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Compuware Announces $125 Million Stock Repurchase Plan
Board and Management Confidence in Future Growth Spurs BuybackDETROIT--April 17, 2006--Compuware Corporation (NASDAQ: CPWR) today announced that the company’s Board of Directors has authorized the repurchase of up to $125 million of the company’s Common Stock. The company will purchase Compuware stock on the open market from time-to-time based upon market and business conditions. "Compuware’s Board of Directors and executive management team have great confidence in the company’s growth potential for the current fiscal year and beyond," said Compuware Chairman and CEO Peter Karmanos, Jr. "With many of the company’s key organizational changes completed, Compuware has a tremendous opportunity to generate sales momentum across our business in FY ’07. We will continue to evaluate a variety of cash-management strategies for investing in the company’s growth and delivering value to shareholders." Compuware CorporationCompuware Corporation (NASDAQ: CPWR) maximizes the value IT brings to the business by helping CIOs more effectively manage the business of IT. Compuware solutions accelerate the development, improve the quality and enhance the performance of critical business systems while enabling CIOs to align and govern the entire IT portfolio, increasing efficiency, cost control and employee productivity throughout the IT organization. Founded in 1973, Compuware serves the world's leading IT organizations, including more than 90 percent of the Fortune 100 companies. Learn more about Compuware at http://www.compuware.com
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