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Technology Stocks : Comverse Technology

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To: Mark Ambrose who wrote (1233)	10/17/2000 10:19:10 PM
From: NotNeiderhoffer	Read Replies (2) of 1331

NotNeiderhoffer names Howard Smith of First Analysis new Comverse Ax New York-(Reuters) "Effective midnight, October 17, 2000, I am relieving Tim Luke of Lehman Brothers of his Ax responsibilities on Comverse Technology. I would like to thank Tim for all the hard work he has given Team Kobi over the years. I would also like to take this opportunity to congratulate Tim on his selection as the top analyst in his sector in the recently announced Institutional Investor poll. This is truly a bittersweet moment. Although Howard has big shoes to fill I am sure he is up to the task. The token gentile analyst from US Bancorp, ole whatshisname, is in the alternate position should Howard become incapacitated." after glancing over his shoulder to catch a glimpse of the Yankees down 4-0 an obviously distraught NotNeiderhoffer went on to add "I would like to thank Tim for not coming out with a bullish First Call note on PHCM during its recent swoon. With Comverse's Exalink division quietly holding field trials with several of PHCM's top customers, perhaps Tim realizes that it is only a matter of time before Kobi poaches PHCM's customers just like he did to LUzer. I do expect Fat Don Listwin to outlast Rich "No Credibility" McGinn in the corner office, but just barely. It should be a real horse race to see which guy gets ousted by their respective boards first". after taking a minute to watch the Yankees load the bases in the bottom of the fourth inning, a re-energized NotNeiderhoffer launched into a tirade againt Lehman Brothers "Tim might still have his job as Ax but today's trading activity in ULCM in the wake of their follow-on offering sealed his fate. Breaking the deal price is a big no-no. Maybe those guys don't know how to sit on the bid. We broke $50 at 12:08 PM EST and Tim was toast at 12:09. Good work fellas. Not" after letting out a war whoop as the Yankees scored three runs to knock Seattle's starting pitcher out of the game, NotNeiderhoffer began to taunt the venerable house of Lehman "the minute ULCM cracked fifty bucks I starting laying out blocks of LEH short. I only got a few hundred thousand shares off so I obviously have more work to do tomorrow" continuing on "anybody who thinks those guys are take over bait has got to be kidding. For several years our institutional salesman from Lehman constantly dropped the ball. I don't think he knew a stock from a bond. I was not very surprised when I learned that he is a blood relative of Lehman executive Dick Fuld. If memory serves me right this moron was Fuld's nephew. Obviously nepotism is alive and well at Lehman. We finally had to give him the boot" "His replacement is just as worthless. In a year on the account he has called me twice and is never around when I call. We have only done about 900k in commission business with those clowns this year so I really don't expect much in the way of service from them. With a 20% payout I am barely covering his wife Pilates classes and his kids private school tuition. It is probably my own fault. Maybe I can pay them tommorrow by shorting LEH through Lehman's desk. I will even give them seven cents a share on that particular listed business." in conclusion NotNeiderhoffer added "most of you do not know that Kobi is trying to kick a long-time two-pack a day smoking habit. He is bound to get a little irritable from time-to-time going cold turkey and in order to make life easier for those Comverse employees who have to deal with him on a day-today basis I would like all CMVT shareholders to refrain from selling any stock until further notice. Volatility, and especially a sinking stock price, could set him off. Those of you who need special dispensations to sell for special reasons like home down payments or bar mitzvah gifts can send me a request via private message which I promise to rule on quickly. Thank you."

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