CA is shrinking its business. In response to CA being a smaller company, the stock is selling off. Yes, the company receives money when selling its assets but it's using that money for purposes other than expanding its market share ( dividends and expenses).
...what do you think? Strategic or Financial buyer? I am thinking Financial.
All good if this gets done. Sold Erwin, sold anti-virus - all non -strategic. Getting rid of ARCserve is another good step in the right direction.
'CA Technologies Announces Executive Changes
Amit Chatterjee joins CA to lead Enterprise Solutions Group
Peter Griffiths to leave the company
NEW YORK, May 14, 2014 —CA Technologies (NASDAQ: CA) today announced the appointment of Amit Chatterjee as executive vice president, Enterprise Solutions and Technology Group, effective immediately.
Chatterjee will have overall responsibility for strategy and execution across the full portfolio of Enterprise businesses, from development to commercialization. In addition, Chief Technology Officer John Michelsen will now report directly to Chief Executive Officer Mike Gregoire. Peter Griffiths, who served as executive vice president, Enterprise Solutions and Technology Group since 2011, will leave the company to pursue other interests.
“I would like to thank Peter for his many contributions to CA over the last three years and wish him well in his future endeavors,” said Gregoire.
Chatterjee brings a 20-year track record of success in technology and software at both high-growth start-ups and global multinationals. Fortune Magazine named him “Top 40 Under 40” in 2010, and Ernst & Young named him as “Entrepreneur of the Year – Venture Capital” in 2011. He will be based at CA’s Silicon Valley Technology Center in Santa Clara, California
“Amit is a successful innovator, business builder and team leader, and I am excited to have attracted an executive with his unique experience and capabilities to our company,” said Gregoire. “His proven ability to connect innovation to opportunity and develop differentiated solutions is exactly what we need to further strengthen our portfolio, serve our customers and drive our continued success.”
Among his many accomplishments, Chatterjee was the founder and CEO of Hara, a cloud-based, Software-as-a-Service company that provides enterprises with the data and information they need to manage energy consumption. He also held senior executive positions at SAP, including senior
When did Sanjay become CEO? Did uncle Al tell Charles that an investigation was coming? So many questions. Did Sanjay's wife stand by him? Did she take the money and run? Lost growth years with his children. Sanjay does it hurt?
Register Number: 71321-053
Located at: Miami FCI
Release Date: 01/25/2018'
correct. However, in addition, the former CEO did not have, or indeed signfincantly increase, CA office locations in Connecticut. The current CEO has secured significantly larger premises in Calfornia for its CA office (HQ to be IMO).
Since CA has not announced anything about moving its HQ to California, then yes it is a "rumor". It may be a good rumor but it just a rumor. As for the CEO maintaining his house in California - the former CEO maintained his house in Connecticut but CA did not move it HQ to there either.
Stock update: CA trending lower for last 3 months, lower highs and lower lows.
So the CEO maintains his house in California. The new EVP of Products announced recently will work out of CA's California's office. You still think CA's HQ moving to California is a lame rumor?
CA-Erwin? Yes, it makes real good sense for the company to buy CA-Erwin because, as you said, " Very good product, excellent margins". As for CA - they sold a profitable business and received cash. It might be perceived as a negative since when does a company sell a "profitable" business because it's "strategic" ? How does "strategic" help the bottom line when you sell a "profitable" business? More likely, CA sold CA-Erwin because they needed the cash.
actually makes sense. Very good product, excellent margins, but small addressable maket space and not at all strategic to CA.
it's been about a month since my "end of the run" post and CA has trended lower since then. No new highs, but many more lows. In poker there's a saying, "You can't win by folding", and with CA, "you can't manufacture a successful business through selling off units and laying off employees".