Aaron Katsman
www.IsraelNewsletter.com

For all you heading to Rio de Janeiro, but worried about the crime, you can breathe a sigh of relief, as the city’s crime rates have started to drop. How, you may ask? Due to Israelitechnology. Verint Systems’ (VRNT.pk), one of our favorites at IOI, surveillance systems have made a dramatic impact in fighting crime for the Brazilian city. So much so, that their system is being deployed in more areas than originally planned.

The success to date of Verint’s Nextiva Critical Infrastructure has earned praise from those connected to crime fighting. “We are committed to providing a safe city atmosphere for the residents and visitors of Rio de Janeiro, and through our expanded deployment of Verint’sNextiva solution, we will continue to decrease crime rates to allow our economy to thrive,”said Edval de Oliveria Novaes, Under Secretary of Intelligence for the city of Rio de Janeiro. “We’ve already seen dramatic, positive results from the initial deployment, and this expansion will build on that success.”

The success of the initial implementation, which contributed to the reduction of crime rates by over 50% in the high-traffic area of Copacabana Beach, is staggering.

Obviously this is a big win for Verint as a major deployment in such a major city, proves their effectiveness in video surveillance.

It’s just a shame that only now things are safer at Copacabana beach. Had Verint been around 30 years ago, Rico never would have shot Tony, and Lola would have been able to live her life. Instead she is…. ” Still in the dress she used to wear, faded feathers in her hair She sits there so refined, and drinks herself half-blind She lost her youth and she lost her Tony Now she’s lost her mind!

Oh well. Better late than never.
 

Disclosure: Author’s fund has a position in VRNT.pk, fund has no position in any other stock mentioned as of 4/24/08.

Please see our Disclaimer HERE.

NEW! Introducing Israel Opportunity Investor, our monthly subscription-only newsletter. Stay ahead of the game and make smart decisions in Israel stocks. Go here to learn more.

Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is 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.

Share with others:

Aaron Katsman
www.IsraelNewsletter.com

News that Time Warner Cable (TWC) and Comcast (CMCSA) are discussing a plan to provide funding for a national wireless network using WiMax technology, has sent shares of the IsraeliCeragon (CRNT) surging higher. According to the report, “Sprint (S) and Clearwire (CLWR) have been working for months to cooperate on a WiMax rollout and are now trying to raise at least $3 billion for a joint venture, the report said. Under the plan the parties are reviewing, Comcast would put as much as $1 billion into the venture, with No. 2 operator Time Warner Cable adding $500 million.

Why is this such good news for Ceragon? Because Ceragon, the leading provider of wireless backhaul solutions for IP-centric networks,  has been rumoured to be a big winner if Sprint were to go ahead and build out the WiMax network. Ceragon stock has gotten crushed over the last few months, as Sprint bailed on their deal with Clearwire. The fact that we are again talking about a nationwide U.S. WiMax network, is great news for Ceragon.

For investors, if we hear some more good news from the company coming on the heels of this report, it could potentially send Ceragon stock back to the highs made last year. It’s important to note that this is not a stock for the weak of heart, but for volatility lovers, this may be a company to take a look at. 

Disclosure: Author’s fund holds a position in CRNT. He holds no position in any other stock mentioned as of 3/26/08.

Please see our Disclaimer HERE.

NEW! Introducing Israel Opportunity Investor, our monthly subscription-only newsletter. Stay ahead of the game and make smart decisions in Israel stocks. Go here to learn more.

Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is 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.

Share with others: