Tiernan Ray, Blogger, Barron's, Tech Trader Daily

Comverse Plunges as Business Slows, Filings Delayed

August 15, 2008 at 10:36 am PT

Shares of telecom software provider Comverse Technology are plunging today, down over 20 percent, or $3.42, at $13.50, after the company last night filed a form 8-K with the Securities and Exchange Commission that indicates … business is slowing. The company said in its filings that “slower momentum, in particular at Netcentrex, along with some delayed purchasing decisions in the core business … along with the foreign exchange headwinds relating to expenses we have experienced, has put pressure on our business performance.” Comverse bought Paris-based Netcentrex in April 2006 for $164 million in cash. The product is a telephone switch for transmitting phone calls over the Internet.

Read the rest of this post

Tagged with: 8-K, Barrons, Comverse Technology, foreign exchange, frontpage, Internet, Netcentrex, Paris, Securities and Exchange Commission, Tech Trade Daily, telecom, telephone switch, Tiernan Ray

Must-Reads from other Web sites

Yes, the Valley Can Be Vacuous – But It’s More Complicated Than The New Yorker Would Have Us Believe

Hamish McKenzie, Reporter, PandoDaily

Inside Google’s Secret Lab

Brad Stone, Senior Writer, Bloomberg Businessweek

Elizabeth Spiers on Launching Media Brands

Dani Fankhauser, Contributor, The Content Strategist

Can China Become A Hi-Tech Economy?

John Sudworth, Contributor, BBC

We Need to Debate Killer Robot Ethics Before They Become Mass Market

Liat Clark, Reporter, Wired

Change The World

George Packer, Staff Writer, New Yorker

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Voices is edited by Beth Callaghan.