100%

Scanned image of the page. Keyboard directions: use + to zoom in, - to zoom out, arrow keys to pan inside the viewer.

Page Options

Share

Something wrong?

Something wrong with this page? Report problem.

Rights / Permissions

The University of Michigan Library provides access to these materials for educational and research purposes. These materials may be under copyright. If you decide to use any of these materials, you are responsible for making your own legal assessment and securing any necessary permission. If you have questions about the collection, please contact the Bentley Historical Library at bentley.ref@umich.edu

June 30, 1995 - Image 35

Resource type:
Text
Publication:
The Detroit Jewish News, 1995-06-30

Disclaimer: Computer generated plain text may have errors. Read more about this.

later, the ILA reversed its deci-
sion in reaction to contractors'
strong objections. According to
the winning contractor's bid. the
price of a four-room apartment
in Rishon Lezion will reach
$220,000.
Amos Bar-Am, director-gen-
eral of the Association of Con-
tractors and Builders, said "the
bids ILA received in Rishon
Lezion reflect market prices. The
authority cannot receive a high
price for land and demand con-
tractors to reduce prices. The con-
tractors will not pay record high
prices for land on which they are
expected to build apartments, at
loss-making prices."
The sale of 13 of the 90 cot-
tages available for sale in the Lev
Hasharon Hayarok development
adjacent to Kadima's Build Your
Own Home neighborhood was re-
cently reported. The 550-square-
foot cottages now under
construction each have gardens

of 390-1040 square feet. Prices
range from $218,000 to $290,000.
Denishra International, de-
velopers of the Matan Hayeruka
neighborhood near Kfar Saba,
sold 10 cottages in May. The com-
pany is offering 420-square-foot
cottages for $190,000, 440-
square-foot cottages for $208,000,
and 560-square-foot cottages for
$285,000.
Housing and Development has
started to sell Stage II of the Top
Jerusalem development in Ra-
mat Sharet in Jerusalem. The de-
velopment is situated on over 10
acres, on which 106 apartments
in eight buildings, each three sto-
nes, will be constructed.
The price of a four-room, 416-
square-foot apartment starts at
$288,000 while a four-room, 500-
square-foot apartment is avail-
able for $394,000. The price of
six-room, 700-square-foot pent-
house apartments is $546,000. ❑

Shares Surge
After Merger

Jerusalem — Shares in local area
networking company Lannet
surged 21.3 percent to 23.5 in
New York trading last week af-
ter it announced plans to merge
with Madge, a Dutch-registered
company based in the United
Kingdom and listed in the Unit-
ed States.
The combined group will cre-
ate a $1.1 billion company, the
fifth-largest networking group in
the world.
The companies announced
they have signed a letter of in-
tent for an arrangement where-
by Madge will acquire all of
Lannet's shares.
According to the agreement,
Lannet shares will be exchanged
for new Madge shares at a pur-
chase price of $27.50 per Lannet
share, or about a total of $300
million.
Madge and Lannet are both
engaged in supply of communi-

cations and data equipment.
Madge is a leading supplier of
Token Ring networking technol-
ogy and products, while Lannet
is a leading innovator and
provider of Ethernet-switched
networking solutions.
The company's products are
expected to complement each
other.
Lannet is considered one of the
local high-tech industry's flag-
ship firms.
After the merger, the compa-
ny will maintain its existing key
facilities and continue operations
here as a division of Madge.
The company will operate un-
der the general management of
Shmuel Levy, currently vice pres-
ident of research and develop-
ment at Lannet.
Lannet reported sales of $21.9
million in the first quarter with
a net profit of $2.43 million.

Egypt, Israel Join
In Oil Refinery

Jerusalem — The European In-
vestment Bank (EIB) approved
a $300 million credit for a pro-
jected $1 billion Egyptian-Israeli
oil refinery project near Alexan-
dria, according to Nimrod Novik,
a businessman involved in the
project.
The project, expected to be
completed by the end of the
decade, would be the largest

Arab-Israel joint venture under
way.
According to Mr. Novik, a for-
mer top aide to Foreign Minister
Shimon Peres, the credit was the
highest given to the EIB outside
of the European Union. He said
the oil refinery will serve the
needs of Egypt, Israel and the
Palestinians.

Test drive cellular
for 30
days.

Introducing the Straight
Talk Service Plan, pay
only for the minutes you
use.

$19.95

per month

During our "Summer Free For All iTonimor - , sign up for any
! you don't love your
eligible 3-year service plan and within 1'4

new Ameritech cellular service, you car trupi \ alk away.

There's no risk. No Hassle.

No matter which plan you chocse, Ameritech's
Customer Care team is available 24 hours a day. So you
can get answers to your questions on your schedule.

FREE!

♦ Activation ($35 Value)
♦ 100 Minutes of Air Time
♦ Detail Billing or Voice Mail

Contract, taxes, tolls, fees and restrictions apply. Offer good through August 31, 1995
while supply lasts.

MIDWEST AUTOTEL SERVICES

3160 Haggerty Road. Suite M
West Bloomfield

(810) 960-3737

Cellular and Paging Dealer

Your Home
or Office

By
Appointment

custom
shirts bv
maribira

Custom Shirts & Accessories
At Discouted Prices

TAKE YOUR BUSINESS TO A NEW LEVEL ...
YOUR OPTIONS HAVE NEVER BEEN BETTER!

Microsoft Backoffice • Wmdows NT
Wmdows '95 • Novell

Hit the ground running — Attend our FREE Networking Seminar
Upcoming dates include: July 7, 1995 & July 26, 1995

Topics include: Understanding your options, Planning your next
computer investment wisely, "How-to" information, etc. Details on FREE

Windows NT
30 day trial

Compare features - Microsoft Backoffice,
Wmdows NT, Wmdows '95 and Novell

Men's Fashion
Coordinator &
Shirt Designer
For 20 Years

Two Sessions: Morning (8:30 to 12:00) or Afternoon (1:00 to 430)

iff-1215

RSVP to: Mile Fitzpatrick at (810) 547-5540

BOOKS

Bought and Sold

LIBRARY BOOKSTORE

545-4300

Open 7 Days

Book, Bought
In Your Home

M. Sempliner

Learn from experienced network specialists and integrators

• DOING BUSINESS SINCE 1981
• NETWORK DESIGN & IMPLEMENT

• OVER 2000 CLIENTS

• NOVELL AUTHORIZED RESELLER

• MICROSOFT CERTIFIED

• MICROSOFT SOLUTION PROVIDER

• IN-DEPTH TECHNICAL SUPPORT

• EQUIPMENT SALES
• DISASTER RECOVERY

• SOFTWARE SALES & SUPPORT
• OFFICE AUTOMATION-INTERNET

• CONSULTING/DA1A MODELING

Center For Computer Resources

CCR • Berkley, MI

(810) 547-5540

Microsoft®

SOLUTION PROVIDER

Back to Top

© 2020 Regents of the University of Michigan