CA Gets the Last Laugh
Remember Network Associates' hostile bid for Cheyenne?Nearly four years after the fact, Computer Associates and the former Cheyenne Software finally are getting the last laugh on Network Associates. Software historians will recall that Network Associates (formerly McAfee Software) launched a $1 billion hostile bid for Cheyenne in early 1996. Truth be told, I was working for Cheyenne at the timeand a McAfee takeover didnt sit well with most Cheyenne employees. Twenty feet away from my cubicle, Cheyennes VP of investor relations spent two weeks working the phones, telling irate shareholders that the McAfee deal wasnt in their best interests.
In fact, Cheyenne CEO ReiJane Huai preferred a merger with Computer Associates. After all, Huai and CA chairman Charles Wang had a close working relationship. And Cheyennes main office was only 30 miles from CAs Islandia, N.Y., headquarters.