April 18, 2002
NetIQ Announces Share Repurchase Program
NetIQ Corporation (Nasdaq: NTIQ), a leading provider of e-business infrastructure management and intelligence solutions
SAN JOSE, Calif.
NetIQ Corporation (Nasdaq: NTIQ), a leading provider of e-business infrastructure management and intelligence solutions, announced today that its board of directors has approved the repurchase, from time to time, of up to $100 million of its common stock. The company may purchase either in the open market or in negotiated transactions as market and business conditions warrant.
"As of March 31, 2002, NetIQ had $537 million in cash and short-term investments and expects to continue to generate cash," said Jim Barth, chief financial officer of NetIQ. "The use of a portion of our excess cash to buy back NetIQ stock is an attractive use of cash at current stock prices and interest rates and leaves ample financial resources to execute our business strategies."
NetIQ Corporation (Nasdaq: NTIQ) is a leading provider of e-business infrastructure management and intelligence for all the components of an organization's e-business infrastructure—from back-end servers, networks and directories to front-end web servers and applications. The company is headquartered in San Jose, Calif., with development and operational personnel in Houston, Texas; Raleigh, N.C.; Bellevue, Wash.; and Portland, Ore. For more information, please visit the company's web site atwww.netiq.com or call 408-856-3000.
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