After many long months of rumor and conjecture regarding the fate of one of the banking industry's most notable suppliers, Computer Associates has finally taken over the Newtrend soflw business and sold off all but its prized mainframe software to Electronic Data Systems Corp.

On Friday, Computer Associates bought 6ut the Newtrend Group, an Orlando-based banking systems concern that was the software giant's partner in the Newtrend banking services joint venture formed more than three years ago. As soon as that acquisition was complete, Computer Associates promptly turned around and sold the majority of the business minus its own Infopoint software to EDS, the Plano, Tex.-based outsourcer owned by General Motors Corp.

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