INN
For the Second
RS\ Year in a Row..
Generali Deal On
Holocaust Fund
Jerusalem (JPFS) — Italian in-
surance company Assicurazioni
Generali has agreed to establish
a $12 million fund for the fam-
ilies of policyholders killed in the
Holocaust and for other related
uses.
The company's legal repre-
sentative in Israel, Amihud Ben-
Porat, signed an agreement with
MKs Avraham Ravitz, Avraham
Herschson and Michael Kleiner
to set up the fund for the next
12 years, alongside a center for
those wanting information
about policies.
Internet Site Uses
Yellow Pages
Jerusalem (JPFS) — Any In-
ternet user will be able to make
simultaneous contact with a
large number of companies and
organizations listed in a single
professional category of the Is-
raeli Yellow Pages, merely by
clicking a single key.
Dapei Zahav says the service
is available free via its site,
www.yellowpages.co.il . The Yel-
low Pages contains over 80,000
fax numbers in the business sec-
tor.
Koor Postpones
Bond Issue
Jerusalem (JPFS) — Koor In-
dustries has indefinitely post-
poned plans to raise $300
million in a U.S. bond offering,
the company announced. The
holding company originally
planned to issue the bonds at
the beginning of July.
Koor attributed the decision
to recent changes in monetary
policy and fears that a bond of-
fering would hurt the company
the shekel continue to de-
preciate.
Because the company's bal-
ance sheets are recorded in
shekels, any depreciation of the
shekel would damage the corn-
pany's ability to pay dollar-based
interest rates on the bonds.
The company is currently.
looking to raise money to re-
structure Makhteshim and to
expand its core businesses.
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NKE CADILLAC
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Samsung Plans
R & D Center
Jerusalem (JPFS) — Samsung
Electronics Co., the Korean con-
sumer and industrial electron-
ics giant, expects to open an
Israel research development
center within the year, Jong Goo
Li, the company's Israel-based
representative, said.
The announcement was made
during a ceremony to celebrate
the opening of the company's
Herzliya Pituah-based office.
The company does not yet
know the size of the investment
it will make in the R&D center,
which will be located either near
the Technion or in Herzliya
Pituah, Mr. Goo Li said.
Researchers will focus on de-
veloping telecommunications
technologies, semiconductor and
software, he said.
The company is currently ex-
ploring prospects for joint ven-
tures with 14 companies,
including Tetrad, Rad, Tadiran
Communications, Chip Express
and many start-up firms.
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SMARTLEASE
Month 74
K ILEASE °04"9wn PLUS ' 11
tOne Single PaYilleill
SMA
23
1997 Sedan
DeVille
672
additional
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Incentive for
current Cadillac
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Leather
seats, chrome
wheels, leather interior.
23
Month
SMARMEASE
1900 down
SMARTLEASE
PLUS
$ 12 1
One Single PaYmentx .
•
982
1997 Catera
Stk# 1 6476 I
Leather seats,
LEADING ISRAELI STOCKS
TRADED ON U.S. EXCHANGES
Symbol Name
Exchange
SCIXF
Scitex
NASDAQ
9.00
8.97
ECILF
ECI Telecom
NASDAQ
'30.00
'28.75
TEVIY
Teva Pharm
NASDAQ
'67.31
'64.75
I EC
PEC Israel
NYSE
'24.63
'24.00
ELBTF
Elbit Computers
NASDAQ
3.75
3.50
ELT
Elscint LTD
NYSE
8.33
8.44
ELRNF
Elron Electronics NASDAQ
'14.50
'13.63
TAD
Tadiran
NYSE
'29.33
'28.50
CMVT
Co mverse
NASDAQ
'44.63
'49.75
'5.12
ISL
First Israel Fund NYSE
'14.63
'14.50
-50.13
June 20 June 27
memory seats,
theft deterrent system
& chrome wheels.
Change
1900 down_
344
-51 .25
smARREAsE
PLUS
°lie Single Pa rnent
$91378
..
-
GMAC Smartlease 24 months (or 23 months), 1st pymt., ref. sec. dep. equal to 1st pymt. rounded to nearest 525 increment, new plates or transfer fee, administration fee
due on delivery. State & Lux. tax additional. Mileage limitation of 24,000 miles. 15c/mile excess charge over limitation. Lessee has option to purchase at lease end for pre de-
termined price. To get total pymt., multiply pymt. by no. of months.
"Based on GMAC SMARTLEASE 24 month (or 23 months) one single up-front payment plus 5500 ref. sec. dep., plus plates, or transfer due on
delivery, sales tax plus luxury tax additional. Administration fee due on delivery. Mile limitation is 12,000 miles per year, 15c per mile
excess charge over limitation. Lessee has option to purchase at lease end.
'0.11
R I NKS CADILLAC
ADILLAC
Gr e f w l t
1-696 AT VAN DYKE
758-1800
If traveling west on 1 6%, exit Hoover, follow Service Drive to RINKE.
If traveling east on 1-696, exit Van Dyke; take to second bridge past Van Dyke over expressway to RINKE.
-
Source: Allen Olender, Prudential Securities,
West Bloomfield.
_ a z ii , i ,,c) it 9 r i s 7
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