Another stock he likes is Ulticom, which sells switching software to Ericsson, Siemens and Comverse Technology.
On Wednesday, federal prosecutors alleged an elaborate fraud had been carried out by three former top executives of Comverse Technology.
Kreinberg is the former CFO at Comverse Technology , and he has agreed to settle Securities and Exchange Commission charges related to options backdating.
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
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 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.
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.
Kobi Alexander, the former boss of Comverse Technology, is still fighting extradition from Namibia, to which he fled in 2006 following accusations of improper options-backdating. (There has been speculation that he is actually now in Switzerland.) It would not come as a complete surprise if Mr Fuld, a fan of big-game hunting, decided that now is the perfect time for an extended Namibian safari.
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.
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