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The Briscoe Law Firm Investigates Ulticom, Inc. for Shareholders Concerning the Buy-Out by Platinum Equity, LLC

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^{Published in Science and Technology on Wednesday, October 13th 2010 at 11:05 GMT by Market Wire}  

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of [ Ulticom, Inc. ] (aUlticoma or ULCMa) (NASDAQ: ULCM) related to the proposed acquisition of ULCM by Platinum Equity, LLC.

Under the terms of the agreement, shareholders will receive a special dividend in the amount of $5.74 in cash to be paid at the close of business on November 24, 2010, as well as $2.33 in cash when the deal closes. This $8.07 buyout represents a 5% premium over the closing price on October 11, 2010. Based on historical stock prices as high as $9.48 on July 30, 2010, however, the transaction appears to significantly undervalue the company. Additionally, there is a separate purchase agreement for Comverse Technology, a controlling shareholder of Ulticom, which will occur immediately prior to the close of the merger and deferred at the risk based on Ulticoma™s financial performance post closing.

The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Ulticom for approving this transaction and whether Ulticoma™s Board of Directors acted in the shareholdersa™ best interests.

If you currently own shares of Ulticom/ULCM and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.