E-business software company

NetIQ

(NTIQ)

was down 19.3% in preopen

Island

trading after warning Wednesday it expects earnings of 13 cents to 17 cents a share for the third quarter, excluding items. Analysts polled by

First Call/Thomson Financial

called for 21 cents. The firm earned 11 cents in the year-ago period. The news caused the postponement of shareholder meetings regarding the proposed merger with

WebTrends

(WEBT)

. Shares of WebTrends were down 15.7%.