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.
Written by: Zack Miller | July 9, 2007
Innovator of data-capture solutions, Top Image Systems (TISA) announced today a strategic acquisition of leading EDM provider in Asia Pacific, Asiasoft. The 51% purchase of Asiasoft gives TISA an accretive acquisition that gets them to a $30MM revenue-per-year mark that the company set as a benchmark for investors earlier this year.
Interesting, if not a little too rah-rah, interview with IncrediMail’s (MAIL) founders. Interesting to hear about their marketing and M&A strategy and replete with the requisite cheerleading. “We’re now in the stages of growth and the company’s market cap does not reflect its potential at all,” insists founder, Ofer Adler.
Just in case, US managers were feeling lonely, Israel also has its share of corporate largess. The Marker has the story about outgoing Israel Corp CEO’s large parachute. That’ll buy some falafel.
UBS getting bullish on the shekel/dollar exchange.
Good read on Veraz (VRAZ) post-IPO and getting down to business. Read about the company’s take on the future of Voice Over IP (VOIP).
Written by: Zack Miller | July 8, 2007
Video services company, Optibase (OBAS), said on Friday that it began a tender offer for about 5% of the shares of Scopus Video Networks (SCOP). Following the tender (made about 6% above market price), Optibase’s would raise its stake in Scopus to almost 28%.
Israel defense contractor Elbit Systems (ESLT) announced on Thursday that a subsidiary, Tadiran, received a $85MM communications equipment contract from a European customer.
Partner Communications (PTNR) is served a lawsuit requesting certification as a class action, alleging that Israel’s second-largest mobile phone operator over-billed one million subscribers. The lawsuit, if certified as a class action, can potentially seek 1.5 billion shekels, or about $357MM.
LightReading out on the test-and-measurement sector’s unpredictability. While Radcom (RDCM) is having a disappointing 2007 (see IsraelNewsletter’s coverage on RDCM’s woes), Canadian test vendor, EXFO (EXFO) is on a roll. Its stock is up over 27% in 2007 off of beating expectations and record bookings.
Tel Aviv Court to hear Templeton-Taro case in September. Franklin Templeton (BEN) has filed a petition against the acquisition of Taro (TARO.pk) by India’s Sun Pharmaceuticals. Templeton owns a 9.5% stake in Taro and alleges that Taro’s management was pushing Taro into insolvency and trampling the rights of minority shareholders in order to sell the company.
Written by: Zack Miller | June 25, 2007
Globes story that Google Israel is showing some legs. Sources say that Keshet Television, One, Bizportal, and Heep are among the sites that the Google AdSense team has added to the Israeli ad network. These same sources say that “in the first half of 2007, Google Israel’s revenue reached $25 million, an amount identical to its revenue for all of 2006. It is estimated that Google Israel’s revenue will reach $45-50 million by year’s end.” Globes says that the rise in income seems to be attributed to growth in new advertising campaigns outside the traditional pay-for-click, including offline and branding campaigns.
Tech guru, George Gilder, was in Israel doing some diligence on his favorite Israeli company, EZChip, a subsidiary of LanOptics (LNOP). Says Gilder about why he likes EZChip, ” It is both a network-based technology that can be scaled. You can build on it and expand it. This is important in an era of constant change, and it also solves the time problem.”
Citibank out on Israel indirectly in a new research report on the region. Citing, earnings yield rations and very low interest rates, Citibank is overweight on Israeli equities. In particular, they like TEVA (TEVA), Bank Leumi, and Bank Hapoalim.
Japanese company, Internix, announced that it will be investing between $30 and $40MM in Israeli semiconductor firms. Each investment will average around $5MM. The semiconductor distribution firm maintains offices in Silicon Valley and represents about 2000 companies in Japan, including NEC, Fujitsu, OKI, Toshiba, Panasonic, Sharp and Sanyo.
Elbit Vision Systems (EVSNF.OB) hitting up investors for a $5MM+ private round. Elbit Vision develops and produces automatic in-line optical web inspection and quality monitoring systems for improving production efficacy and product quality.
Page 23 of 24« First...«2021222324»
