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Comverse Technology Shares Rise
NEW YORK (AP) Comverse Technology Inc. shares climbed Friday, a day after the voicemail software maker said it settled charges of improper stock option backdating and other accounting practices.
Comverse shares rose 45 cents, or 5.5 percent, to $8.65 in afternoon trading.
Comverse didn't admit or deny guilt to the Securities and Exchange Commission, and the company was not fined. It must file periodic reports with the SEC by Feb. 8. The company had delayed filing financial reports due to the investigation. ...
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