Israel Opportunity Investor News Roundup 1/1/2008
Written by: Israel Investor Newsletter | January 1, 2008
As we move into 2008, there should be plenty of action in our universe of Israeli stocks trading in the U.S.
Optibase (Nasdaq: OBAS) purchases 10% of Scopus Video Networks (Nasdaq: SCOP). According to StreetInsider, Optibase currently owns 3,725,223 ordinary shares of Scopus, representing approximately 27% of Scopus’ outstanding shares, and, following the consummation of the transactions, would own approximately 37% of Scopus’ outstanding shares. Read what we’ve said previously about OBAS’s investment record.
Expand Networks expands and signs deal with Israeli wireless backhaul firm, Ceragon (Nasdaq: CRNT) to upgrade Ceragon’s WAN.
Attunity (Nasdaq: ATTU) loses sizeable, >$1M for firm with $5 in revenues over last 9 months, OEM agreement. Stock gets hammered.
Magic Software (Nasdaq: MGIC) announces a sale of its subsidiary to Fortissimo Capital.
Israeli manufacturer of seamless athletic apparel, Tefron (NYSE: TFR), announces that Yacov Gelbard, former CEO of the Bezeq Group, has been elected Chairman of its Board of Directors.
Peter Thiel, one of the founders of PayPal, invests in search start-up, Hooja. Hooja already has some big names aboard and the technology “enables content providers to access personal and social information about users“.
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