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Technology Stocks : Comverse Technology

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To: Mark Ambrose who wrote (995)	2/2/2000 1:26:00 PM
From: Al Van Putten	of 1331

More on Carmel - explains stock sale? 02/02 11:18 Israel names Comverse executive as chief scientist JERUSALEM, Feb 2 (Reuters) - Israel's Ministry of Industry and Trade on Wednesday named a senior executive of Comverse Technologies <CMVT.O> as chief scientist, a post overseeing government investments in the Israeli high-technology sector. Vernia Carmel, 47, will replace outgoing Chief Scientist Orna Berry on May 1, although Carmel said he will begin his new position on a part-time basis next month. Carmel will step down as Comverse's chief operating officer to take the chief scientist's office. His Comverse post was to be eliminated in any case with an ongoing reorganization of the company. "We were going through a transition, so I am less busy than usual," Carmel told Reuters. "They approached me with the proposition (of chief scientist) and I accepted." In his 15 years at Comverse, Carmel was research and development director and an executive in a number of Comverse's units. Most recently, Carmel was responsible for supervising new start-up companies within the Comverse Group. ((Jerusalem newsroom, +972-2-537-0502,jerusalem.newsroom@reuters.com))

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