Comversely, Comverse Technology To Spin Off Comverse

Comverse Technology(CMVT) announced plans today to spin off its wholly-owned subsidiary, Comverse. Confused? Comverse Technology is a holding company with 3 major assets: Comverse, a supplier of software and systems to telecommunications companies, majority ownership of Verint(VRNT), and majority ownership of Starhome, a private company. Comverse declared its intention to unwind its holding company structure and distributing Comverse…