Computer Associates is offering $13.25 a share for the company.

Computer Associates has 30 days to respond to the notice.

Computer Associates said it believed that its current financial reporting was sound.

Computer Associates will prove to be a sound investment "over a long period of time," he said.

Computer Associates will retain a 20 percent stake in the new company.

Computer Associates is not the only company in the millennium game.

Computer Associates may have no choice but to grow by acquisition.

Computer Associates now carries more than 500 different software products.

Computer Associates is in the process of its own organizational transformation.

Computer Associates said its sales rose $90 million, or 12 percent, compared with those in the period a year earlier.