Comverse Tech expects unable to forecast its annual profit this year

The biggest telephone information software manufacturer Comverse Technology said that affected by the gloomy economy and the mediocre telecom business income in the world, the profit and sales of the company this year were unlikely to reach the forecasted target. The news caused the stock price of Comverse to slump 33.5% and close at 25.95 cents and the other related stocks such as Emerson Electric, Openwave Systems Inc., Micromuse Inc. and Ulticom

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