Zoran(ZRAN):NASDAQ Listing Will Continue
Written by: Aaron Katsman | November 9, 2007
Aaron Katsman
IsraelNewsletter.com
Zoran (ZRAN), a developer and marketer of integrated circuit cores (ICs) and embedded software for DVDs, digital cameras, and set-top boxes, announced that US Securities and Exchange Commission (SEC) has notified the company by letter dated November 2, 2007, that the staff’s investigation of Zoran’s historical stock option granting practices has been terminated and that no enforcement action against Zoran has been recommended to the Commission. Zoran’s NASDAQ listing was in jeopardy, as they delayed publishing their financial reports while the SEC investigation was on-going.
This should help lift a cloud that was hanging over the company and allow them to focus solely on executing their business model.
My man, Zack “FACEBOOK” Miller had a great piece on Zoran, and he is really getting jiggy.
Take a good look at Zoran, as they continue to be an attractive long-term play.
Please see our Disclaimer HERE.
Disclosure: Author has a position in ZRAN as of 11/9/07.
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Aaron Katsman is the lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.
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