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March 22, 1996 - Image 67

Resource type:
Text
Publication:
The Detroit Jewish News, 1996-03-22

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

TAKE THE RIGHT STEPS WITH OUR IRAs.,.

36 Month

18 Mows:tilt

ing point for his relationship
with the region.
So, is this young, successful
insurance man with the world
laid out before him satisfied?
Not really.
If Mr. Speight had his
dithers, he would come back to
life as either Bruce Springsteen
or Bryan Adams.
"I'm really just a frustrated
rock star," he said. ❑

Government
Imports Workers

Jerusalem (JPFS) — The man-
ufacturing sector called on the
Israeli government to import an-
other 5,000 foreign workers.
In the meantime, the govern-
ment decided to permit 3,500 for-
eign workers to work in the
agriculture sector and another
13,000 in the construction sector.
Manufacturers Association
President Dan Propper said
there is a shortage of 3,500 work-
ers in the manufacturing sector,
in addition to 1,700 Arab work-
ers who temporarily cannot en-
ter the country because of the
border closure.
Since the Gulf War, the man-
ufacturing sector has reduced its
dependence on Palestinian
workers by 1,700 from 22,500,
Mr. Propper said.

Chyron To Buy
Into RT Set

Jerusalem (JPFS) — U.S.-based
video graphic display leader Chy-
ron Corporation will purchase 19
percent of RT-Set, a subsidiary of
Israel's BVR Technologies, in re-
turn for 3 percent of Chyron com-
mon stock. Chyron will also have
call option rights to increase its
holdings in RT-Set to 51 percent.
The value of the exchange is an
estimated $7.5 million.
A new class of convertible pre-
ferred share was created for the
deal. Should the enterprise fail,
Chyron may buy back 40 percent
of its stock from RT-Set. Should
RT-Set go public, the shares will
be converted to common stock.
Chyron will assist in market-
ing, sales and distribution of RT-
Set's virtual studio systems and
proprietary hardware. The Israeli
company specializes in computer
generated TV-show sets, in which
actors appear to move freely in
front of and between objects.
RT-Set chairman Aviv Tzidon
said Chyron was the "optimal
choice for a strategic partnership."
He added the agreement was very
important with the approach of
the annual National Broadcast-
ers Association convention in
April, in Las Vegas. "It places RT-
Set together with Chyron at the
forefront of virtual studio tech-
nology and service."

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