Is Comverse's Re-Listing Imminent?

On Tuesday, Marvell Technology (MRVL) was told that it had received a stay from the Nasdaq’s board, and would retain its listing, at least until the July hearing.

This, combined with the settlements that we have started seeing in the option backdating scandal, has led many Israeli investors to wonder when will we get some information on Comverse (CMVT.PK). I want to be clear that I don’t think anyone really knows, but many local fund managers, as well as people close to the company, believe that a resolution is imminent, and that this could lead to a potential re-listing on the Nasdaq.

As I mentioned in a recent article, I think this will spell reward for investors, as we will start to unlock the full value of the company.

The stock has fallen hard, about 15% over the last few weeks, but as as intelligent investors sense a good deal is on the horizon, we have seen a nice bounce, and the stock has neared $20.

Disclosure: The author’s fund is long CMVT.PK, and MRVL as of June 26, 2007.

CMVT..PK 1-yr chart: