What Happened When Alex Kenjeev Paid His Student Loan in Cash
America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)It's great when companies take a deep, hard look at themselves in the mirror. Frequently, though, this doesn't happen until some large, negative event takes place and the company needs to react.
Comverse Technology, Inc. (OTC: CMVT) is one of these companies facing itself in the mirror. Essentially a holding company which includes one of the leading providers of value-added software and services to the telecom industry (read, voice mail and billing), a large stake in a leading surveillance technology firm, and a couple other stakes in related businesses, Comverse has had an ugly couple of years.
Its founder, Kobi Alexander, sits in Namibia avoiding extradition by US authorities. In an ultimate act of chutzpah, Alexander sued the firm this week about his severance.The stock languishes. There is certainly a lot of value here -- the question is whether the company will be able to extract the value.
Comverse Technology, Inc. (OTC: CMVT) is one of these companies facing itself in the mirror. Essentially a holding company which includes one of the leading providers of value-added software and services to the telecom industry (read, voice mail and billing), a large stake in a leading surveillance technology firm, and a couple other stakes in related businesses, Comverse has had an ugly couple of years.
Its founder, Kobi Alexander, sits in Namibia avoiding extradition by US authorities. In an ultimate act of chutzpah, Alexander sued the firm this week about his severance.The stock languishes. There is certainly a lot of value here -- the question is whether the company will be able to extract the value.
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