Posted on Sunday, November 04, 2007 - 11:16 pm:

quote:

"I ain't retiring for a while," Karmanos told me in an interview last week, suggesting that the computer software firm he founded with two friends in 1973 could soon be worth seven or eight times its current value.

Karmanos was flush with optimism after delivering a double-barreled shot of good Compuware news to the markets:

• First, Compuware beat expectations with a 51% increase in profit to $37.4 million for its quarter ended Sept. 30, a welcome bounce back from sales and profit declines three months earlier that drove its stock price down from $12 in July to $7.47 in late August. Last week, the stock price surpassed $10 before closing Friday at $9.89 a share.
• Next, Karmanos let it be known that Compuware is actively exploring a separate public stock offering for its Covisint subsidiary. "We're trying to create some buzz on this because it is a multibillion-dollar idea," he said.