Long Island-based Computer Associates is paying $350 million to acquire a West Coast software company called Niku. That's not a typo -- it's Niku, not Nike. It's the company's fourth acquisition of note in the past 12 months.

By the way -- when will the writers at the New York Times stop referring to Computer Associates as "scandal-scarred"? It must drive the executives at Computer Associates nuts -- they're spending almost half a billion dollars for a new software company, and all anyone wants to talk about is accounting improprieties that happened a few years ago.