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


To: Mark Ambrose who wrote (1150)5/31/2000 7:27:00 PM
From: Mark Ambrose  Read Replies (1) | Respond to of 1331
 
UPDATE 2 - ( after-hours on Island, CMVT last match: 89 15/16 )

biz.yahoo.com
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Wednesday May 31, 6:46 pm Eastern Time

UPDATE 2 -Comverse Tech tops forecasts as sales soar

(UPDATE: adds new analyst from Solomon in paragraphs 8, 9 and 10)

By Ilaina Jonas

<snip>

Following a discussion with the company, an analyst from Solomon Smith Barney said his firm would revise its estimates for Comverse financials based on his conversations.

``There will be some upward (revision of estimated) revenues,'' he said, declining to disclose further details until the firm's research note was released Thursday morning.

Solomon had expected the company to book $250 million in revenue for the quarter. Piper Jaffray analyst Jackson was looking for revenues of $248.6 million.

<snip>