Counterfeit Goods
Flow Into Israel
Jerusalem (JPFS) — An Indus-
try and Trade Ministry subcom-
mittee will meet to discuss ways
to curb the production of coun-
terfeit goods in the Palestinian
autonomous regions and the
smuggling of these goods into Is-
rael, a ministry official said.
At a recent meeting, Deputy
Trade and Industry Minister
Masha Lubelsky and Maj. Gen.
Oren Shachor discussed the pro-
duction of counterfeit goods in
the territories.
Mr. Lubelsky showed Maj.
Gen. Shachor a variety of the
most popular counterfeit goods
that are produced behind the
Green Line and sold in Israel.
Among the goods discussed
were Levi's jeans, compact discs
and cassette tapes. Counterfeit
CDs and tapes comprise 25 per-
cent of all CDs and tapes sold in
Israel.
Following the Palestinian Au-
thority's elections next month,
the subcommittee will begin dis- -
cussing how Palestinian facto-
ries acquire information for the
production of counterfeit goods
and the way in which they smug-
gle these goods into Israel.
Vocaltec Files
With The SEC
Jerusalem (JPFS) — Vocaltec
announced it has filed for regis-
tration with the U.S. Securities
and Exchange Commission.
Underwriting the proposed
initial public offering is a group
led by Hambrecht and Quist
(which specialize in the high-
tech market) together with
Lehman Brothers and Robert-
son, Stephens and Co.
The IPO is comprised of 2.5
million ordinary shares, valued
at between $16 to $18 per share.
Of that total, 1.75 million
shares will be offered by Vocal-
tec and 750,000 will be offered
by selling shareholders.
The company said net pro-
ceeds will be used for general
corporate purposes, including
working capital and expendi-
tures.
Vocaltec is a five-year-old
company which utilizes a unique
technology to enable voice and
audio communications over the
Internet.
Internet Phone, the compa-
ny's core product — which was
first released 11 months ago —
enables two users connected via
Internet to conduct conversa-
tions using their personal com-
puters.
The company's marketing
methods were also unique, as In-
ternet Phone software was pur-
chased and downloaded directly
to on-line consumers.
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