At Deadline Briefs

Former CA Execs Admit to Fraud

Three former finance executives at Computer Associates International Inc. pleaded guilty to securities fraud and conspiracy charges related to improper booking of sales during the company's 2000 fiscal year. Among those entering pleas was former Chief Financial Officer Ira Zar. A fourth former CA official pleaded guilty in January; all four were forced to resign in October.

In a statement, the U.S. attorney for the Eastern District of New York said the guilty pleas "demonstrate the corrupt culture in Computer Associates' management." CA previously acknowledged that revenue was improperly recognized through the use of a "35-day month" approach, in which sales were booked after a quarter ended.

Last week, CA said the ongoing federal probe could result in charges against other executives. In addition, the company noted that its audit committee is close to finishing an internal investigation and an assessment of whether CA will have to restate any financial results.

Sun's Cuts Prompt Processor Changes

Sun Microsystems Inc. said it's dropping plans to develop an UltraSparc V high-end processor and a chip called Gemini for low-end servers. Instead, Sun will focus on developing a pair of server chips code-named Rock and Niagara. The changes are part of the downsizing that Sun announced two weeks ago.

Vendors Team on Cobol Migration

Microsoft Corp. and Micro Focus International Ltd. in Rockville, Md., said they're teaming up to support migration of Cobol mainframe applications to Windows servers. The deal is built around the use of rehosting software developed by Micro Focus.

Copyright © 2004 IDG Communications, Inc.

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