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Tech Industry

Short Take: CA's Wang to sell 900,000 shares

Computer Associates chief executive Charles Wang has filed plans to sell 900,000 shares of his company's stock, or about 4 percent of his total holdings. Wang, who owns about 25.5 million shares of CA stock, could earn $43.3 million from the sale, according to documents filed with the Securities Exchange Commission. A proxy statement filed last July shows that 1.9 million of Wang's holdings were in stock options. The company head sold 600,000 shares in 1998 and 800,000 shares in 1997.

    Computer Associates chief executive Charles Wang has filed plans to sell 900,000 shares of his company's stock, or about 4 percent of his total holdings. Wang, who owns about 25.5 million shares of CA stock, could earn $43.3 million from the sale, according to documents filed with the Securities Exchange Commission. A proxy statement filed last July shows that 1.9 million of Wang's holdings were in stock options. The company head sold 600,000 shares in 1998 and 800,000 shares in 1997.