Another stock he likes is Ulticom, which sells switching software to Ericsson, Siemens and Comverse Technology.
The Securities and Exchange Commission has also filed a complaint against the three Comverse executives.
The Securities and Exchange Commission also filed a complaint against the three Comverse executives on Wednesday.
Comverse, a New York-based voicemail and voice messaging systems firm, was founded by Alexander in the 1980s.
"We believe that larger telecommunications players could enter their market, which could diminish Comverse's leadership position, " he wrote.
The U.S. Attorney for the Eastern District of New York says the three conspired to manipulate and deceive Comverse investors.
On Wednesday, federal prosecutors alleged an elaborate fraud had been carried out by three former top executives of Comverse Technology.
The U.S. Attorney for the Eastern District of New York says the three conspired to manipulate and deceive investors in Comverse.
Comverse CEO Charles Burdick said in a statement that the deal, along with the spin-off of the new company Comverse Inc.
FORBES: Merger Mania Monday: Bids For FSI, Pervasive, Comverse
Kreinberg is the former CFO at Comverse Technology , and he has agreed to settle Securities and Exchange Commission charges related to options backdating.
Comverse owns 75% of Ulticom, which it carved out in April 2000.
The U.S. Attorney for the Eastern District of New York says the three ex-executives conspired to manipulate and deceive investors in Comverse.
The recent problems compelled the Nasdaq stock market to delist Comverse shares earlier this year, sending them to the Pink Sheets on Feb. 1.
Comverse Technology reached an agreement to be acquired by Verint Systems, in a deal which is more corporate reorg than straight acquisition.
FORBES: Merger Mania Monday: Bids For FSI, Pervasive, Comverse
Besides its main operations, which provide billing and other software to mobile telecommunications companies, Comverse owns 57% of Verint Systems, which provides network security services.
The charges against Comverse's ex-CEO Jacob "Kobi" Alexander , former finance chief David Kreinberg and former general counsel William Sorin include wire and mail fraud.
Comverse also said it expects to wrap up its stock options probe by May, at which time it will issue final results for the quarter.
While that portends an upturn in business heading into mid-2007, any significant slowdown in the economy would likely curb corporate technology spending, hurting Comverse's sales and profits.
He ran entrepreneurial units of Comverse Technology and BMC.
The U.S. Justice Department has charged three former top executives of Comverse Technology with various counts of fraud in connection with an ongoing investigation into the backdating of options grants.
The U.S. Attorney charges that the men devised a scheme to backdate millions of stock options granted to themselves and their employees to days when Comverse stock was trading at periodic lows.
The ex-CEO of Comverse Technology arranged a secret slush fund of stock options by directing grants to "phantom" employees in a special account set up for the purpose, according to federal prosecutors.
Kreinberg is the former CFO at Comverse Technology (nasdaq: CMVT - news - people ), and he has agreed to settle Securities and Exchange Commission charges related to options backdating.
All three companies have been unable to file timely financial statements because of the options situation, which included the arrest in Namibia last year of Jacob "Kobi" Alexander, the former Comverse chief executive.
Two years ago, the chief executive of Comverse Technology fled the United States for Israel and then for Namibia, escaping charges that he participated in a scheme to back-date options at the Long Island, N.
Besides its main operations, which provide billing and other software to mobile telecommunications companies, Comverse owns 57% of Verint Systems (other-otc: VRNT - news - people ), which provides network security services.
"The commentary supports our view that Comverse is actively looking at unlocking value for shareholders, which could ultimately lead to a breakup of the company, " wrote Friedman Billings Ramsey analyst Daniel Ives in a note to clients.
The government has charged Comverse's former CEO Jacob "Kobi" Alexander , along with former finance chief David Kreinberg and former general counsel William Sorin , with various counts of fraud, including mail and wire fraud, as well as falsifying documents.
应用推荐