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LONG ISLAND INC. / Comverse Technology Boasts Surge in Profits
Newsday - Long Island, N.Y.
Author: Harrington, Mark||||||Dow Jone
Date: Jun 3, 1999
Start Page: A.52
Abstract (Document Summary)

services platforms and digital monitoring and recording products, reported first- quarter net income surged 48 percent to $35.6 million on sales that increased 25 percent to a record $200.5 million.

The strong financials follow a realignment of the Woodbury-based company in May, when it announced the formation of two wholly owned U.S. subsidiaries, Comverse Network Systems Inc. and Comverse Infosys Inc. to oversee services platforms and digital monitoring/recording products, respectively.

Shares in the Hauppauge maker of personal computer broadcast receiver products recently changed hands at 201/4, down 21/2, on higher than normal volume. {INCHES}It appears to be coming off of some of the other technology stocks, particularly Internet stocks, {INCHES} said Steven Singleton, a Robert Van Securities analyst.

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