New York-based Computer Associates (CA) intends to acquire Asian companies and forge new joint ventures in the region this year in an effort to boost its profile. Company chief executive Charles Wang blamed himself for CA's delayed emphasis on Asia. 'I was wrong - I mismanaged it,' he told IDG News Service in Singapore. 'Europe and the US contributed about 90 per cent of our revenues and we concentrated on that. But Asia is the area with the greatest potential, and we think that now is the time to invest heavily in the region and show commitment.' CA was negotiating a US$20 million investment in Singapore to set up an Asia-wide logistics and distribution centre, and was in talks to establish a software joint venture in the country, IDG said. CA also was interested in acquiring Asian companies that had technologies such as 3-D visualisation and neural network applications, IDG reported. This comes despite the fact that over the past year CA had been 'clobbered' in Indonesia and saw business declines in Malaysia. However, CA had experienced growth in its mainland business, and recently announced plans for a software joint venture with Hangzhou-based Eastern Communications Group (Eastcom) to develop management software systems for the mainland's mobile telecoms operators. Each company would hold a 50 per cent stake, IDG reported, with the initial US$5 million investment equally funded by CA and Eastcom.