Israel Newsletter News Roundup 11/28/2007

Written by: Israel Investor Newsletter | November 28, 2007

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.