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Computer Associates teamz up with UMC

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Updated We reported here early yesterday that Computer Associates was to team up with Taiwanese local foundry United Microelectronics Corp (UMC). And the reports are now confirmed. The deal, according to UMC, will leverage its foundry knowledge and CA's engineering know-how to produce a "next generation" of global positioning system (GPS) applications. The initiative is called Omnitrack, and according to Charles Wang, CA's CEO, the joint initiative is set to produce a whole new family of "location aware" apps. The joint venture will have its headquarters in New York, USA. Financial terms were not disclosed. It is CA's fifth investment in Taiwanese firms. ®

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