The news that Cullinet Software Inc has achieved its first clear profit in three years has been somewhat pre-empted by the announcement a few days ago that the company has agreed to be acquired for $333m paper by Computer Associates International Inc (CI No 1,201): the merger will totally wipe out the Cullinet identity and John Cullinane himself will not be part of the enlarged Computer Associates group; should the merger go ahead there will be further redundancies at Cullinet although full merger integration plans will not be revealed until July; for the record, Cullinet went ahead with its meeting yesterday, attributing its return to profitability to sales of its IBM mainframe Enterprise:Builder and Enterprise:Generator products for software developers – Unix and DB2 versions had been set for commercial release by year-end.
