Comverse rises on loss report

0 Comments | Oakland Tribune, Jun 4, 2003

The Nasdaq-100 After-Hours Indicator, which tracks stocks in the Nasdaq-100 Index that are traded between 4 p.m. and 6:30 p.m. New York time, added 1.71 to 1200.28.

Comverse Technology, the world's largest maker of telephone voice- mail software, rose in extended trading after reporting a smaller quarterly loss than analysts had expected. Comverse rose 62 cents, or 4.1 percent, to $15.80 in trading after exchanges closed.

Singapore-based Flextronics International Ltd.'s U.S. shares climbed 73 cents to $10.85. The largest maker of electronics for other companies said that it expects to earn 5 cents to 8 cents a share in the first quarter. Analysts had estimated 6 cents.

Convergys Corp. fell 78 cents, or 4.5 percent, to $16.70. The operator of customer-service operations for other companies said in a statement that it believes Sprint PCS (PCS US) will migrate off a Convergys billing system for its own. Before the announcement, Sprint PCS fell 20 cents to $4.25.>BLOOMBERG NEWS SERVICE