BigBand (Nasdaq: BBND) lands a deal with Charter Communications (Nasdaq: CHTR) for its switched digital video solution. Charter is the fifth operator to initiate commercial deployments of BigBand’s SDV solution. The five largest cable operators in the U.S. have now selected BigBand’s SDV. Check out our recent coverage of BigBand.

Motty Zisser, Elbit Medical’s (Nasdaq: EMITF) head, is already mulling expanding the Budapest Arena Center. The 66,000-square meter mall is Hungary’s largest mall and is fully occupied. The center was sold in August and it looks like Elbit Medical may see a gain of 1 billion NIS on the sale.  See our coverage of Elbit Medical’s strategy here.

Merrill Lynch upgrades Israel cellular provider, Cellcom (NYSE: CEL).  The bank said, “Despite the share price rallying 17% in the past month, we see two reasons to recommend purchase. First, we find a prospective 7.6% dividend yield compelling and, second, we see scope for additional cash returns with current net debt only 1.3 times earnings before interest, taxes, depreciation and amortization (EBITDA) and well below management comfort levels of 2.5 times.”

Israel theft-prevention firm, Ituran (NYSE: ITRN), whiffs on earnings by $.03.

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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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