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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades

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To: Jenna who wrote (555)	6/4/2001 4:31:14 PM
From: Frederick Langford	Read Replies (1) of 1227

Monday June 4, 4:22 pm Eastern Time Comverse Q1 net income soars 40 percent NEW YORK, June 4 (Reuters) - Israeli telecommunications software maker Comverse Technology Inc. (NasdaqNM:CMVT - news) said Monday its fiscal first-quarter earnings rose 40 percent, boosted by new orders and expanding market share. The company, which has U.S. offices in Woodbury, New York, said its net income for the quarter ended April 30 rose to $79 million, or 43 cents per share, compared with $56 million, or 32 cents per share, a year earlier. Revenue rose 36 percent to $365.0 million.

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