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Another topic of importance is the company's conclusion of the Deferred Prosecution Agreement (DPA) and the release of the report of the Special Litigation Committee (SLC) of the Board of Directors. These events are benchmarks in our quest to put the company's past behind it so that we can fully devote ourselves to our mission of transforming the way the world manages Information Technology (IT).

CA entered into the DPA in September 2004, in which it agreed to make specific changes to its management, governance and business processes. Part of that agreement was the appointment of an independent examiner (IE), who was charged with reporting back to the government on the company's progress.

Over the past two years, the IE has been part of the fabric of the company, attending management and board meetings, talking to individuals throughout the organization and pursuing various inquiries. On May 1, 2007, he submitted his final report. Based on that report, the government advised the Court that CA had complied with the DPA, and the Court, in turn, dismissed all pending charges against the company. For those of us who've lived through this challenging time, the end of the DPA is cause not for celebration but for reaffirmation of our fierce commitment to upholding the highest standards of ethical and professional conduct throughout our organization — which is the soundest means of ensuring that nothing like this ever happens again at CA.

The SLC's report is rooted in the same history, although it deals with different aspects, including the derivative litigation based on the company's past issues. Two independent directors, then new to the company and thus uninvolved in the historical problems, spent more than two years studying the issues and in April released their report, which included recommendations to the courts as to the disposition of these derivative lawsuits.

As I write this, the company is waiting for court rulings regarding the SLC report, and is looking forward to closing this chapter of its past. As I said to our customers at our CA World® conference in Las Vegas in April, CA is not the same company it was five years ago, or even 18 months ago. We have changed most of our major processes, many members of the leadership team, and we're implementing the strategy for market leadership we call Enterprise IT Management, or EITM.