
 
     Computer Associates International, Inc. One Computer Associates Plaza,
 Islandia, N.Y. 11749. All trademarks, trade names, service marks, and logos
 referenced herein belong to their respective companies.
 
 SOURCE  Computer Associates