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Technology Stocks : Comverse Technology -- Ignore unavailable to you. Want to Upgrade?

To: Kalman who wrote (768)	6/22/1999 9:04:00 AM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 1331

a couple releases this a.m. ----- Comverse Network Systems Announces Cell Broadcast Service For Wireless Networks June 22, 1999 08:05 AM WOODBURY, N.Y.--(BUSINESS WIRE)--June 22, 1999-- Wireless Operators Can Boost Airtime and Develop New Revenue Streams By Providing Customized, Location-Specific Information To Groups Of Subscribers investor.msn.com Comverse Network Systems Selected By AIS Of Thailand To Supply Enhanced Services Platforms For Prepaid Wireless Services June 22, 1999 08:06 AM WOODBURY, N.Y.--(BUSINESS WIRE)--June 22, 1999--Comverse Network Systems, a division of Comverse Technology, Inc. (CMVT), and the world's leading supplier of enhanced services platforms to wireless and wireline network operators, today announced it was selected by Advanced Info Service (AIS) of Thailand for deployment of systems to enable prepaid wireless services throughout Thailand. investor.msn.com

To: Kalman who wrote (768)	7/13/1999 9:00:00 AM
From: Beltropolis Boy	Respond to of 1331

more on solly. ----- 01:19 PM ET 07/12/99 RESEARCH ALERT-Salomon starts Comverse strong buy JERUSALEM, July 12 (Reuters) - Salomon Smith Barney initiated coverage of Comverse Technologies with a "1M" rating, equal to a "strong buy with medium risk," saying it viewed the stock as a core telecommunications equipment holding. "We expect Comverse to grow at 30 percent annually for the foreseeable future, moderately exceeding the growth of the broad ESP (enhanced service platform) industry, through further market share gains," said analyst Victor Halpert in a report. He estimated fiscal 1999 earnings per share would reach $2.61 and assigned the company a multiple of 25 times, yielding a 12-month target share price of $95. Comverse was trading at $80.50 on the Nasdaq early on Monday. Halpert said Comverse had cemented its position as market leader in its segment through its 1997 acquisition of Boston Technology and now had about 35 percent of the ESP market. "We expect the new entity to derive the benefits of the merger in the coming quarters through geographic and operational synergies, cost reductions and margin improvements," Halpert said in the report.