Tuesday, July 10, 2007

Comverse Technology up for sale -report

(Reuters) - Comverse has shed 30 percent of its value following the disclosure of an options-backdating scandal last year, with the shares now trading at $20, reflecting a market value of $4.15 billion, compared with $29 a share in early 2006.



Comverse Technology's subsidiaries include Comverse, Verint Systems and Ulticom .


Read more at Reuters.com Mergers News

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