Computer Associates Restates Results
From Associated Press
Hoping to move past an accounting scandal that forced its chief executive to resign, Computer Associates International Inc. restated financial results from 2000 and 2001 to reflect $2.2 billion in revenue that was improperly booked.
The software maker also continued to shake up its management, confirming that director Kenneth Cron had been named interim chief executive and installing former Compaq Computer Corp. executive Jeff Clarke as chief operating officer.
Shares of Islandia, N.Y.-based Computer Associates rose 75 cents to $29.17 on the New York Stock Exchange.
