Israel Newsletter News Roundup 7/10/2007

Written by: Zack Miller | July 10, 2007

CNNMoney story on the linkup between China’s consumer electronics group, Hisense with Israeli, Metalink (MTLK) to deliver high-definition multimedia over wireless home networks. Looks like Hisense liked Metalink’s chipset to be part of their wireless transmission of multiple high-def TV streams.

Alon USA (ALJ) buys additional pipelines in California for $4.5MM. Read our previous coverage on Alon USA.

Globes out with a story on Comverse (CMVT.PK) CEO, Andre Dahan. Globes reports that Dahan has submitted a draft strategic plan to the company’s Board enabling him to examine all strategic options. Read what IsraelNewsletter’s Aaron Katsman had to say about Comverse’s take-out prospects.

Forbes reports on Orbotech (ORBK).  The maker of testing equipment used to manufacture printed-circuit-boards and flat panel displays announced yesterday that it expects a deeper-than-expected downturn in its flat panel display business.

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