Comverse—known in the mobile content world for its Klonie range of avatars and a bunch of back-end stuff—has said it will delay its first-quarter report “due to an ongoing review of stock option grants”, which will take more than five days. Shares fell almost 10% in response, and there’s a possibility Nasdaq will want to delist the stock.
On the other hand..."Comverse said its first-quarter revenue climbed to $373.5 million, a 36.9% increase over the same period last year. Analysts polled by Thomson Financial were looking for sales of $360.9 million.”
The Comverse press release is here.