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March 15, 1996 - Image 51

Resource type:
Text
Publication:
The Detroit Jewish News, 1996-03-15

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



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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