To: Mark Ambrose who wrote (1212 ) 8/24/2000 3:46:58 PM From: Mark Ambrose Read Replies (1) | Respond to of 1331 Here is the press release: William Blair & Company Initiates Coverage of CMVTquote.bloomberg.com William Blair & Company Initiates Coverage of Comverse Technology, Inc. CHICAGO, Aug. 15 /PRNewswire/ -- The following is being issued by William Blair & Company LLC, a member of the National Association of Securities Dealers, CRD# 1252: William Blair & Company today announced that it initiated research coverage of Comverse Technology, Inc. (CMVT $77 13/16) with a strong Buy rating. Telecommunications equipment analyst Robert Tango estimated that Comverse, one of the world's leading suppliers of hardware and software enabling a broad range of multimedia telecom services, would earn $1.38 per share in 2000 and $1.66 in 2001. "Comverse Technology has emerged as the leading supplier of enhanced services equipment and applications, capturing greater than 30% of a $3.5 billion market that has expanded more than 25% annually over the last five years," Tango said. "The company has distinguished itself from its competitors for two reasons: management's relentless desire to expand the company's presence within the marketplace, and superior technology due to a high level of investment in research and development," he added. Additional information is available upon request. William Blair & Company, L.L.C. maintains a market in the common shares of Comverse Technology, Inc. William Blair & Company, L.L.C. is an employee-owned financial services firm offering investment banking, equity research, institutional and private brokerage, asset management and private capital to individual, institutional and issuing clients. Since its founding in 1935, the Chicago-based firm has been dedicated to helping its clients achieve their financial objectives by providing quality products and services. SOURCE William Blair & Company -0- 08/15/2000 /CONTACT: Tony Zimmer of William Blair & Company, L.L.C., 312-364-8611, or tz@wmblair.com / /Web site: wmblair.com / CO: William Blair & Company; Comverse Technology, Inc. ST: Illinois IN: SU: RTG