Compuware Corp., which makes computer testing, development and management software, said its board authorized an additional repurchase of up to $750 million worth of common stock, in an effort to reduce its outstanding common share count to 200 million shares.

The stock trades for 9x cash flow.

Compuware, the business software maker, is being included in today’s Insider Purchases & Share Buybacks because of the CEO, Peter Karmanos’ recent insider purchase and the potential IPO spinoff of its Covisint division. Late last night, Crain’s Detroit Business reported that Compuware is exploring selling its Covisint division in a 1 billion IPO, while still maintaining a 50% ownership stake in the company. It hopes to bring the company to the public market place next year and has already hired Morgan Stanley to explore the opportunity further.

An officer bought 200,000 shares or $1,553,294 worth of stock. The company also recently announced a $200 million dollar buyback which adds to its prior plan.

The software products maker based in Detroit said last week that it plans to lay off 100 people to cut $13 million in costs a year.

The stock trades for 11x cash flow.

Compuware recently announced a $200 million dollar buyback which adds to its prior plan.

The software products maker based in Detroit said last week that it plans to lay off 100 people to cut $13 million in costs a year.

The stock trades for 11x cash flow.

BUY

Up and coming tech company. Reworking sales force over the next year. got in at $8.

capital gain

SOFTWARE

suddon drop

Up AH 2007-07-10, see URL in TRCA's reason

It was the first stock that i owned. It was recomended by an edwards jones person and I was green and the stock sank