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Stock exchange and the latest financial / Business news.
For news before 03.05.2004 click here.
For news 03.05.2004 - 24.10.2004 click here.
24.10.04 Ormat Ormat Tech. will issue of capital $ 100M in wall street.
Teva Pharmaceuticals Sales of Copaxone® amounted to $242 million in the third quarter
ended September 30th, an increase of 34% over the comparable
quarter of 2003.
Elbit Medical Inscitec received an FDA approval for ExAblate 2000. Expected sells
for year 2004: $ 9,000,000. and $ 25 - 30M for year 2005.
Israel Corp. Zim will sell tow ships for $ 75.5M and lease them. Capital profit: $ 19M
Frutarom Industries Purchase International Flavors & Fragrances Inc ("IFF") activity in France.
for EUR 3.5M
21.10.04 Maabarot Prod. An agreement to purchase Altman Ltd. Shares was signed.
Maabarot will pay NIS 24 - 26M
20.10.04 I.D.B. Development Will purchase 33,804,180 shares on Leumi Bank from Nigdal Group.
Brill Shoe Ind. New order from the IDF for NIS 11M
Maariv Holdings Maariv and Mr. Goshinsky will submit an offer for Bezeq Ltd.
Aryt Industries Amercom received a new order for the Merkava tank Mark ||| for NIS 1.1M
19.10.04 Teva Pharmacutical Announced today that the U.S. Food and Drug Administration has granted
final approval for the company’s ANDA for Cefuroxime Axetil Tablets
USP, 250 mg and 500 mg. A launch date is planned for later this quarter.
Alvarion Telekom SA submitted a new order.
lipman The EMVCo . Org. approved Norit as EMV 2000 standard.
The EMVCo . Org. was established on 1999 by MasterCard International,
Europay International , Visa International.
Audiocodes Audicodes and 3Com Corporation (NASDAQ: COMS) today announced
that they have signed an original equipment manufacturer (OEM) agreement
for AudioCodes to be a supplier of voice over Internet protocol (VoIP)
media gateways, enabling 3Com to offer voice products to the enterprise
market.
18.10.04 Audiocodes Announced that the two companies, AudioCodes (NASDAQ: AUDC),
and BayPackets have joined forces to deliver comprehensive Voice over
IP routing and messaging solutions to the Cable MSO and DSL market.
Israel Land Develop. The Export Credit Insurer bonds was rated as AA3
Electra Ltd. Purchase a real estate in Canada for C$ 88,000,000
Amanet Dividend NIS 1.032  per share. Total of NIS 7,000,000
Record date: 01/11/2004 
X date: 02/11/2004 
Payment date: 18/11/2004  
Retained earning ( after dividend ): NIS 34,645,000 
17.10.04 Emblaze Layoff  90 employees.
Super - Sol The employees declared strike
Elco Holdings An agreement with the IRS was cancelled today.
14.10.04 Teva Pharmaceuticals Announced today that the U.S. Food and Drug Administration has granted
final approval for the Company’s ANDA for Flumazenil Injection,
0.1 mg/mL. Commercial marketing of this product will begin immediately.
Tadir-Gan The Israeli Investments Center approved and investment plane for
NIS 34,650,000.The Investments Center will grant the co.: NIS 6,930,000
Y.A.D. Electronics A settlement agreement with Microsoft was signed. 
13.10.04 Radware Announce that St.George Bank, Australia's fifth largest bank and one of
the country's top 15 publicly listed companies, has deployed a Radware
intelligent Application Switching solution.
Sefen Ind. Workers declared a strike.
Nice Announced that it received a significant deal from a leading European
internet provider (T-Online)to implement NICE Perform™ in their contact
centers.
12.10.04 Bluephoenix Announced that Ghent University went into production following a database
application migration. The project involved migrating the university’s
non-relationa IDMS database to a new relational Oracle database, which
provides the university with a much more flexible and standard IT 
environment for their Personnel and Payroll applications.
Magic Software Announced, that its subsidiary, CarPro Systems Ltd, has recently
signed agreements and completed implementations for Europcar, Budget
and Hertz. Collectively these deals total approximately $300,000.
Willy Food Inter. Estimates 3rd Q 2004: income increase by 30%.
11.10.04 Statistics New house sells during the last 7 months: up 7%.
New house sells during the last 2 months: down 6%. In annual terms.
Discount Bank CEO: At no time the bank was in an insolvency state.
The bank stability was not in doubt at any time.
BackWeb Layoff 30% of total manpower. 30.
Kidron Industrial New agreement ( principle ) with Hydro Industries Tinat Ltd. For NIS 10M
Ilex Medical An agreement with OLYMPUS UK LTD. For £ 800,000
10.10.04 Polar Investments A lawsuit against a related company Dai Telecom SPA  (74%) was
forward in Italy for NIS 10M. Attempts to reach for a settlement.
Villar International An associated company (50%) purchase of a shopping center in Romania
for $ 21M.
Solbar Industries Establish a new company Nutrocognia Ltd. With others.
Total invested means: $ 4,000,000. as shareholders loan.
Equital Holdings in Equital Management 1 sold for NIS 1.5M in cash and shares.
Holyday 06.10.2004 - 09.10.2004
05.10.04 Metalink Announced that shipments of the company's VDSL products to South
Korea for the third quarter of 2004 have increased by approximately 17%,
compared to shipments in the second  quarter of 2004.
Teva Announced today that the U.S. Food and Drug Administration has
granted final approval for the Company’s ANDA for Ribavirin Capsules,
200 mg. Shipment of this product is expected to begin immediately.
Total annual sales of the product, including brand and generic sales,
are approximately $377 million.
04.10.04 Lipman Lipman has purchased 100% of the share capital of Dione from its
hareholders, Tamares Capital Foundation, GE Equity and others.
03.10.04 Koor Industries Signed agreements to sell 19% (approximately 2.75 million shares)
of Knafaim Arkia Holdings Ltd. (TASE: KNFM)
Teva The U.S. Food and Drug Administration has granted final approval
for the company’s ANDA for Mesalamine Rectal Suspension, USP
4 gm/60 mL. Shipment of this product is expected to begin immediately.
02.10.04 Plastro Irrigation Purchase a company in Brazil for $ 1M.
01.10.04 Matav The district court in Los Angeles, California, ruled in favor of Warner
Bros. International Television Distribution in its breach of contract
lawsuit against Golden Channels & Co.
the district court awarded Warner damages in the amount of approximately
$19.3 million (excluding attorney fees) and rejected Golden Channels’
counterclaims in the matter. Matav received the verdict yesterday.
30.09.04 Holiday
29.09.04 Koor Industries Sale - 39% of Telrad Networks LTD . For $ 21M
28.09.04 Alvarion Announced that China Netcom (CNC), China’s second largest fixed
telecommunications provider, is expanding its deployment of the Alvarion
3.5GHz Broadband Wireless solution to additional sites in four provinces.
Prior Tech Camtek expected income for this quarter: $ 19M
Israel Salt Ind. Sold 24,800,000 shares of Hapoalim Bank for not less then NIS 310M
The company will not sell anymore shares during the next three months
27.09.04 Mr. Dror Strum A local bank was almost insolvent.
Metalink Metalink expects 2004 third quarter revenue to be in the range of $4.7
million to $5.0 million, an increase of about 40% compared to the third
quarter of 2003.
Magic Software Magic Software Signed a $400,000 Nordic Distribution Agreement
with VM-Line.
Maariv Holdings Sold holdings in Telad Jerusalem for NIS 13,700,000
26.09.04 Argaman Industries Negotiation to sell Arel Control (1971) Ltd. for $ 500,000.
Agis Tentative approval for Halobetasol Propionate Ointment, 0.05% after
16.12.2004. This product is the generic prod. For Ultravate ® Ointment,
0.05% made by Bristol Myers Squibb.
Sefen A train mfg. in Europe ordered $ 15M to be delivered during the next 4 years.
23.09.04 Tadiran Telecom Has no part in the Antitrust settlement with other switchboards suppliers
Alvarion Altitude Telecom will deploy Alvarion's BreezeMAX™, to build a nationwide
network using their 3.5GHz spectrum.
Mizrahi Bank Maalot rates (+AA)
Hapoalim Bank Maalot rates (+AA)
Leumi Bank Maalot rates (+AA)
Discount Bank Maalot rates (-AA)
22.09.04 TASE Although the strike is over, trading will start tomorrow.
Ceragon Networks Cyprus Telecommunications Authority (CYTA), the national incumbent
service provider, is deploying its FibeAir™ products as part of a
project to extend CYTA’s network.
Jacada West Corporation Selects Jacada Fusion to Improve Contact Center 
Productivity.
Magic Software Magic Software and IDS Scheer AG Announce Partnership for the 
Enterprise Integration Market.
Koor Industries Settlement Regarding Anti-Trust Investigation.
21.09.04 TASE Tel - Aviv Stock Exchange on strike.
Serono Interpharm mfg. activity will be closed by the end of 2004.
20.09.04 Solel Bone Failed to repurchase shares
Delta Textile Maalot upgraded rating from (A) to (A+)
19.09.04 Gmul Investment Negotiation to purchase Electronics Line (E.L.) Ltd.
L.I.M.S. Labs. New orders for STARLIMS ( $ 1.1M )  from a US authorities.
Ituran New contract from China for $ 4.3M
Agis FDA approved Mesalamine Rectal Suspension Enema, the generic
product of Rowasa ® Rectal Suspension Enema.
Bezeq Continue to invest in YES ( D.B.S.)
17.09.04 Holyday - New Year
16.09.04 Holyday - New Year
15.09.04 Holyday - New Year
14.09.04 Jerusalem Economic Purchase a Canadian shopping center for NIS 140.2M
Nice System Today announced that it has been awarded a contract worth more than $1M
for its digital video security solution by one of the largest financial
institutions in the world.
Gilat Satellite Announced today an agreement to supply Australia’s second largest
telecommunications company, SingTel –Optus, with a SkyEdge hub
and remote sites for the expansion of Optus’s already existing Gilat
networks, which will be upgraded to SkyEdge as well.
13.09.04 Teva Announced today that further to its press release dated January 31,2004,
the Company has entered into an agreement with Schwarz Pharma
regarding Moexipril HCl Tablets,the AB-rated generic equivalents of
Schwarz’s antihypertensive agent Univasc ® Tablets.
Under the terms of the agreement, Teva will suspend all manufacturing
and selling of its Moexipril HCl Tablets pending the outcome of litigation
between the two companies in the U.S. District Court for the District of
New Jersey or an Order of the Court.
12.09.04 Israel Corp. Will register NIS 90M as capital profit from selling 2 ships by Zim.
Maalot Ashtrom's bonds for NIS 91.4M are rated as: A.
Adi Jorabin Request to appoint a receiver was approved by the court.
Baran Group. Baran Engineering received a new contruct from a government company
for NIS 15,500,000.
Koor Acquire of 32.5% in the defence company Tadiran Communications Ltd.
For approximately $141 million.
09.09.04 T.A.T. Industries Dividend NIS 6.70 per share. Total of NIS 16,509,349 
Record date: 10.11.04
X date: 11.11.04
Payment date: 28.11.04 
Given Imaging Given Imaging Launches PillCam(TM) as New Brand Name for Video
Capsule 
08.09.04 Maxima Air Dividend NIS 0.42 per share. Total of NIS 8,234,435
Record date: 19.09.04
X date: 20.09.04
Payment date: 04.10.04 
Malam Systems Received a new order from one customer for $ 11M
Compugen Diagnostic Products Corporation and Compugen Announce
Broad Diagnostic Collaboration
07.09.04 Comverse Verint Systems Inc. Purchase RP Security Germany for $ 9M and 90K
shares. RP Sicherheitssysteme GmbH (“RP Security”), a developer of
mobile video security technology for the transportation market. RP Security,
headquartered in Flensburg, Germany, was founded in 1999 and has
approximately 50 employees. 
Gilat Has been selected by Buffets, Inc. to provide a Connexstar broadband
satellite network to 350 restaurants nationwide.
06.09.04 Vita Galilee Board of directors approve the main shareholders  3! Investment
in Industry Ltd. 
The loan: NIS 3,000,000 loan in 4% and adjusted to the index.
Settlement: not later then 31.01.2005
05.09.04 Ituran Telmitex: new contract in Korea for $ 5M.
Satcom Purchase Gaya Com. For NIS 1.9M
Calanit Hi Tech Pelephone order for Kyocera Cell phone was cancelled.
Teva Board of directors approved repurchase up to $ 300M in shares.
I.D.B. Citibank will finance purchasing Cellcom or Bezeq.
Makefet Migdal Insurance Group purchase Makefet pension fund for NIS 201M
Mivtahim Menora Insurance Co. purchase Mivtahim pension fund for NIS 710M
02.09.04 Mivtahim Selling of Israel biggest pension fund in in process.
Bidders: AIG, Israeli Phonics - Shamrock, Menura Insurance Co.
Israel Discount Bank Negotiation to sell up to 16% of C.A.L ( Visa Card Distribution).
After selling Israel Discount Bank still remain with more then 50%.
Bezeq. The Minister of Communication ordered Bezeq to hold any further
investments in D.B.S Satellite Services 1998 Ltd. ( YES ).
D.B.S. did not made any profit since established.
2Q 04 income: NIS 250,082K. net loss: NIS (95,125K).
01.09.04 Hirchson Barak Shareholders will purchase Co. activities.
Calanit Hi Tech 2Q 04 income: NIS 46,059K. net loss: NIS (5,621K)
D.J.G. Dividend NIS 0.37 per share. Total of NIS 2,966,000
Record date: 07.09.04
X date: 08.09.04
Payment date: 21.09.04 
Kadmani 2Q 04 income: NIS 443K. net profit: NIS 1,418K.
Capital deficit: NIS ( 5,781K)
Elbit Image 2Q 04 income: NIS 172,428K. net loss: NIS (54,447K)
Shladot 2Q 04 income: NIS 4,496K. net profit: NIS 63K
31.08.04 L.I.M.S. Labs. Two orders for Starlims $ 1,200,000.
Isracolor 2Q 04 income: NIS 142,352K. net profit: NIS 3,302K
Extra Plastic 2Q 04 income: NIS 24,958K. net profit: NIS 1,273K
Zim Ordered 12 new ships. 4 ships purchase with Ofer Sipping.
Intercosma 2Q 04 income: NIS 50,823K. net loss: NIS (4,686K)
Vita 2Q 04 income: NIS 52,839K. net loss: NIS (9,217K)
Solel Bonhe 2Q 04 income: NIS 441,007K. net profit: NIS 59,664K
TelKoor 2Q 04 income: NIS 22,440K. net profit: NIS 2,547K
30.08.04 H&O Hamashbir The Israeli Police will continue to purchase H&O products.
Estimated income: NIS 30,000,000.
Dafron 2Q 04 income: NIS 14,813K. net profit: NIS (607K)
Alliance Tire 2Q 04 income: NIS 31,544K. net profit: NIS 1,228K
Hod Metal 2Q 04 income: NIS 212,887K. net profit: NIS 9,754K
El Al 2Q 04 income: $ 323,952M. net profit: $ 7,007M
Neviot 2Q 04 income: NIS 50,919K. net profit: NIS 2,243K
29.08.04 Delek Group 2Q 04 income: NIS 2,795K. net profit: NIS 116K
State of Isreal 30% of Bezeq The Israeli Telecommunication Company are for sale
as one. Includes option to purchase an additional 10.66% shares.
Polyram 2Q 04 income: NIS 35,947K. net profit: NIS 2,484K
Bezeq Now holds 100% of Pelephone shares.
Gan Shmuel Food 2Q 04 income: $ 30,210K. net profit: $ 1,309K
Computer Direct 2Q 04 income: NIS 72,330K. net loss: NIS (2,319K)
27.08.04 Yam Tatis 2Q 04 net profit: NIS 75M on NIS 134M 2Q turnover.
Dankner Investments 2Q 04 income: NIS 43,694K. net profit: NIS (49,859K)
Ampa Investments 2Q 04 income: NIS 52,694K. net profit: NIS  (4,933K)
Kafrit 2Q 04 income: NIS 96,082K. net profit: NIS 4,314K
26.08.04 Hamizrahi Bank Layoff 100 employees from Tfahot merger.
E.C.I 2Q 04 income: $ 121,042K. net loss: $ (3,527K)
Retalix Unified Western Grocers is rolling out the Retalix TRICEPS Warehouse
Management Solution
Mayanot Eden 2Q 04 income: NIS 98,529K. net loss: NIS (40,243K)
Gadot Chemical 2Q 04 income: NIS 213,044K. net profit: NIS 8,693K
Koor Industries 2Q 04 income: $ 495,311K. net profit: $ 4,490K
25.08.04 Nisko 2Q 04 income: NIS 179,775K. net profit: NIS 9,651K
Given Imaging 2Q 04 income: $ 15,462K. net profit: $ 921K
Elron 2Q 04 income: $ 25,438K. net profit: $ 5,479K
Scitex 2Q 04 income: $ 30,796K. net loss: $ (1,236K)
Cellcom 2Q 04 income: NIS 1,363,558K. net profit: NIS 160,246K
EBITDA ( First half 04) :NIS 944M. 2nd Q 2004 (3 months): NIS 479M 
Unidress Dividend NIS 0.9965 per share. Total of NIS 2,000,000
Record date: 01.09.04
X date: 02.09.04
Payment date: 19.09.04 
Discount Investments Dividend NIS 7.26 per share. Total of NIS 333,000,000
Record date: 13.09.04
X date: 14.09.04
Payment date: 27.09.04 
Aryt Ind. 2Q 04 income: NIS 6,019K. net profit: NIS 4,331K
Shemen 2Q 04 income: NIS 136,474K. net profit: NIS 1,868K
Discount Investments 2Q 04 income: NIS 1,755M. net profit: NIS 80M
24.08.04 Inter Gamma 2Q 04 income: NIS 105,061K. net profit: NIS 1,685K
Knafaim - Arkia Requests State of Israel approval to increase Kanfaim's holdings in 
El Al Israeli Airlines over 40% as requested by the regulations.
Sefen 2Q 04 income: NIS 40,026K. net profit: NIS 1,133K
Maabarot 2Q 04 income: NIS 64,179K. net profit: NIS 3,947K
Kesher Rant A Car 2Q 04 income: NIS 126,161K. net profit: NIS 7,421K
Cisco Purchase P-Cube for $ 200M
Yaad 2Q 04 income: NIS 6,628K. net loss: NIS (1,853K)
Retain loss: NIS 36,009K. Current ration < 1.
Medtechnica 2Q 04 income: NIS 57,260K. net profit: NIS 6,009K
Mashbir Fashion 2Q 04 income: NIS 77,807K. net profit: NIS 2,734K
Discount Mortgage 2Q 04 profit from financing: NIS 40M. net profit: NIS 6M
23.08.04 Delek Car Sys. Mazda 3 best selling car in Israel. Sold 7,770 Mazda cars during the last
3 month. 
Ford: 3,056 cars during the last 3 months.
Company's share in the Israeli market for Japanese cars: 58%.
Company's share in the Israeli market all: 30%.
Bank of Israel Interest rate remains 4.1%.
Discount Bank Delays in tender process.
Vulcan Batteries 2Q 04 income: NIS 11,790K. net loss: NIS (423K)
RoboGroup T.E.K. 2Q 04 income: NIS 13,316K. net loss: NIS (2,875K)
Delek Car Sys. 2Q 04 income: NIS 1,153,147K. net profit: NIS 80,154K
Doenitz Bros. 2Q 04 income: NIS 4,849K. net profit: NIS 1,883K
Knafaim 2Q 04 income: $ 42,513K. net profit: $ 4,676K
Mafil 2Q 04 income: NIS 24,284K. net profit: NIS 352K
Hachshara Insurance 2Q Profit from insurance activity: NIS 11,125K., net profit: NIS 9,735K
22.08.04 Ormat Tech IPO for $ 115M
Direct Insurance 2Q Profit from insurance activity: NIS 12,855K., net profit: NIS 28,075K
Direct - I.D.I. Dividend NIS 0.4795 per share. Total of NIS 37,000,000
Record date: 26.08.04
X date: 29.08.04
Payment date: 09.09.04 
Direct - I.D.I. 2Q Profit from insurance activity: NIS 30,040K., net profit: NIS 18,007K
Tower Semiconductors 2Q 04 income: $ 33,652K. net loss: $ (36,532K)
Oil Refineries 2Q 04 income: NIS 4,285,574K. net profit: NIS 270,095K
Israel Corp. 2Q 04 income: NIS 5,845M. net profit: NIS 409M
Delek Group. Negotiation to merge with Sonol Israel Ltd.
Taro FDA approved Loratadine, the bioequivalent to Schering’s Claritin® syrup.
19.08.04 Issta Lines Dividend NIS 0.5 and 0.25738  per share. Total of NIS 6,999,630 .
Record date: 25.08.04
X date: 26.08.04
Payment date: 08.09.04 
Omnitech 2Q 04 income: NIS54,961K. net profit: NIS 671K
Issta Lines 2Q 04 income: NIS 104,317K. net profit: NIS 2,851K
Bezeq 2Q 04 income: NIS 2,011,560K. net profit: NIS 106,301K
Yes D.B.S. 2Q 04 income: NIS 250,082K. net loss: NIS (95,125K).
18.08.04 Zim 2Q 04 income: $ 589M. net profit: $ 58.8M
Alony 2Q 04 income: NIS 49,955K. net loss: NIS (2,310K).
Birman 2Q 04 income: NIS 54,610K. net profit: NIS 1,661K
Packer 2Q 04 income: NIS 250,612K. net profit: NIS 9,183K
Ytong 2Q 04 income: NIS 147,742K. net profit: NIS 1,283K
17.08.04 Teva Purchase Pfizer's generic activity in Italy for $ 85M 
Spectronics 2Q 04 income: NIS 16,029K. net profit: NIS 1,808K
Ituran 2Q 04 income: NIS 85,922K. net profit: NIS 11,355K
Trans Clal 2Q 04 income: NIS 18,388K. net profit: NIS 3,650K
Matrix IT 2Q 04 income: NIS  210,619K. net profit: NIS 5,039K
16.08.04 Lapidot Oil in second layer 1,517 meters
Ispro Dividend NIS 9.30015  per share. Total of NIS 30,000,000.
Record date: 10.10.04
X date: 11.10.04
Payment date: 26.10.04 
Ispro 2Q 04 income: NIS  8,540 K. net profit: NIS 2,142K
Negev Ceramics 2Q 04 income: NIS 73,159K. net profit: NIS 2,598K
ICL - Israel Chem Dividend $ 0.52095  per share. Total of $ 63,866,381.
Record date: 01.09.04
X date: 02.09.04
Payment date: 19.09.04 
ICL - Israel Chem 2Q 04 income: NIS 671,505K. net profit: NIS 74,621K
Michpalim Inv. 2Q 04 income: NIS 112K. net profit: NIS 158K