•
12 MONTH
CERTIFICATE
5.25 ,
5.35 ,,
Sapiens Deals
With Egyptians
Jerusalem (JPFS) - Sapiens In-
ternational has signed a distrib-
ution agreement with the
Egyptian firm Marhat.
Heliopolis-based Marhat is one
of Egypt's leading systems solu-
tions and support providers, and
specializes in large organizations.
Its major clients include finan-
cial institutions, industrial com-
panies, oil and construction firms.
Marhat will also distribute Sapi-
ens products in Kuwait, Saudi
Arabia and the Emirates.
INTEREST RATE
A.P.Y./*
The Rehovot-based Sapiens
is traded on NASDAQ. The com-
pany provides rapid application
development solutions for en-
terprise-wide mainframe, work
station and desktop environ-
ments.
The company's products are
used by corporations such as
IBM, Bendix, Binney and
Smith, Canadian Imperial Bank
of Commerce, AT&T, Panason-
ic UK, Rank Xerox and others.
Taiwanese
Go Israeli
Jerusalem (JPFS) - Taiwanese
computer concern Lite On an-
nounced it is considering estab-
lishing a production line in Israel.
The announcement was made af-
ter a meeting between Lite On
international division president
Dr. Sing Mao and Industry and
Trade Ministry director-general
Yossi Snir.
Sing Mao's visit was initiated
by Dr. Felix Zandman, president
of Vishay, the firm which would
establish a partnership with Lite
On.
Lite On, which has an annual
turnover of $1.3 billion, is a man-
ufacturer of computer compo-
nents and peripherals. The
concern has 27 production lines
in eight countries.
Etz Lavud has embarked on a
cooperative business venture
with Perstorp, one of the world's
largest Formica manufacturers.
Perstorp will market a minimum
of $5 million of Etz Lavud Formi-
ca annually to England and Scot-
land for four years. Etz Lavud's
total annual exports were $10
million last year.
Exchange March 1 March 8 Change
1.53
SCIXF
Scitex
NASDAQ
5
16.03
5
14.50
ECILF
ECI Telecom
NASDAQ
5
25.13
5
21.38
TEVIY
Teva Pharm
NASDAQ
5
43.00
5
41.25
5
I EC
PEC Israel
NYSE
5
21.50
5
20.75
-50.75
ELBTF
Elbtt Computers NASDAQ
5
15.88
5
15.88
$0.00
ELT
Elscint LTD
2.38
$0.00
ELRNF
Elron Electronics NASDAQ
TAD
Tadi ran
CMVT
Comverse
ISL
First Israel Fund NYSE
NYSE
5.75'
87 ,0
INTEREST RATE
•
A.P.Y./*
These are fixed rate certificates of deposit that are insured by Federal Deposit
Insurance Corporation (FDIC). A minimum opening deposit and balance of $500.00
is required to obtain the stated Annual Percentage Yield.
tjagstirr Bank
4400c******
**
CALL (810)338-7700 or (810)352-7700
EQUAL HOUSING
OPPORTUNITY
4,
4
*
Main Office 2600 Telegraph Rd. Bloomfield hills, Mi 48302
Federally
Insured*,
-
*
aSt tes
*Annual percentage yield when compounded quarterly. Rate is accurate as of 3/15/96. Penalty for early withdrawal from certificate accounts may be assessed.
,,,lta • ilia4
LEADING ISRAELI STOCKS
TRADED ON U.S. EXCHANGES
Symbol Name
60 MONTH
CERTIFICATE
5
2.38
5
5
1.75
12.00
5
12.00
'0.00
NYSE
'24.75
5
24.25
-$0.50
NASDAQ
5
24.50
5
18.00
5
`12.63
$12.25
BUY
RSHIRTS
Source: Allen. Olender, Prudential Securities,
West Bloomfield.
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