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ing course. If someone,is involved in a
marine project, he learns to sail.
All in the interest of science, of
course.
What's more, Yoeli does not believe
in overtime. "At 5 p.m. everyone goes
home," he says. "Everyone here puts
out maximum effort. After a working
day, you need to relax so tomorrow
you can come back refreshed. We set
our standards high."
New projects are already on the
drawing board. AD&D is participat-
ing in a feasibility study of a new aeri-
al application aircraft it hopes to
design and build. It has approached
the Office of the Chief Scientist for
funding.
In the future, Yoeli says, AD&D
plans to begin developing some
of its creations, turning prototypes
into products to sell to the public. -
If so, he plans to create subsidiaries
or sell production to another
company and make royalties from
the sales.
Whether these plans materialize or
not, Yoeli feels he has already achieved
some of whaehe set out to do. "I
wanted to create," he says. "I wanted
to be able to say to my grandchildren
that I did this and created that. I
already have quite a good feeling that
we did a few revolutionary things. I
want to continue to excel, to be on
the cutting edge. It's fun."

— Jerusalem Post 1997

Timetable Set
For Leumi Sale

Jerusalem (JPFS) — The government
will sell its controlling interests in
Bank Leumi and Israel Discount
Bank to private investors before the
end of 1999, Finance Minister
Yaakov Neeman decided at a meeting
with senior ministry officials and
executives from MI Holdings.
Controlling shares in Bank Leumi
will be sold first followed immediate-
ly by the flotation of shares in
Discount. The remaining government
shares in these banks and those in
Bank Hapoalim, United Mizrahi
Bank and Union Bank of Israel will
be floated on stock exchanges in
Israel and abroad.
Various methods of privatization
were considered during the meeting,
but it was concluded that the above
program would be the most cost-
effective and competitive while being
relatively secure.

Patent Law
May Mean Losses

Jerusqalem (JPFS) — The European
and American pharmaceutical industries
threatened to cut their local investments
if Israel revises the current Patent Law.
A draft of the revised law passed its
first reading in the Knesset in October.
The law currently bars Israeli compa-
nies from conducting research on drugs
whose patents have not yet expired, giv-
ing U.S. and European companies,
which are not subject to such a law, a
head start in developing generic drugs.
European and U.S. pharmaceutical
agencies have appealed to Attorney-
General Elyakim Rubinstein to review
the proposed draft, saying that the
Knesset is "under the pressure of Teva"
Pharmaceutical Industries.
Teva, Israel's largest drug maker and
a worldwide leader in the generic drug
market, has been trying to change the
patent law since it was passed in 1994.
The company previously said it is con-
sidering moving part of its research and
development operations overseas in
order to bypass the Patent Law.

4

Elbit Signs With
Daimler-Benz

Jerusalem (JPFS) — Elbit Systems
Ltd. has signed a $38 million contract
with Daimler-Benz Aerospace AG,
Munich [DASA] for the supply of
computer display terminals and avion-
ics equipment to upgrade of the
Greek Air Force's fleet of F-4s, defense
sources said.
They said the contract would extend
over the next three years.
The company president, Joseph
Ackerman called the deal with DASA a
breakthrough for his Haifa-based corn-
pany. "It paves the way for the establish-
ment of cooperation with the chief
industry in Germany," he said.
Ackerman said the contract fits in
other work by Elbit for Western
European countries and other NATO
members.

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Publicity Deadlines

The normal deadline for local news
and publicity items is noon
Thursday, eight days prior to issue
date. The deadline for out-of-town
obituaries is 10 a.m. Tuesday, three
days prior to issue date.

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