.
REASONS TO
COME TO D.O.E.
DON
III
1) EXPERTISE & INTEGRITY
2) REAL FURNITURE SHOW ROOM
3) 40%+ SAVINGS EVERY DAY,
NOT WEEKLY SPECIALS
4) SERVICE AFTER THE SALE
5) HONESTY ABOVE ALL
A
When it comes to marketing office, industrial
and commercial space, Friedman can handle all
your needs from the ground up.
Whether you're buying, selling or leasing,
Friedman can get the job done right
in the first place.
7 FRIEDMAN
Friedman Real Estate Group. Inc.
32300 Northwestern Highway, Suite 205
Farmington Hills, Michigan 48334
(810) 737-3600
Fax (810) 737-9652
GROUP
A
It takes team work to do great things H
commercial real estate. That's why our
hands-on property management, leasing and
marketing skills will add measurable
long-term value to your real estate investments.
Isn't it time to group your resources? _
'FRIEDMAN
%
Finsilver/ Friedman Management Corp.
32300 Northwestern Highway, Suite 215
Farmington Hills, Michigan 48334
(810) 855-5955
Fax (810) 851-0268
Celebrating Our
47th Anniversary!
At Discount • Office Equipment, you don't
have to settle for a photo of a desk, chair or cre-
denza when you shop for office furniture! In our
spacious, beautiful showroom, you'll find dozens
of office settings. You can sit in the chairs, touch
the desks, compare styles, finishes, fabrics and
colors in person. Our knowledgeable and expe-
rienced staff will objectively evaluate your needs
and make informed, honest recommendations,
whether you're totally furnishing a company
headquarters or a private office. Best of all, com-
pare our prices to the so-called discounters. We
offer 40% or more off everything, every day! We
think you'll agree that the best way to buy office
furniture is still the old-fashioned way — at
Discount Office Equipment - since 1948.
■ Smart Tip! - Did you know you can expense up
to $17,500.00 of your purchase the first year?
• Low monthly lease up to 5 years
■ Fax us your needs, for an immediate quote
■ Trade-ins accepted - any condition
D.O.E.
"From Budget to Boardroom — Since 1948"
Discount Office Equipment
1991 Coolidge (North of 11 Mile Rd.)
■
Berkley
Phone: (810) 548-6900 ■ Fax: (810) 548-6905
FOR BUDGET MINDED SHOPPERS!
Visit our Clearance Center
12701 North End (8 1/2 Mile Rd) Corner of Meyers
OAK PARK ■ 548-6904
HOLD
MARKET FACT
M
ore than two-thirds of employed Jewish
News subscribers are in professional or
managerial positions.
Job Title
Don't sign any office lease without Friedman's
negotiating expertise, financial analysis
and problem solving skills.
Top management
(president, CEO, chairman, partner, etc)
24%
Other top management positions
46%
When your office lease is our responsibility,
you are guaranteed the best possible deal.
After all, that's the bottom line.
r
840
FRIEDMAN
Source: 1993 Simmons-Jewish News Study
Realty Advisors Real Estate Consulting Services
32300 Northwestern Highway, Suite 205
Farmington Hills, Michigan 48334
(810) 737-3600 Fax (810) 737-9652
THE JEWISH NEWS
Business
Ea Telecom
Profits Rise
ECI Telecom of Israel reported
a rise in fourth quarter net prof-
its to $20.3 million from $17 mil-
lion during the same period in
1993.
The results in 1993 are before
accounting for a $9.2 million
charge for expenses relating to
a merger with Telematics Inc.
and provision for the settlement
of a stockholder lawsuit against
Telematics.
The fourth quarter 1994 re-
sults were in line with expecta-
tions. The company's shares
jumped 11 percent to 15.25 on
the NASDAQ market in New
York.
Revenues for the quarter rose
to $106.8 million from $83.2 mil-
lion, while gross margins slipped
to 52.9 percent from 55.2 per-
cent. For the full year, ECI's
profits rose to $76.7 million from
$52.7 million.
Full year revenues rose to
$384.7 million from $295.7 mil-
lion.
ECI president David Rubner
said sales of the firm's Access Net-
work rose 88 percent to $100 mil-
lion and SDH product sales went
up 53 percent to $47.5 million.
DCME (Digital Circuit Mul-
tiplication Systems) sales rose 4
percent to $128.3 million.
Israel Chemicals
Is Purchased
Control of Israel Chemicals (ICL)
was sold to interests owned by
businessman Shaul Eisenberg.
The Israel Corp. and a non-Is-
raeli company controlled by Mr.
Eisenberg will jointly buy 24.9
percent of ICL's outstanding
shares for 5230.3 million.
The Israel Corp. said the com-
pletion of the deal is contingent
on approval from Israel Supervi-
sor of Monopolies Yoram Tur-
bovich and the Knesset Finance
Committee.
Joshua Neeman, a spokesman
for Mr. Eisenberg, said Mr. Eisen-
berg "is looking to make the Is-
rael Corp. a player in the
international business arena."
Control of ICL will be handed
over to Mr. Eisenberg in March.
The Treasury said it will float an
additional 22 percent of ICL in
the United States and Europe
next month.
The issue, originally scheduled
for February but postponed,
marks the first international gov-
ernment share issue carried out
as part of the privatization
process.
The Israel Corp. will be re-
sponsible for the management of
ICL despite the government re-
taining the biggest stake, 28 per-
cent.