comverse

Xura Inc (NASDAQ: MESG), a provider of digital services solutions, announced that it is in talks for the potential sale of the company for $25 a share, representing a premium of 26 percent over Thursday's close. On the news, the shares climbed as much as 12 percent. The company, which also...

200 employees at Comverse Technology Inc. (PINK: CMVT) in Israel are receiving dismissal letters today, according to GLOBES. The layoffs are the enactment of cuts announced by the company in August when it was reported that the company was strapped for cash and even had a negative cash flow from...