CA Inc., an information technology software company, said its board has recently approved plans to buy back as much as $250 million of the company's stock.
The company had 518.3 million shares outstanding as of July, valued at $8.3 billion based on Wednesday's closing price of $15.91.

CA will fund the program with available cash on hand and may repurchase shares on the open market from time to time, based on market conditions and other factors.

The stocks with the highest risk, Pritchard says, are Citrix Systems (ticker: CTXS), an application-delivery software outfit, and Blade-Logic (BLOG), a maker of data-center software. And, owing to the financial-services industry's turmoil, Pritchard sees business-software makers Computer Associates (CA) and BMC Software (BMC) as somewhat vulnerable.

Goldman Sachs said it is upgrading CA (CA) to Buy from Neutral based on business momentum and potential for margin upside. Believe cash flow will catch up to robust net income growth in early 2008. Price target raised to $33 from $32.

CA Inc. recently announced a $500 million dollar buyback.

Shares of CA Inc., maker of information technology management software, plummeted recently after the company projected full-year earnings that fell short of Wall Street estimates.

The company trades at 14x cash flow

Employer

new management.

looking for 10-20% move in 2-4 months

60,022

Cramer likes CA (CA) for the enterprise

Shady tactics.

Perennial Underachiever, Slow-growing end markets