BusinessWeek reports that the extradition hearing for Comverse’s (CMVT.PK) ex-CEO, Kobi Alexander, has been postponed for later this month due to “technical” issues. Alexander remains free on bail. Alexander was arrested September 26 in the Namibian capital, Windhoek, after a two-month manhunt conducted by the FBI.

Forbes has the story that Radware (RDWR) has named a new Executive Chairman of the Board, Christopher R. McCleary. Previously, McCleary served as the company’s non-executive chairman. From LinkedIn, it appears that McCleary also holds the Chairman position at SaaS Capital and JackBe Inc.

Eltek(ELTK) posted a decline in net income for what it attributed to be caused by the devaluation of the dollar against the shekel. IsraelNewsletter.com commented on this in the past and what we thought we would occur. We seem to be seeing a reversion back to the mean now — read our current analysis on the New Israeli Shekel versus the US dollar.

Forbes has the story that Elbit Medical (EMITF) forms joint venture for real estate development in Bangalore, India. Elbit Medical is expected to invest about $180 million in land acquisition transactions, with $50 million paid in advance. The advance payment will be returned to Elbit Medical if the preliminary conditions of the deal are not met. Revenue from the project is seen at more than $3 billion. Hard to value this one.

Fighting words from CheckPoint’s (CHKP) CEO and Founder, Gil Shwed aimed at Microsoft(MSFT). Shwed, speaking at an IDC security conference in Israel, apparently called Microsoft’s management and integration of its security products “unsatisfactory.” Read the story at Techworld.com.

Generic drug manufacturer, Perrigo (PRGO),  said a federal court ruled that its Famotidine Complete product didn’t infringe a patent related to the formulation of Pepcid Complete.  Merrill Lynch forecasts that Perrigo could generate at least $10mn in sales and $0.02-$0.03 EPS power during the first full year of marketing, and somewhat less than that in subsequent years as competition increases.

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