Forum for Shareholders of CA, Inc.

Forum Home Page

Pending Status

Forum activities relating to CA, Inc. are temporarily suspended pending release of a court-appointed Examiner's report on management compliance with a Deferred Prosecution Agreement.

CA Forum Home Page

CA Research Reference



Sent: Tuesday, November 14, 2006 8:29 AM
Subject: Activist investor no longer holds CA stock

In its quarterly SEC Form 13F filing this morning, the activist fund Relational Investors LLC reported that as of 9/30/06 it no longer held any shares of CA.  As recently as its August Form 13F report for the period ending 6/30/06, Relational Investors had reported holding 29,316,054 CA shares (5.17% of the total outstanding).
It had been reported in March 2006 that Relational Investors intended to press for changes at CA, believing that the stock was undervalued by 30%.  (CA stock was trading in the $27-28 range at the time, compared with its recent range under $25.)  The fund's interest in CA was first reported in September 2004.
             - GL
Gary Lutin
Lutin & Company
575 Madison Avenue, 10th Floor
New York, New York 10022
Tel: 212/605-0335
Fax: 212/605-0325



The Forum is open to all Computer Associates ("CA") shareholders, whether institutional or individual, and to any fiduciaries or professionals concerned with their investment decisions.  Its purpose is to provide shareholders with access to information and a free exchange of views on issues relating to their evaluations of alternatives, as described in the Forum Summary.

There is no charge for participation.  As stated in the Conditions of Participation, participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

Inquiries and requests to be included in the Forum's distribution list may be addressed to

The material presented on this web site is published by Gary Lutin, as chairman of the Shareholder Forum.