Veritas considering NZ distie cull
The Australian office of storage software company, Veritas, is reviewing the New Zealand channel — less than a month after the vendor reappointed Datastor as its third distributor. Sources have told New Zealand Reseller News that Veritas wrote to all three of its local distributors mid-March, asking them to outline their business. They had about a week to respond, and were told to expect a visit this week from Veritas’ channel head, Bruce Lakin. Reseller News has been told the visit and letter are part of a review of Australia and New Zealand channels. Tech Pacific and Express Data said they replied to the letter but Lakin’s proposed visit had not been confirmed. “[Lakin] has been having a look at the business,” Tech Pacific sales and marketing director for New Zealand, Vivienne Larsen said. “They’ve got some initiatives and they’re looking at how they’re going to go market with those; part of that is distribution models.
CA fires nine after accounting probe
Computer Associates International (CA) has fired nine employees in its legal and finance departments in connection with its internal investigation of accounting violations that have already led to criminal charges against several former executives. One of the IT industry’s largest software vendors, CA admitted in October to improperly booking revenue from contracts before they were finalised to inflate its quarterly earnings in its 2000 fiscal year. The US Securities and Exchange Commission (SEC), which is pursuing sanctions against involved employees, estimates CA improperly recognised $US1.4 billion in revenue throughout the year. CA fired its then chief financial officer, Ira Zar, in October 2003, when it released preliminary findings from an ongoing investigation by its board’s audit committee. Zar and three former colleagues have pleaded guilty to federal charges including securities fraud.