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Comverse Plunges as Business Slows, Filings Delayed

in News on 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.