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

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

To: Mark Ambrose who wrote (995)	2/3/2000 4:26:00 PM
From: Al Van Putten	Read Replies (1) \| Respond to of 1331

^18+! I just gotta catch my breath

To: Mark Ambrose who wrote (995)	2/3/2000 6:00:00 PM
From: Mark Ambrose	Read Replies (1) \| Respond to of 1331

Update: Kobi registered to do some selling too. cbs.marketwatch.com < snipped > Comverse Technology Comverse Technology Chairman Kobi Alexander and Chief Executive Carmel Vernia filed to sell a combined 291,375 common shares of the telecommunications systems provider, valued at $42.3 million in the open market, according to regulatory filings released by the SEC. Alexander planned to sell 147,000 shares, valued at $21.5 million, on Jan. 19. Vernia intended to sell 144,375 shares on Jan. 18, valued at $20.8 million in the open market, as reported in SEC Filings yesterday. Shares of Comverse, which have been climbing steadily, reached a 52-week high of 158 1/2 on Jan. 14, less than a week after Vernia and Alexandria planned to sell their shares. Both executives planned to use Salomon Smith Barney to broker the transactions, according to the Form 144 filings. Woodbury, N.Y.-based Comverse (CMVT: news, msgs) manufactures special purpose computer and telecommunications systems and software for multimedia communications and information processing applications. An SEC Form 144 only shows a filer's intent to sell shares. Actual verification of sales, when they occur, are required in later filings. There are an estimated 70.1 million shares of the company outstanding. The stock rose 4 13/16 to close at 145 7/8 on Wednesday. < snipped >