Stock Watch: Unisys Deal Powers NetIQ

NetIQ Corp. (Nasdaq: NTIQ) gained 4 1/8 to 54 Monday after the company said computer giant Unisys Corp. licensed its technology for two server systems.

NetIQ also said president Michael Bennett will give up his operating role at the company on September 30th. He will continue as chairman of the Santa Clara, California-based e-business software company until November, when his term expires.

Bennett headed Mission Critical Software before it was acquired by NetIQ. “With the integration of the two companies complete and a strong executive team in place, it makes sense for me to turn my attention back to my family and other interests,” he said.

“Mike Bennett has successfully integrated our sales and marketing operations ahead of schedule,” said Chief Executive Officer Ching-Fa Hwang.

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