CA gives Wall Street profit warning

NEWS US software company, Computer Associates, has warned profits this year will scarcely be higher than this time last year. CA's warning to Wall Street blamed the slump on weaknesses in its mainframe business and European sales. The revised estimate is of profits between $1.25 billion and $1.3 billion - as compared to $1.22 billion this quarter last year. CA president, Sanjay Kumar, added that several large sales contracts, due to close in the final days of this quarter, had been delayed and so could not be included. Computer Associates' final results are due on July 20.