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The Art of Management Software
2004 ANNUAL REPORT
Fiscal Year Ending March 2004
COMPUTER ASSOCIATES 2004

Table of contents

  • Page 1
    The Art of Management Software C O M P U T E R A S S O C I AT E S 2 0 0 4 2 0 0 4 A N N U A L R E P O RT Fiscal Year Ending March 2004

  • Page 2
    LETTER TO OUR SHAREHOLDERS LEADERSHIP TEAM MANAGING TECHNOLOGY MANAGING THE COMPLEX MANAGING ON-DEMAND COMPUTING SM 2 5 8 12 16 20 23 25 USING TECHNOLOGY TO SUCCEED BOARD OF DIRECTORS FORM 10-K ©2004 Artists Rights Society (ARS), New York/ADAGP, Paris FINANCIAL SUMMARY Front Cover Painting: ...

  • Page 3
    The Big Picture CA believes the key to realizing technology's potential is managing it. Success is achieved through management software that can simplify the complex and balance efficiency with the ability to harness new technologies. Artwork: Jody Dole, New York City

  • Page 4
    ...performance and success. The Audit Committee found that, for several years prior to the adoption of CA's new Business Model in October 2000, CA had a practice of prematurely recognizing revenue on license agreements. This practice involved holding the financial period open after the end of a fiscal...

  • Page 5
    ... delivered new software solutions for managing on-demand computing, networked storage, security management and Web services, to name a few. To date, we have more than 280 patents with more than 1,345 patent applications pending worldwide for software solutions designed to help our customers succeed...

  • Page 6
    ... a solution to this problem: better management software - from the management software experts. CA is ideally positioned to help our customers manage their complex IT infrastructures because our software is complete, integrated and open. By complete, we mean operations, storage, security, and life...

  • Page 7
    ... Executive Vice President Worldwide Sales 6 Kenneth D. Cron Interim Chief Executive Officer 7 Andrew Goodman Senior Vice President Human Resources 8 Christine Glynn Senior Vice President Customer Support 4 5 6 7 8 9 10 9 Yogesh Gupta Senior Vice President Chief Technology Officer 10 Kenneth...

  • Page 8
    Artwork: Damian Aquiles, Havana C A 2 0 0 4 A N N U A L R E P O R T | PA G E 6

  • Page 9
    With superior management software, customers can realize all the benefits of their current IT resources, while ensuring that they are prepared to meet the business challenges of the future. C A 2 0 0 4 A N N U A L R E P O R T | PA G E 7

  • Page 10
    ... of customers' assets; and is integrated and complete. CA's solutions are designed to enable companies to benefit from a range of current and emerging trends, such as managing on-demand computing, Web services, wireless technology, the Linux operating system and even grid computing, where companies...

  • Page 11
    .... We use a number of CA products to run our data center operations and were recently able to integrate a major acquisition quickly, without interrupting service to our customers. In fact, we increased service levels. We believe technology is a competitive differentiator that can help us increase the...

  • Page 12
    Artwork: Thierry Feuz, New York City C A 2 0 0 4 A N N U A L R E P O R T | P A G E 10

  • Page 13
    IT systems are complicated enough. Management software shouldn't be. Simplicity is at the heart of what CA delivers and what customers are finding relevant. C A 2 0 0 4 A N N U A L R E P O R T | P A G E 11

  • Page 14
    ... by offering high-quality software designed to help customers manage their complex IT environments simply and efficiently. Management software from CA covers operations, storage, security, life cycle and service management - a range of key technology needs. CA's management software solutions are...

  • Page 15
    ... and improve service without increasing head count. Our CA partnership has put us well on our way to realizing the benefits of managing on-demand computing with our existing infrastructure." - Leon Billis, President and Chief Executive Officer, AXA Technology Services, a subsidiary of the AXA Group...

  • Page 16
    Artwork: Peter Wegner, New York City C A 2 0 0 4 A N N U A L R E P O R T | P A G E 14

  • Page 17
    Managing on-demand computing means managing your infrastructure so that IT is strategic and integral to your business. C A 2 0 0 4 A N N U A L R E P O R T | P A G E 15

  • Page 18
    ... the "IT stack" from the network to the desktop. It's about software management tools that enable customers to use what they already have in an integrated, efficient way, so they can harness new technologies to help drive their businesses. With solutions that are integrated and open, CA believes we...

  • Page 19
    Artwork: Bradley Wester, New York City C A 2 0 0 4 A N N U A L R E P O R T | P A G E 17

  • Page 20
    Artwork: Martin Jarre, Paris C A 2 0 0 4 A N N U A L R E P O R T | P A G E 18

  • Page 21
    CA invests more than $650 million annually in research and development to deliver critical software solutions to our customers. Today, thousands of companies worldwide, including more than 95 percent of the Fortune 500 , rely on our software to manage their businesses. ® C A 2 0 0 4 A N N U A L R ...

  • Page 22
    ..., storage, security, and life cycle and service management. This new approach is complete, integrated and open. Complete because it's all that software customers need to manage their infrastructures. Integrated because it provides integrated data, processes and user experiences. And open because CA...

  • Page 23
    ... believe the relationship we have developed with CA helps us in our effort to offer superior solutions based on customer-centric innovation." - Ajay Marathe, Corporate Vice President, Information Technology and Supply Chain Management, and President, AMD India Artwork: Gerard Fritz, North Carolina...

  • Page 24
    ... hundreds of user groups that offer a forum for technical discussions and evaluation of product enhancement requests. SM Artwork: Tony Feher, New York City All of these efforts are aimed at helping ensure that CA solutions are of high quality, brought to market quickly and designed to address real...

  • Page 25
    ... Associates International, Inc. Founder Hyperion Partners The Honorable Alfonse M. D'Amato Managing Director Park Strategies LLC Compensation and Human Resource Committee Gary J. Fernandes Jay W. Lorsch Lewis S. Ranieri, Chair Corporate Operations Committee Russell M. Artzt Kenneth D. Cron...

  • Page 26
    "From the highest management ranks to the day-to-day account team, Computer Associates has demonstrated its commitment to helping us manage our dynamic IT environment successfully. That doesn't happen by chance. Real-time IT management, especially in our business as the nation's leading digital ...

  • Page 27
    Form 10-K

  • Page 28

  • Page 29
    ... or organization) 13-2857434 (I.R.S. Employer Identification Number) One Computer Associates Plaza, Islandia, New York (Address of principal executive offices) 11749 (Zip Code) (631) 342-6000 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12...

  • Page 30
    ... public offering of common stock in December 1981. We design, market, and license computer software products that allow businesses to efficiently run, manage, and automate critical aspects of their IT operations. Our common stock is traded on the New York Stock Exchange under the symbol "CA." We...

  • Page 31
    ...eTrust™ Single Sign-On, and eTrust™ Web Access Control. • Threat Management - These products are designed to help customers identify and eliminate internal and external threats such as harmful computer viruses; unauthorized access into computing systems; and security weaknesses associated with...

  • Page 32
    ...; refine, analyze, and sort data; create and distribute informative reports; and develop executive dashboards that mirror their business processes. Products include CleverPath™ Portal, CleverPath™ Aion® Business Rules Expert, and CleverPath™ Dashboard Option. Business Model Customers face...

  • Page 33
    ...CA Education - Our education programs are designed to help our customers gain better value from our software. These programs are available at customer sites, CA Learning Centers, and through computer or web-based programs. Sales and Marketing We distribute, market, and support our software products...

  • Page 34
    ..., New Jersey; Princeton, New Jersey; Islandia, New York; Pittsburgh, Pennsylvania; Plano, Texas; and Herndon, Virginia. Internationally, we also perform product development in Australia, China, France, Germany, India, Israel, Japan, and the United Kingdom. Some of our software products were acquired...

  • Page 35
    ... 31, 2004 Employees as of March 31, 2004 Location Department Corporate headquarters ...Other U.S. offices ...International offices ...Total ... 2,500 5,800 7,000 15,300 Product development...Sales and support (including pre-sales and post-sales) ...Professional services ...Information technology...

  • Page 36
    ... for information concerning lease obligations. Item 3. Legal Proceedings. The Company, its former Chairman and CEO Charles B. Wang, its former Chairman and CEO Sanjay Kumar, and Russell M. Artzt were defendants in a number of stockholder class action lawsuits, the first of which was filed July...

  • Page 37
    ... CASH Plan, and the following current or former employees and/or directors of the Company: Charles B. Wang; Sanjay Kumar; Ira Zar; Russell M. Artzt; Peter A. Schwartz; Charles P. McWade; and various unidentified alleged fiduciaries of the CASH Plan. The complaint alleged that the defendants breached...

  • Page 38
    ... in connection with the ongoing joint investigation, and on April 8, 2004, Mr. Zar and two other executives pleaded guilty to charges of conspiracy to obstruct justice and conspiracy to commit securities fraud in connection with the investigation. The SEC filed related actions against each of the...

  • Page 39
    ... also led the worldwide financial reporting function since April 2003, and in August 2000, Mr. Robinson co-founded and was named Executive Vice President and CFO for iCan SP, a Company subsidiary specializing in service management software. He was Senior Vice President - Investor Relations from 1995...

  • Page 40
    ... Securities by the Issuer The following table sets forth, for the months indicated, our purchases of common stock in fiscal year 2004. Monthly periods for which no activity occurred have been excluded: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number...

  • Page 41
    ... for additional information, including a reconciliation of previously reported selected financial data for 2001 and 2000. (2) Effective April 1, 2003, the Company began charging to expense the computed value of all newly granted stock-based compensation over the vesting period. The computed fair...

  • Page 42
    ... operating activities, deferred subscription revenue, or long-term debt. The Audit Committee's investigation found accounting irregularities that led to material misstatements of our financial reports for fiscal years 2001 and 2000, and prior periods. The effect of prior period errors which have an...

  • Page 43
    ..., were associated with contracts that were signed by customers but not signed by the Company prior to the end of the respective quarters. (4) Represents the net revenue adjustment referred to in (2), net of related commission and provision adjustments of $46 million and income taxes of $179...

  • Page 44
    ... revenue is recognized as revenue evenly on a monthly basis over the duration of the license agreements. When recognized, this revenue is reported on the "Subscription revenue" line item on our Consolidated Statements of Operations. If a customer pays for software prior to the recognition of revenue...

  • Page 45
    ... basis and was reported on the "Software fees and other" line item on the Consolidated Statements of Operations. Prior to this expected change, new deferred subscription revenue excludes the value associated with license agreements for maintenance-only agreements, channel sales, and professional...

  • Page 46
    ... improves our customer relationships and encourages greater accountability by the Company to each of our customers. Results of Operations Revenue The following table presents the percentage of total revenue and the percentage of period-over-period dollar change for the revenue line items in...

  • Page 47
    ...average life of license agreements executed under our Business Model was approximately 2.8 years for the fiscal years ending March 31, 2004 and 2003. Thus, annualized deferred subscription revenue, which represents the total value of all new software license agreements signed during a period divided...

  • Page 48
    ... contract bookings in prior periods associated with our European business. Despite an increase in fiscal year 2004 of combined subscription, maintenance, and financing revenue in the United States of approximately $59 million, compared to fiscal year 2003, total revenue in the United States declined...

  • Page 49
    ... creation of CA Technology Services in April 2003, as well as other increases in personnel and related costs. In addition, we incurred legal and other professional service expenses associated with the investigations being conducted by the Audit Committee, the SEC, and the U.S. Attorney's Office of...

  • Page 50
    ...operations and $14 million of bad debt expense related to interBiz. This reduction reflects a decrease in installment accounts receivable related to the prior business model. Product Development and Enhancements For fiscal year 2004, product development and enhancement expenditures, also referred to...

  • Page 51
    ... 2004 associated with the pending investigation by the United States Attorney's Office for the Eastern District of New York and the staff of the Northeast Regional Office of the SEC. The charge was based on an initial offer we made to the government in connection with recent settlement discussions...

  • Page 52
    ... We have amended our Quarterly Reports on Form 10-Q for the quarterly periods in the fiscal year ended March 31, 2004. The primary purpose of the restatement is to correct the method we used to account for subscription revenue associated with Business Model contracts that replaced existing Business...

  • Page 53
    ...of the GoAP to secure our title to the 30-acre site. To date, excluding employee-related costs such as salaries, relocation, housing, training, and transportation, we have invested approximately $3.5 million in connection with operations of the India Technology Center, related capital equipment, and...

  • Page 54
    ... of New York approved the settlement of all outstanding litigation related to past accounting issues. Included in the settlement are both shareholder and ERISA class action suits and related derivative litigation. As part of the settlement, we agreed to issue to the shareholder classes a total of...

  • Page 55
    ..., we named Kenneth D. Cron, an independent Director, Interim Chief Executive Officer. Mr. Cron joined our Board of Directors in 2002. On April 26, 2004, as a result of the independent investigation by the Audit Committee, we filed with the Securities and Exchange Commission a Current Report on Form...

  • Page 56
    ... slightly from that of fiscal year 2004 as new products are brought to market; • As previously disclosed, the Company will be offering more flexible licensing terms to its channel partners and beginning July 1, 2004, we will account for this channel revenue on a subscription, or ratable, basis. We...

  • Page 57
    ...term of the license agreement beginning upon completion of the four SOP 97-2 recognition criteria noted above. For license agreements signed prior to October 2000 (the prior business model), once all four of the above noted revenue recognition criteria were met, software license fees were recognized...

  • Page 58
    ... the allowance for doubtful accounts to continue to decline as net installment accounts receivable under the prior business model are billed and collected. Under our Business Model, amounts due from customers are offset by deferred subscription revenue (unearned revenue) related to these amounts...

  • Page 59
    ... quarter of each fiscal year, which is consistent with fiscal year 2004, but may not be indicative of future option grants. We have assumed $11 million in contributions for each offer period related to the Year 2000 Employee Stock Purchase Plan. We have assumed all other variables to be the same as...

  • Page 60
    ... costs; The size of licensing transactions; Reorganizations of the sales and technical services forces; The results of litigation, including the government and internal investigations; Ability to retain and attract qualified personnel; and Reaction of customers to our Business Model. Any of the...

  • Page 61
    ... ongoing joint inquiry being conducted by the staff of the Northeast Regional Office of the Securities and Exchange Commission and the United States Attorney's Office for the Eastern District of New York concerning certain of our accounting practices. On January 8, 2004, we received a "Wells Notice...

  • Page 62
    ... conditions. Our products are designed to improve the productivity and efficiency of our customers' information processing resources. However, a general slowdown in the world economy or a particular region could cause customers to delay or forgo decisions to license new products or to upgrade...

  • Page 63
    ... Microsystems, HP, and other large computer manufacturers, have substantial resources, a larger installed base of customers in any particular market niche, as well as the ability to develop and market software programs similar to and competitive with the products offered by us. Additionally, these...

  • Page 64
    ... of significant license agreements, changes in earnings estimates by analysts, announcements of technological innovations or new products by us or our competitors, changes in domestic and international economic and business conditions, general conditions in the software and computer industries, and...

  • Page 65
    ...is applicable to all employees and directors, on our website at ca.com/codeofethics. Any amendment or waiver to the Code of Ethics that applies to our directors or executive officers will be posted on our website or in a report filed with the SEC on Form 8-K. The Code of Ethics is available in print...

  • Page 66
    ... filed as Exhibit 4.9 to the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2002, and incorporated herein by reference. 3.2 4.1 By-Laws, as amended. Certificate of Designation of Series One Junior Participating Preferred Stock, Class A of the Company. Rights Agreement...

  • Page 67
    ... 1 to the 1996 Deferred Stock Plan for Non-Employee Directors. 10.5* 10.6 10.7 Previously filed as Exhibit 99.2 to the Company's Form 10-Q for the fiscal quarter ended December 31, 2000, and incorporated herein by reference. Previously filed as Exhibit D to the Company's Annual Report on Form 10...

  • Page 68
    ....16* Computer Associates International, Inc. 2002 Incentive Plan (amended and restated effective as of March 31, 2004). 10.17* 2002 Compensation Plan for Non-Employee Directors. 10.18* 2003 Compensation Plan for Non-Employee Directors. 10.19* Offer letter to Jeff Clarke. Filed herewith. Previously...

  • Page 69
    ...13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. COMPUTER ASSOCIATES INTERNATIONAL, INC. By /s/ KENNETH D. CRON Kenneth D. Cron Interim Chief Executive Officer By /s/ JEFF CLARKE...

  • Page 70
    COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES ISLANDIA, NEW YORK ANNUAL REPORT ON FORM 10-K ITEM 8, ITEM 15(a)(1) AND (2), AND ITEM 15(d) LIST OF CONSOLIDATED FINANCIAL STATEMENTS AND FINANCIAL STATEMENT SCHEDULES CONSOLIDATED FINANCIAL STATEMENTS AND FINANCIAL STATEMENT ...

  • Page 71
    ... REGISTERED PUBLIC ACCOUNTING FIRM The Board of Directors and Stockholders Computer Associates International, Inc. We have audited the accompanying consolidated balance sheets of Computer Associates International, Inc. and subsidiaries as of March 31, 2004 and 2003, and the related consolidated...

  • Page 72
    COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS March 31, 2004 2003 (dollars in millions) ASSETS CURRENT ASSETS Cash and cash equivalents ...Marketable securities ...Trade and installment accounts receivable, net ...Federal and state income taxes receivable ......

  • Page 73
    COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS March 31, 2004 2003 (dollars in millions) LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Loans payable and current portion of long-term debt ...Accounts payable ...Salaries, wages, and commissions......

  • Page 74
    COMPUTER ASSOCIATES INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS Year Ended March 31, 2003 2004 2002 (in millions, except per share amounts) Revenue: Subscription revenue ...Software fees and other ...Maintenance ...Financing fees ...Professional services ...TOTAL ...

  • Page 75
    ... litigation settlement ...Exercise of common stock options, ESPP, and other items...Stock-based compensation, net of tax ...401(k) discretionary contribution ...Purchases of treasury stock ...Reclassification of tax benefit associated with prior period stock options ...Balance as of March 31, 2004...

  • Page 76
    ... and amortization ...Provision for deferred income taxes ...Compensation expense related to stock and international retirement plans Decrease in noncurrent installment accounts receivable, net ...Increase (decrease) in deferred subscription revenue (collected) - noncurrent ...Decrease in deferred...

  • Page 77
    ...of Business: Computer Associates International, Inc. and subsidiaries (the Company) designs, develops, markets, licenses, and supports a wide range of integrated management computer software products. ACCPAC Divestiture: As more fully described in Note 2, in fiscal year 2004 the Company divested its...

  • Page 78
    ... and license revenue is recognized on a monthly basis ratably over the term of the agreement and is reported on the "Subscription revenue" line item on the Consolidated Statements of Operations. The Company records stand-alone maintenance revenue earned from customers who elect optional maintenance...

  • Page 79
    ... related to distribution partners and OEMs is sometimes referred to as the Company's "indirect" or "channel" revenue. Financing Fees: Accounts receivable resulting from prior business model product sales with extended payment terms were discounted to their present value at the then prevailing market...

  • Page 80
    ...No. 86, "Accounting for the Costs of Computer Software to be Sold, Leased, or Otherwise Marketed," internally generated software development costs associated with new products and significant enhancements to existing software products are expensed as incurred until technological feasibility has been...

  • Page 81
    ... the vesting period, and no compensation expense was recognized for fixed stock options with exercise prices equal to the market price of the stock on the dates of grant and shares acquired by employees under the Company's stock purchase plans. Beginning in fiscal year 2004, the Company adopted the...

  • Page 82
    ... is lower than the expected life used in prior year computations due to a reduction in the average vesting period. The weighted-average fair value of the Year 2000 Employee Stock Purchase Plan (the Purchase Plan) shares for offering periods commencing in fiscal years 2004, 2003, and 2002 was $7.28...

  • Page 83
    ... revenue - current" (a component of net trade and installment accounts receivable - current) on the Consolidated Balance Sheet and within Note 5 to conform to the March 31, 2004, presentation. As a result of this reclassification, the Company reclassified $291 million of a deferred tax liability...

  • Page 84
    ... were transferred to the acquirer as part of this transaction. Acquisitions During fiscal year 2004, the Company made several strategic acquisitions to complement certain of its product lines. These include the acquisition of eSecurity Online, a maker of security and security-related software...

  • Page 85
    ... year 2000, the Company acquired PLATINUM and Sterling. The Company has not completed any acquisitions since March 2000 that generated additional acquisition-related liabilities. Accrued acquisition-related costs and changes in the accruals related to the acquisitions of PLATINUM and Sterling were...

  • Page 86
    ... is principally engaged in the design, development, marketing, licensing, and support of integrated management computer software products operating on a wide range of hardware platforms and operating systems. The Company does not manage its business by solution or focus area and therefore does...

  • Page 87
    ... the Company's Business Model, which will amortize into revenue over the respective license agreement term. Trade and installment accounts receivable consist of the following: March 31, 2004 2003 (in millions) Current: Billed accounts receivable ...Unbilled amounts due within the next 12 months...

  • Page 88
    ...) may have a fair value greater than that reported on the balance sheet. Currently, amounts due from customers under the Company's Business Model are offset by unearned revenue related to these license agreements, leaving no or minimal net carrying value on the balance sheet for such amounts. The...

  • Page 89
    ... maturity date of December 15, 2009. We capitalized the initial transaction fees associated with the 1.625% Notes, which totaled approximately $12 million. These fees are being amortized over the period through maturity of the 1.625% Notes in the "Interest expense, net" line item on the Consolidated...

  • Page 90
    ... CP program is currently rated NP (Not-Prime) by Moody's Investors Service (Moody's) and is on stable outlook. Any future issuances of CP will be supported by cash and marketable securities on hand and undrawn amounts available under the 2002 Revolving Credit Facility. International Line of Credit...

  • Page 91
    ... CASH Plan, and the following current or former employees and/or directors of the Company: Charles B. Wang; Sanjay Kumar; Ira Zar; Russell M. Artzt; Peter A. Schwartz; Charles P. McWade; and various unidentified alleged fiduciaries of the CASH Plan. The complaint alleged that the defendants breached...

  • Page 92
    ... of the Company's accounting practices, including its revenue recognition procedures in periods prior to the adoption of the Company's Business Model in October 2000. On January 8, 2004, the Company received a "Wells Notice" from the staff of the SEC. The Wells Notice notifies the Company that the...

  • Page 93
    ... Data." Additional information can also be found in the Form 8-K the Company filed with the SEC on April 26, 2004. The Audit Committee believes that the Company's financial statements under its current Business Model are unaffected by the accounting practices that were in place prior to the adoption...

  • Page 94
    ... tax assets: Modified accrual basis accounting ...Acquisition reserves ...Class action settlement ...Accrued expenses ...Foreign Net operating losses ...Valuation allowance ...Other(1) ...Total deferred tax assets ...Deferred tax liabilities: Modified accrual basis accounting ...Purchased software...

  • Page 95
    ... for nonstatutory options to purchase up to a total of 337,500 shares of common stock of the Company to be available for grant to each member of the Board of Directors who is not otherwise an employee of the Company. Pursuant to the 1993 Plan, the exercise price shall be the fair market value (FMV...

  • Page 96
    ... 2003 Director Plan. As of March 31, 2004, all of the options covering 3.5 million shares of common stock were outstanding related to acquired companies' stock plans and are exercisable at $5.41 - $51.17 per share. Options granted under these acquired companies' plans become exercisable over periods...

  • Page 97
    ... 10 - Profit-Sharing Plan The Company maintains a defined contribution plan, the Computer Associates Savings Harvest Plan (CASH Plan), for the benefit of the U.S. employees of the Company. The CASH Plan is intended to be a qualified plan under Section 401(a) of the Internal Revenue Code of 1986 (the...

  • Page 98
    ... decline as net installment accounts receivable under the prior business model are billed and collected over the remaining life. Under the Company's Business Model, cash is often received prior to revenue recognition, thus reducing the need to provide for estimated bad debt associated with recorded...

  • Page 99
    ... Ltd. Computer Associates Think, Inc. iCan-SP, Inc. Miramar Systems, Inc. Philippine Computer Associates International, Inc. Premier Management Insurance, Inc. PT Computer Associates Sterling Software, Inc. Exhibit 21 Jurisdiction of Incorporation Germany India Israel Spain Delaware Spain New York...

  • Page 100
    ... of the Annual Report on Form 10-K, filed with the Securities and Exchange Commission, is available without charge upon written request addressed to: Investor Relations Computer Associates International, Inc. One Computer Associates Plaza Islandia, NY 11749 General Company information and quarterly...

  • Page 101
    Back Cover Sculpture: Aristides Logothetis, New York City For more information about CA, visit ca.com

  • Page 102
    ca.com © 2004 Computer Associates International, Inc. (CA). All trademarks, trade names, service marks and logos referenced herein belong to their respective companies. Printed in the U.S.A. MP228900604 QG05AR2004E