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COMPUWARE CORPORATION FILES COMMON STOCK OFFERING

 COMPUWARE CORPORATION FILES COMMON STOCK OFFERING
 FARMINGTON HILLS, Mich., Oct. 26 /PRNewswire/ -- Compuware


Corporation announced today that it has filed a registration statement with the Securities and Exchange Commission covering a proposed public offering of 7.3 million shares of common stock. Of these shares, 5.5 million shares will be issued and sold by the company and 1.8 million shares will be sold by certain of the company's shareholders.
 Net proceeds from the sale of shares by the company will be used to reduce outstanding indebtedness and for general corporate purposes. The company will not receive any proceeds from the sale of the shares by the selling shareholders.
 Morgan Stanley & Co., Incorporated; Donaldson, Lufkin and Jenrette Securities Corporation; and Robertson, Stephens & Company will manage the offering.
 Compuware Corporation develops, markets and supports an integrated set of systems software products which improves the productivity of programmers and analysts in application program testing, test data preparation, error analysis and maintenance. The company also offers a broad range of data processing professional services including business systems analysis, design and programming, software conversion, and systems planning and consulting.
 The registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Copies of the preliminary prospectus covering the offering of the shares may be obtained, when available, from the underwriters named above.
 -0- 10/26/92
 /CONTACT: Christopher Norris or W. James Prowse of Compuware Corporation, 313-737-7300; or Ray Eisbrenner or Peter Whalen of Eisbrenner & Co., 313-641-1446, for Compuware Corporation/ CO: Compuware Corporation ST: Michigan IN: CPR SU: OFR


DH -- DE008 -- 4627 10/26/92 09:50 EST
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Publication:PR Newswire
Date:Oct 26, 1992
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