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NetIQ Lowers Profit Predictions

NetIQ, the company that recently agreed to sell its WebTrends division to its management, saw its stock take a hit, according to Smart Money, after it lowered both its revenue and profit guidance. The firm said it would take in about $62 million, down from its earlier estimate of about $68 million. WebTrends contributes about $12 million or so to that figure.

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