. 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.