Compuware cites IT spending enviroment and Europe negatively impacting Q4 On the Q4 preliminary earnings conference call Compuware cites broad based delays in IT buying decisions as a result of budgets not being "solidified." Compuware also noted that European IT spending may not be recovering as fast as expected due to the economic climate.
Compuware announces spin-off of Covisint Covisint Corporation (COVS) reported that its parent, Compuware Corporation (CPWR), announced that its board has approved the distribution of all of its equity interest in Covisint to Compuware shareholders and holders of Compuware restricted stock units. Compuware announced the distribution will be effective on October 31, and announced the approximate distribution ratios, record date and other details of the spin-off. When the distribution is complete, Compuware will no longer own any interest in Covisint.