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Technology Stocks : WebTrends Corporation [WEBT]

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To: brk who wrote (595)	1/17/2001 8:22:36 AM
From: Glenn Petersen	Read Replies (1) of 614

NetIQ to Buy WebTrends in $1 Billion Deal SAN JOSE, Calif. (Reuters) - NetIQ Corp. (NTIQ.O), the maker of software that helps handle the basic plumbing of corporate computer networks, said on Wednesday it would buy WebTrends Corp. (WEBT.O) for about $1 billion in stock. Based in Portland, Ore., WebTrends makes software that monitors Internet traffic for companies. WebTrends shareholders will get 0.48 share of NetIQ common stock for each WebTrends share. Based on NetIQ's closing price of $75 on Tuesday, the transaction values WebTrends at $36 a share. WebTrends' stock closed at $32-7/8 on Tuesday. The boards of both companies have approved the deal. The combined company will operate under the name NetIQ Corp and the merger is expected to close in late in the first quarter or early in the second quarter. The deal is expected to add to NetIQ's earnings starting in the June quarter, excluding non-cash charges related to the acquisition. 07:37 01-17-01

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