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Nice Systems (NICE) this morning announced it has appointed Zeev Bregman as its CEO, replacing Haim Shani, who had previously announced his intent to serve as director general of the ministry of finance of Isreal. Bregman served as CEO of a subsidiary of stock-options backdating darling Comverse Technology (CMVT) up until February of 2007.

In a note to clients this morning, FBR Capital analyst Daniel Ives said the appointment should lift a cloud of uncertainty from the stock that has been hovering for the last couple of weeks. Ives has an “Outperform” rating on Nice Systems.

Filed under: Before the bell, Analyst upgrades and downgrades, Hershey Co (HSY), Comverse Technology (CMVT)

Citigroup downgraded Hershey (NYSE:HSY) to Hold from Buy, according to Briefing.com. The news services also reports that Bank of America downgraded Ingram Micro (NYSE:IM) to Neutral from Buy.

Robert Half (NYSE:RHI) was cut to Underweight at Lehman, according to 24/7 Wall St. The financial website also reports that Comverse Tech (NASDAQ:CMVT) was cut to Neutral at JPMorgan.

Douglas A. McIntyre

The Wall Street Journal loves to poke fun at corporate execs living large on the lam. Kobi Alexander, Comverse’s (CMVT) Namibian-dwelling ex-CEO, is not spared any ribbing in today’s Page 1 of the WSJ (sub. required).

Seems that Mr Alexander put on a lavish bar mitzvah party for his son recently which included flying in over 200 guests from Israel and the U.S. and a gala performance by a IOI’s Aaron Katsman’s favorite hip-hop group, Subliminal.