Business Services Industry
Compuware Corp. (Nasdaq: CPWR).(Brief Article)
Crain's Detroit Business, January, 2001 by Merx, Katie
Shares of Farmington Hills-based Compuware Corp. (Nasdaq: CPWR) reached a six-month high last Thursday, selling for $13.50, after IBM reported higher-than-expected demand for its mainframe computers. Compuware's competitors in the mainframe software business, BMC Software Inc. (Nasdaq: BMCS) and Computer Associates Inc.
(NYSE: CA), also saw their stock prices improve. Compuware and Computer Associates dropped back Friday while investors waited for the companies' earnings reports. Compuware plans to announce its earnings Tuesday and Computer Associates today. BMC stock continued to rise Friday after the announcement that the company beat analysts' expectations. Damian Rinaldi, a software industry analyst with First Albany Corp., said investors were overly...
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