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CMVT Comverse Technology, Inc. (MM)

4.36
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Comverse Technology, Inc. (MM) NASDAQ:CMVT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.36 0 01:00:00

Skype To Debut New Avatar Product From Comverse: KloniesTo visit Klonies on Skype go to http://skype.klonies.com

07/06/2006 9:00am

Business Wire


Comverse Technology, Inc. (MM) (NASDAQ:CMVT)
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Comverse, a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT), the world's leading supplier of software and systems enabling network-based multimedia enhanced communication and billing services, and Skype(TM), the global Internet communications company, today announced Skype Klonies(TM), an innovative avatar service that lets users personalize Skype with special characters that reflect their personalities, moods and interests. Using the Klonies Studio in the Skype website, users can create and frequently update their unique Klonie image -- changing hairstyles, clothing and accessories, expressions, locations, animated activities and more. Klonies appear as the Skype Caller ID on the screen of the called party, representing how the user would like to be seen, and reflecting the user's appearance, interests, and feelings. As part of the launch and as the world's attention turns to soccer, a special "Football Mania" content catalogue has been created, which will allow users to dress their Klonies in fans' clothing and accessories, perform the well-known ola wave in the football stadium, and much more. "Recent surveys we conducted show that personalization capabilities are important to the Skype community," said Saul Klein, VP Marketing, Skype. "Avatars are a key component of the Skype personalization strategy. Klonies are debuting on the Skype site and launching with a "Football Mania" section offering fun and topical content to everyone on Skype." "We believe that Klonies will be popular among Skype users, and will enhance Skype's reputation as an industry innovator," said Zeev Bregman, Chief Executive Officer at Comverse. "In addition, the Skype Klonies will be valuable for Skype in the mold of other personalization services, such as the ringtone and wallpaper market." About Skype Skype is the world's fastest-growing Internet communication offering, allowing people everywhere to make unlimited voice and video communication for free between the users of Skype software. Skype is available in 27 languages and is used in almost every country around the world. Skype generates revenue through its premium offerings such as making and receiving calls to and from landline and mobile phones, voicemail, call forwarding and personalization including ringtones and avatars. Skype also has relationships with a growing network of hardware and software providers. Skype is an eBay company (NASDAQ: EBAY). To learn more visit skype.com. Skype is not a replacement for your ordinary telephone and cannot be used for emergency calling. About Comverse Comverse, a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT), is the world's leading provider of software and systems enabling network-based multimedia enhanced communication and billing services. The company's Total Communication(SM) portfolio includes value-added messaging, personalized data and content-based services, and real-time converged billing solutions. Over 450 communication and content service providers in more than 120 countries use Comverse products to generate revenues, strengthen customer loyalty and improve operational efficiency. For additional information, visit the Comverse website at www.comverse.com or the Comverse Technology website at www.cmvt.com. All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s). Note: This release contains "forward-looking statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially include: the results of the review of the Special Committee, appointed by the Board of Directors on March 14, 2006, of matters relating to the Company's stock option grants, including, but not limited to, the accuracy of the stated dates of option grants and whether all proper corporate procedures were followed; the impact of any restatement of financial statements of the Company or other actions that may be taken or required as a result of such reviews; the Company's inability to file reports with the Securities and Exchange Commission; risks associated with the Company's inability to meet NASDAQ requirements for continued listing, including possible delisting; risks of litigation and of governmental investigations or proceedings arising out of or related to the Company's stock option grants or any restatement of the financial statements of the Company; risks associated with integrating the businesses and employees of the GSS division of CSG Systems, International and Netcentrex S.A.; changes in the demand for the Company's products; changes in capital spending among the Company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the Company or its competition; risks associated with rapidly changing technology and the ability of the Company to introduce new products on a timely and cost-effective basis; aggressive competition may force the Company to reduce prices; a failure to compensate any decrease in the sale of the Company's traditional products with a corresponding increase in sales of new products; risks associated with changes in the competitive or regulatory environment in which the Company operates; risks associated with prosecuting or defending allegations or claims of infringement of intellectual property rights; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; risks associated with the Company's ability to retain existing personnel and recruit and retain qualified personnel; and other risks described in filings with the Securities and Exchange Commission. These risks and uncertainties, as well as others, are discussed in greater detail in the filings of the Company with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These documents are available through the Company, or its website, www.cmvt.com, or through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov. The Company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.

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