Business

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manufacturers design, develop and
manufacture cars, a growing number
of Israeli companies are entering the
marketplace.
Companies like Tecnomatix, a sup-
plier of automobile-manufacturing
software, Baran, the developer of the
"Red Alert" automatic braking system,
and Azimut Technologies, a maker of
global positioning systems that allow
companies to electronically track their
automotive fleets, are selling to big-
name car companies worldwide.
While Israeli companies are exporting
components and development tools to
companies such as Mercedes-Benz,
General Motors, Ford, Chrysler,
Peugeot-Citroen, Honda and Mazda,
foreign automotive companies are also
realizing Israel's local potential.
GM recently announced plans to
send a delegation of engineers to visit
defense manufacturer Elbit in order to
research ways of incorporating military
technology into GM cars and trucks.
And last year Volkswagen invested
more than $1 billion in establishing
the Dead Sea Works magnesium cast-
ing plant and research and develop-
ment institute.

Firm Buys
Into VocalTec

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Jerusalem (JPFS) — Germany's
telecommunications giant Deutsche
Telekom announced that it purchased
a 21.1 percent stake in VocalTec
Communications Ltd. for $48.3 mil-
lion.
Based in Herzliya, VocalTec
Communications' software enables
the transmission of audio, video, data
and text over the Internet.
Deutsche Telekom, Europe's largest
telecommunications provider, ranks
third among the world's telecom
providers, behind Nippon Telephone
and Telegraph and AT&T
Deutsche Telekom purchased 2.3
million VocalTec shares for $21 per
share and signed a memorandum of
understanding to purchase more than
$30 million of VocalTec products, ser-
vices and support through 1999, mak-
ing this the most significant
announcement to date for the Internet
telephony market.
By expanding into the field of
Internet telephony, telecommunica-
tions companies will be able to supply
customers with a host of new services,
said VocalTec CEO Elon Ganor.
The companies are currently work-
ing on a pilot to give 1,000 of
Deutsche Telekom's customers the
ability to communicate via the
Internet using a conventional or
mobile phone.
The company, the largest Internet
provider in Europe, leads in the
mobile radio service sector and has a
cable television network connected to
almost 17 million homes.

Approval Won
For New Drug

Jerusalem (JPFS) — Teva
Pharmaceutical Industries Ltd. has
received U.S. Food and Drug
Administration approval for
Clomipramine Hydrochloride, a
generic version of Novartis's Anafranil
drug, a treatment for obsessive-com-
pulsive disorders.
Teva will manufacture and market
the treatment in 25mg., 50mg. and
75mg. capsules. U.S. sales of Anafranil
total approximately $50 million annu-
ally.

Auto-Related
Sales To Soar

Sy

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9/19
1997

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Jerusalem (JPFS) — Israeli companies
sold $300 million in automotive com-
ponents in 1996, a figure that is
expected to grow about 20 percent
annually and top $500 million by the
year 2000, Asher Amado,. director of
the Israel Export Institute's metal and
machinery department, said.
Israel Aircraft Industries is a partner
in HIT, a company that develops
collision avoidance systems for cars,
and Automotive Industries specializes
in designing and assembling military
and other sophisticated metal fabrica-
tions.
As more and more high-tech devel-
opments drive the way automobile

Siemens Buys
Floware Stake

Jerusalem (JPFS) — The public com-
munications division of Siemens AG,
the Munich-based electronics giant,
announced that it purchased a 10 per-
cent stake in Floware System Solutions
Ltd.
The price was not disclosed, but
sources close to the deal said it was
less than $10 million.
Floware, a privately held telecom-
munications startup founded last year,
will provide Siemens, Germany's

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