Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Trader Dave who wrote (835)	8/31/1999 4:15:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 1331

blowout ... $0.49 consensus ... ? ----- CBSM 08/31 16:05 [CMVT] COMVERSE TECHNOLOGY Q2 52 CENTS VS 36 CENTS.

To: Trader Dave who wrote (835)	3/7/2000 10:23:00 AM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 1331

previously on CMVT (circa summer of '99): >A very interesting article. However, I doubt a slight change in EPS due to declining subsidies of R&D would impact the stock significantly long term. We owners are looking for sustainable and consistent operating earnings growth and revenue growth. The subsidy change wouldn't impact either metric.< i'm not looking to spoil Supah Tuesday, but if we can dismiss the R&D kickback, can we also overlook the cushy tax break CMVT is afforded by the Israeli government for "Approved Enterprise" investments? specifically, i'm wondering when the IRS brings down the hammer and announces a 1:3 tax-rate split. like the five weeks they get to report year-end earnings (as you previously admonished Kobi for), this have been acceptable when CMVT was an emerging company, but they are now S&P primetime and arguably should not receive this favorable treatment. yet the company's incorporated in NY and pays tax to Uncle Sam, not the Israeli government, right? can Kobi's 10% tax haven continue while virtually all other companies incorporated stateside get ganked by the Man for 30-40%? via the 10/99 10-Q: The Company's overall effective tax rate was approximately 10% and 9%, respectively, in the nine and three month periods ended October 31, 1998, and 9% and 8%, respectively, in the nine and three month periods ended October 31, 1999. The Company's overall rate of tax is reduced significantly by the tax benefits associated with qualified activities of its subsidiaries in Israel. and from last year's 10-K: The reconciliation of the U.S. Federal statutory tax rate to the Company's effective tax rate is as follows: YEAR ENDED DECEMBER 31, JANUARY 31, 1996 1997 1999 ---- ---- ---- (IN THOUSANDS) U.S. Federal statutory rate 35% 35% 35% Consolidated worldwide income in excess of U.S. income (18) (31) (37) Foreign income taxes 4 5 9 Other (2) 12 3 -------- -------- -------- Company's effective tax rate 19% 21% 10% ======== ======== ========