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

To: Mark Ambrose who wrote (545)	9/4/1998 1:03:00 PM
From: Mark Ambrose	Read Replies (1) \| Respond to of 1331

Comverse Technology Announces Change in Board of Directors biz.yahoo.com ---------------------------------------------------------------------- Thursday September 3, 4:05 pm Eastern Time Company Press Release Comverse Technology Announces Change in Board of Directors WOODBURY, N.Y.--(BUSINESS WIRE)--Sept. 3, 1998--Comverse Technology Inc. (NASDAQ: CMVT - news) announced today the resignation of Greg Carr from its board of directors, to be replaced by Itsik Danziger, chief operating officer of Comverse Network Systems Division. Carr, founder and former chief executive officer of Boston Technology Inc., who joined the Comverse board at the time of Boston Technology's merger with Comverse in January of this year, also announced his resignation from a separate, unaffiliated corporate board position. The resignations were tendered to allow Carr to concentrate on new activities in the not-for-profit area. Danziger has served in numerous executive capacities at Comverse over a 13 year period, and is currently chief operating officer of Comverse Network Systems Division, Comverse Technology's largest business unit. On Aug. 25, 1998, Comverse announced record sales of $167,404,000 and record net income of $26,067,000, for the quarter ended July 31, 1998, an increase of 26% and 53%, respectively. Comverse Technology, Inc., headquartered in Woodbury, New York, designs, develops, manufactures and markets computer and telecommunications systems and software for communications and information processing applications. Comverse's primary products include: multimedia enhanced services platforms marketed under the names Access NP(R) and TRILOGUE(R) Infinity(TM), which are currently used by more than 260 wireless and wireline telecommunications network operators to provide revenue-generating services such as call answering, voice/fax/text messaging, pre-paid wireless services, and other personal communications services; multiple channel, multimedia digital monitoring systems marketed to law enforcement and intelligence agencies under the name AUDIODISK(TM); and multiple channel, multimedia digital recording, logging, and quality monitoring systems marketed to call centers, financial institutions and other organizations under the name ULTRA(TM). Contact: Comverse Technology, Inc., Woodbury Kobi Alexander/Paul D. Baker 516/677-7200