Marvel Technology (Nasdaq: MRVL) getting rocked and hitting a 52 week low after a weak earnings report. The company posted a loss of $ 6.4 million, or -$.01 per share, on revenue of $758.2 million for the third quarter ended Oct. 27. During the same period a year ago, Marvell earned $6 million, or $.01 per share, on revenue of $520.4 million.

Veraz Networks (Nasdaq: VRAZ) closes a deal with ONEMAX for the first-ever deployment of an IMS over WiMAX network in the Americas.

Internet Gold (Nasdaq: IGLD) announces earnings. We also saw the IPO of IGLD’s subsidiary, 012 Smile.Communications (Nasdaq: SMLC) this quarter.

Shamir Optical (Nasdaq: SHMR) reported earnings with an increase of 50% in adjusted net income. Not too shabby.

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Aaron Katsman
www.IsraelNewsletter.com

Not everything you see on CNN regarding Israel is true. While TV watchers think that Israel is a place where bombs are constantly going off, and that those who stray outside are entering a war zone, today’s news from S&P is welcome news.

In a move that solidifies Israel’s place among developed nations, Standard & Poor’s Rating Services has raised its long-term foreign currency sovereign credit rating for Israel to “A” from “A-”, the long-term local currency rating to “AA” from “A+”, and the short-term local currency rating to “A-1+” from “A-1″. S&P reiterated its short-term foreign currency rating at “A-1″.

In explaining the move, S&P credit analyst Veronique Paillat-Chayrigues says, “The upgrades reflect the improved resilience of Israel’s public finances and economy to geopolitical risks after a four-year period of uninterrupted and above-expectation fiscal consolidation, external asset accumulation, and robust economic growth.”

How about that. Israel has robust growth. You would never have known it by listening to the media.

Kudos to S&P for telling the world about the strength and resilience of the Israeli economy.

Please see our Disclaimer HERE.

Disclosure: Author has no position in any stocks mentioned, as of 11/26/07.

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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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Aaron Katsman
www.IsraelNewsletter.com

On Track Innovations Ltd.  (Nasdaq: OTIV ), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments other applications and machinery, announced disappointing earnings earlier today. This is not the first bad quarter investors have been subject to. Revenues came in lower than expected and the company suffered a much bigger loss than expected.

Commenting on the results, Oded Bashan, Chairman and CEO said, “Although this is not always reflected in our financial results, we are making progress in the overall business. The number of projects in the pipeline have increased, the large projects we are involved in are progressing, and we are introducing new products and expanding our IP.”

Mr. Bashan, if it’s not reflected in your financial results, how would we know that the business is “making progress?” For investors, the proof is in the pudding. It’s like saying the win-less Miami Dolphins are getting much better, even though they still haven’t won  a single football game this season.  Who cares. Sorry Zack, I couldn’t resist. There will be no getting Jiggy with this stock!

Since late April the stock price has been cut in half. With shrinking margins and lower revenues, no matter how good the technology is and how big your pipeline is, this seems like a second half 2008 story at best. I will add that the one interesting fact here is that they have a strong balance sheet and $40 million in cash, with a total market-cap of $80 million.

Please see our Disclaimer HERE.

Disclosure: Author has no position in any stocks mentioned, as of 11/26/07.

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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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Aaron Katsman
www.IsraelNewsletter.com

So here we go again. Just when I had pretty much thrown in the towel on Radvision(RVSN), the video-conferencing over IP and 3G networks company throws me for a loop with news of an insider stock purchase. The stock has gotten absolutely crushed this year down a whopping 40% YTD, due to a string of lower earnings guidance for the last few quarters. While the company enjoys a very close relationship with Cisco(CSCO), I am of the opinion that they have taken that relationship for granted and have lacked the focus and drive necessary to bring in other customers and grow the business.

A few days ago, the company received permission to purchase up to $30 million in stock. Skeptics among us may see that as a PR stunt to boost the stock, but in addition to the news of the company buyback, was the more interestingheadline that Yehuda Zisapel, a former Chairman of the Board of RVSN and the brother of the company’s current Chairman of the Board, bought $2 million of stock.

What to make of all this? On the one hand I can’t stand when companies talk a good game and fail to deliver. On the other hand, when the former Chairman puts in $2 million, I am intrigued. With the stock so far down, it may pay to start getting back in and slowly build a position. Of course as soon as I do, I am sure something else bad will happen, and it will start to drop again!

Please see our Disclaimer HERE.

Disclosure: Author has no position in any other stocks mentioned, as of 11/23/07.

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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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