 By early 2010 , Comverse Technology was planning to finally release an annual report with full financial statements and return to being fully listed on Nasdaq , but still was anticipating more layoffs . One piece of positive news in July 2010 was an $ 80 million investment by well @-@ known entrepreneur George Soros . However , the promised financial reports did not come , and an August 2010 public announcement that the company was short on cash and planning more layoffs and was subject to its stock being completely delisted caused a precipitous drop in the stock 's price , with the market valuation of the company falling below $ 1 billion . CEO Dahan said simply , " These are challenging times . " By August 2010 , analysts were stating that Comverse Technology might have to break up by selling off its subsidiaries and spin off Comverse 's own business units . Running low on cash , Comverse Technology engaged Goldman Sachs to explore such possibilities , with several large , well @-@ known technology companies potentially interested in Comverse and some private equity firms possibly interested in Verint . The company had some 4 @,@ 000 employees , and continued having about half of them employed in Israel and most of the rest in the US and France . The continuing financial reporting problems had cost the company some $ 500 million in accountants ' fees and related costs since 2006 and was the largest drain on its cash position . The fact that senior management awarded itself bonuses in a time of various rounds of layoffs left employees feeling outraged . Comverse 's restructuring also affected its 2006 @-@ acquired <unk> business unit in France , with layoffs or a shutdown possible . In October 2010 , Comverse Technology agreed to sell its two @-@ thirds ownership of its Ulticom subsidiary to a U.S. private equity firm for $ 90 million ; the deal closed in December 2010 . The company also sold part of its holdings in Verint , netting $ 80 million , and sold for $ 27 million land in the hi @-@ tech area of Ra <unk> , north of Tel Aviv , where it had been planning to build a new headquarters . 
