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Shares of Comverse, a maker of voice mail software, rose 36 cents, to $21.40.
Comverse Technology, a large maker of telephone voice mail software, said yesterday that second-quarter profit dropped 86percentt as sales fell 47percentt.
Comverse Technologies, which makes voice mail software, gained 8.6percentthethe best weekly performance in the Standard & Poor's 500-stock index; the company's first-quarter profit exceeded expectations.
WASHINGTON, May 4 (Dow Jones/AP) — Comverse Technology, which makes voice mail software, said Thursday that it had received a subpoena from federal prosecutors in New York in connection with its issuance of stock option grants.
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He played a "critical role" in backdating options at Comverse, the world's biggest maker of voice-mail software, the S.E.C. said.
The company offered few details about which product lines it planned to scrap, though it did say that one of its optical communications products would be folded into a different internal organization and that much of the company's "messaging" development (mostly voice-mail software) had been moved from Milpitas, Calif., to Chicago and Columbus.
Software that monitors Web and e-mail use, voice-mail retrieval software and keystroke and screen-capture software are in widespread use in the corporate world.
Countless secretaries were replaced by word processing, voice mail, e-mail and scheduling software; accounting staff by Excel; people in the art department by desktop design programs.
Banyan, which makes software for voice mail and messaging products and is based in Westborough, Mass., will take a $1 million to $1.5 million charge this quarter for research at the unit.
("Hey, Chris, you won't believe the voice mail I just got!") The software also maintains a tidy list of every recording you've ever made for quick retrieval, giving you a new weapon against the surly and incompetent customer-service reps that populate the modern 800-number universe.
That means corporate software without hardware (Salesforce), virtual private networks to the home office (Citrix), outsourced voice mail and e-mail (J2 Global), and mobile software to do work anytime (Sybase).
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