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  "documentTitle": "Verint Systems, Inc. (VRNT)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2019-05-23 00:00:00",
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  "notes": "Uses a direct comparison of two sources to expose management dishonesty.",
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      "text": "Do you really feel comfortable investing with a management team that tells a major shareholder one thing, and all other investors another?",
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      "text": "Why is management saying publicly that customers do want to move to the cloud when it privately tells Neuberger that customers do not want to move to the cloud?",
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      "text": "On December 7, 2018, at Neuberger Berman's request... Mr. Bodner reiterated his position that he believed there is no incremental value that could be generated from separating CES and CIS, that Verint's customers do not want to transition to the cloud...",
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      "text": "As the proxy fight has dragged on, management has increasingly highlighted its focus on the cloud... We believe that investors should think long and hard about whether they can feel comfortable investing in such a management team.",
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      "kind": "quote",
      "text": "\"As we've discussed [on] prior calls, enterprise customers have been interested in a move to the cloud and what we've seen lately is that they've accelerated the cloud adoption and cloud purchases...\" - Dan Bodner – CEO, Verint",
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      "text": "“As we’ve discussed [on] prior calls, enterprise customers have been interested in a move to the cloud and what we’ve seen lately is that they’ve accelerated the cloud adoption and cloud purchases.” — Dan Bodner – CEO, Verint",
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      "kind": "title",
      "text": "Firing Over The Bow Of Neuberger?",
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      "text": "VRNT Q4 FY19 Earnings Call",
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      "text": "Neuberger Berman Proxy Filing",
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