Written by: Zack Miller | March 10, 2008
This special report on the Israeli shekel appeared as part of our new subscription newsletter, Israel Opportunity Investor. You can find out more about the product and the opportunities we cover at www.israelnewsletter.com
******************************************************
Throughout our research process at Israel Opportunity Investor, we get to spend a lot of time speaking with CEOs and CFOs of Israeli companies. What started as a whisper is now being echoed by industrialists, exporters, and investors. Israeli companies are beginning to feel the impact of a very strong currency. The Israeli shekel has been one of the world’s strongest currencies over the past 2 years and especially, over the last couple of months. Any Israeli exporter, from an orange distributor to high tech, is feeling the pinch of the strong shekel on their bottom line.
(Continue »)
Written by: Israel Investor Newsletter | January 20, 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“.
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.
