Can CA Get Back to Business?

After more than two years devoted to surviving a $2.2 billion accounting scandal, Computer Associates(CA Quote) is finally ready to get back to business.

The company's core system management business is solid, it has a balance of $4.2 billion in deferred revenue, and most importantly, the Islandia, N.Y., software giant is no longer living under the shadow of a business-shattering criminal indictment. "CA has done remarkably well during this period of uncertainty," said International Data Corp. analyst Tim Grieser.

But CA is hardly home free. ...