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mlkrborn

04/28/11 10:31 AM

Post #11

8:37AM Comverge: Shareholder Advocates for Value Enhancement sends letter to Comverge, Inc. shareholders; urges strategic alternatives (COMV) 3.94 : "Shareholder Advocates for Value Enhancement ("SAVE") is disappointed with the financial performance of Comverge, the governance of the Company, and the share price. For these reasons: SAVE urges shareholders to WITHOLD votes for ALEC G. DREYER at the May 10, 2011 annual meeting of the Company to send the message that CHANGE IS NEEDED and the message that the Company should promp SAVE also urges shareholders to WITHOLD votes on PROPOSAL TWO to send a message to the Board that shareholders want to DECLASSIFY THE BOARD TODAY. WITHOLD your votes to send a message that CHANGE IS NEEDED. Consider these points: The CEO R. Blake Young was awarded $4,333,389 in total compensation in 2010 - a year when the stock was down nearly 40%. According to the proxy, the company 'did not meet its revenue or net income goals' for 2010. Despite this, the Board voted to increase the CEO's base salary in 2011. The Compensation Committee also The company recently lowered the conversion price on a convertible security shortly after completing the deal. This action could result in the issuing of over 70% more shares than the original conv In 2010, the seven Board members earned on average $172,000 each. Since the IPO the stock is down over 70%. The current CEO R. Blake Young has been on the Board during this entire time. Since the Chairman Alec G. Dreyer joined the Board the stock is down over 75%. For these and other reasons, Bradley Tirpak, a founder of SAVE, has been urging the company to EXPLORE ALL STRATEGIC ALTERNATIVES."

dDT

08/13/10 3:23 PM

Post #10

Re: #9: @momentum74 - CMVT 4.72 in for a bounce -34%

Very nice smile

momentum74 Free

08/13/10 3:11 PM

Post #9

CMVT 4.72 in for a bounce -34%

lmialover

01/26/09 7:42 AM

Post #8

Re: #6: @alien-IQ - Before investing in this company please see this

*MARINE 1* Free

10/17/08 6:01 PM

Post #7

Change: UP 0.09 (2.51%)Volume:263,61017:30:07 EDTOct-17-08

alien-IQ

08/15/08 5:30 PM

Post #6

Before investing in this company please see this important video.

Profits come with a high price sometimes. Invest wisely and with a conscience.

Duffau

04/17/08 1:36 PM

Post #1

Nice 10% jump today on good news.

Comverse Technology, Inc. (CMVT)

Followers	1	Posters	8
Posts (Today)	0	Posts (Total)	11
Created	11/07/07	Type	Free
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Comverse will delay financial restatements: The company cautions that previous financial notices from March, June, and September should no longer be relied upon. Nov 05, 2007 (Globes - McClatchy-Tribune Information Services via COMTEX) -- Comverse Technology Inc. (Pink Sheets: CMVT) today announced that its previously stated expectation to become current in its financial reports by the end of its fiscal year 2007, ending January 31, 2008, is likely to be delayed. Comverse shares swooned over 10 percent by mid-day. The delay is due to questions involving timing of recognition of revenue, specifically relating to vendor specific objective evidence (VSOE). The company claims that any accounting errors identified as a result of this evaluation will probably only affect the timing of revenue recognized and will not to call into question the validity of the underlying transactions or revenue. The issues concern the application of Statement of Position (SOP) 97-2, Software Revenue Recognition, related to the audit of Comvere's 2006 financial reports. Until the evaluation is complete, the company may not be in a position to provide revenue and other income statement information to investors. Comverse Technology president and CEO Andre Dahan said, "The accounting issues related to the application of VSOE include the evaluation of very complex software revenue recognition standards, and the timing and recognition of maintenance revenue, which we are committed to getting right. This area of review arose in connection with the audit of our fiscal 2006 statements, and is not associated with the investigations led by the Special Committee of our Board of Directors, which are substantially complete. Any restatements resulting from this review is not a reflection on our business, but an indication of our commitment to address any potential accounting issues, correct them, and put them definitively behind us. We remain very optimistic about the strength of our business and its prospects." Comverse warns that its previously issued financial statements and the revenue and selected consolidated financial items disclosed in its press releases of March 22, 2007, June 11, 2007 and September 10, 2007, should no longer be relied upon. "Globes": Why is this issue only now been disclosed, and how can we be sure that a new problem won't emerge? Dahan: "We see no questions in any other area. Obviously, the audit by our accountant, Deloitte Touche, can raise questions of all kinds, but I assume that there's nothing serious; only technical points. Even the present issue about VSOE I see as a technical matter. In any event, we're working intensively to review all our contracts, especially those from 2006 which our accountants have not yet audited and where the problem was discovered, in order to classify the revenue correctly in accordance with the formulae. We also plan in future to develop a protective system to prevent new problems from emerging." Was any fraud involved? "No. Absolutely not." What's the status of the other issues in the restatement of your financial reports? "The special committee has almost completed its work. It's an independent body that only sends recommendations, which we're supposed to act upon. We began working with Deloitte a few months ago, and we hope that everything will be completed by January 2008." To see more of the Globes or to subscribe to the newspaper, go to http://www.globes.co.il. Copyright (c) 2007, Globes, Tel Aviv, Israel Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA. Gitit Pincas Copyright (C) 2007 Globes, Tel Aviv, Israel -0- SUBJECT CODE: TL