Financial Astrology of CA, Inc.

FINANCIAL ASTROLOGY

First Trade Date for CA, Inc.

Company Name	First Trade Date (yyyy-mm-dd)
CA, Inc.	1986-09-11

Company Name	Symbol
CA, Inc.	CA
History and Business of Company (this information may include date of incorporation)
Incorporated in Delaware in 1974, today we are one of the world's largest business software companies. We commenced operations in 1976, and we completed an initial public offering of common stock in December 1981. Our common stock is traded on the New York Stock Exchange under the symbol "CA". We design, market, and license computer software products that allow businesses to run and manage critical aspects of their information technology operations and that allow data center managers and programmers to automate their daily functions. We are considered an Independent Software Vendor (ISV). ISVs develop and sell software products that run on one or more computer hardware platforms or operating systems sold by other vendors. The companies that make the computer hardware and operating systems - like Microsoft, IBM, Hewlett-Packard, Sun Microsystems and others - generally encourage and support ISVs. ISVs develop software products that can be added to the hardware platform or operating system to make it run more efficiently or to provide added functionality. In some cases, these computer hardware and operating system vendors sell software that competes with the software that we license. We believe that our success and results are driven by three critical areas of focus - our employees, having a wide range of software products, and having a large, diverse customer base. Attracting and retaining skilled employees to develop and enhance our software products and to support our customers is critical to our success. It is a goal of our employees to consistently support our Core Values - customers first, performance, quality and innovation, teamwork with focus, and shareholder value. These Core Values provide the framework for our employees to perform their functions and responsibilities. We have a broad portfolio of software products that are designed to operate with all major computer hardware platforms and software operating systems. Our software products include those that we have sold for many years, as well as newer, enhanced products that address our customers' current technology needs. Our software products are used for different business purposes and, where appropriate, are specifically designed to work well with other CA software products. Because the cost to make different software products work together appropriately is generally high, customers place value on software products that work well with one another. Our software products are also designed to work with products marketed by other companies. We have approximately 430 product families that represent distinct areas of functionality. The number of individual software products within each family generally ranges from several to several hundred. We have a large and broad customer base for our software products. More than 95% of the Fortune 500(r) companies use our software products. When customers enter into a software license agreement with us, they generally pay for the right to use our software for a specified period of time. Upon the expiration of the term of the agreement, the customer must either renew the license agreement or pay usage/maintenance fees, if applicable, for the right to continue to use our software and receive support. We generally experience renewal rates of approximately 80%. We believe that the existing relationships with our customers provide us the opportunity to cross-sell new software products to them. In fiscal year 2001, we announced a strategy intended to improve shareholder value by spinning off or divesting software products that have the potential to succeed on their own. These actions are intended to allow us to focus more on our core software products. In April 2002, we completed the divestiture of certain non-core assets to SSA Global Technologies, Inc. (SSA). These assets consisted principally of our supply-chain management, financial management, and human resource management software product groups operating under the name interBiz(tm). Of the $25 million selling price, approximately $12 million was received in the quarter ended June 30, 2002. In January 2003, an agreement was reached to offset the remaining selling price SSA owed to us against obligations we owed to SSA. In October 2002, we completed the divestiture of our banking products group to a third party for approximately $8 million in cash. The banking product group was the remaining product group operating under the name interBiz. Our wholly-owned subsidiary, ACCPAC International, Inc. (ACCPAC), which sells accounting and human resource application software, is preparing an initial public offering of its common stock. There can be no assurance that the offering will be completed. In fiscal year 2001, we divested the Federal Systems Group, the governmental consulting services division of a company we acquired in fiscal year 2000, Sterling Software, Inc. (Sterling), to Northrop Grumman for approximately $150 million in cash.

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