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: Mark Ambrose who wrote (1277)	1/10/2001 9:48:08 AM
From: Beltropolis Boy	Respond to of 1331

did i catch you nappin', MA? think you missed this one. ----- CSFB Tech Daily Wednesday, January 10, 2001 Comverse Technology (CMVT-$97 13/16–Cap $16.8-Buy) Susan Passoni Comverse Invests in Instant Messaging Co, Odigo FY00E $1.47, FY01E $1.78 * Yesterday, Comverse announced a strategic investment in Odigo. The investment comes as part of Odigo’s recent $15.4 million private placement. Odigo is a leading provider of instant messaging solutions with over 2 million registered users. * Comverse plans to leverage its relationship with Odigo to enhance CMVT’s ability to enable a wide range of devices with mobile instant messaging. * This investment is part of CMVT’s ongoing strategy to invest in smaller startups with technologies that complement CMVT’s core enhanced service offerings. Comverse makes these investments both independently and jointly with the Soros funds through a venture arm ComSor. Previous investments include SignalSoft (SGSF, Buy), a leading provider of location-based platforms and software. * With over $1.6 billion in cash, we expect to see Comverse continue to make both strategic investments and outright acquisitions to expand its product portfolio. * Comverse continues to leverage its impressive customer base of over 350 carriers as it offers an ever-expanding portfolio of enhanced service product offerings.