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Date: Fri, 14 Nov 2008 14:13:03 +0200
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From: "Mark Cohen" <mark@angloraanana.com>
To: "Greenblatt, Saralyn" <SaralynG@wzo.org.il>

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GN ISRAEL 14 11 08
 <http://www.angloraanana.com/indexas.asp> http://www.angloraanana.com


 Quote for the Week
=93Energy is the basis of everything.  Every Jew, no matter how =
insignificant, is engaged in some decisive and immediate pursuit of a =
goal... It is the most perpetual people on  earth...=94=20

(Goethe Poet and playwright.) Certainly applies to the Israelis. See =
below


While we try to avoid giving our readers the big yawn by not quoting a =
bunch of figures even if those figures add up to a lot of money in a =
fair number of pockets,  we felt that we had to make an exception this =
week and bring you some really GN from Israel at a time when the =
developed countries are awash with the tears shed by Ministers of =
Finance, Investment bankers, and a whole raft of others  in a world that =
seems to be experiencing an economic squeeze worse than most of us can =
remember. So here it is. Some of the monetary miracles recorded this =
week. Yes, one week=92s wonders. So with a triumphant cry of; crisis =
shmisis, let=92s read on.

=20

=B7        Foreign direct investment in Israel increased sharply during =
the third quarter of 2008; the banks collected $2 billion of it, a lot =
more than the second quarter and topping Q1 by $0.37 billion. So, the =
=93crisis=94 heralded in the largest amount quarter on quarter that =
foreigners decided to place with us. There are three reasons for this. =
Confidence, confidence and confidence.

=20

=B7        Given Imaging yesterday reported that revenues jumped 12% =
year on year to $31.1 million in Q3. In the parallel quarter in 2007, =
revenues from its camera-in-a-capsule and we all know what that is had =
come to $27.7 million. Net profits rose 24% to $2.1 million.

=20

=B7        A record quarter record net profit of $26.7 million was =
announced by NICE Systems Ltd.  on the same day that it signed a $20 =
million security sector contract with an unnamed agency, the largest =
contract that the company has ever won. Gives a new meaning to the =
greeting; Have a NICE day.=20

=20

=B7        Starling Advanced Communications Ltd. has won an initial NIS =
2.5 million order from Jason Wireless (Shanghai) Communications Company =
Ltd. for the supply of antennas for emergency and rescue services.=20

=20

=B7        Reportedly investing $100 million in a Chinese company, =
Runcom Technologies Ltd. will receive sole rights, as a quid pro quo, to =
supply equipment for the setting up of a wireless communications network =
by ChinaTel in China.=20

=20

=B7        On his Web site's page on healthcare, President Elect (of the =
US that is) Obama writes: "Lower =96 the verb not the adjective - drug =
costs by allowing the importation of safe medicines from other developed =
countries and increasing the use of generic drugs in public programs.=94 =
Are you listening up Teva? GN if you=92ve got shares in the Company, =
still the largest generic drug manufacturer in the world.

=20

=B7        Delek Automotive Systems Ltd. today published its financial =
report for the third quarter of 2008. The Mazda and Ford importer posted =
a net profit of NIS 193.4 million compared to NIS 102.4 million for the =
corresponding quarter of 2007.=20

=20

=B7        Teva is the largest generic drug manufacturer in Israel but =
it=92s not the only one Taro Pharmaceutical Industries Ltd. reported =
that they estimate $90.4 million in sales in Q3, 10.2% more than the $82 =
million for the corresponding quarter of 2007. And that=92s not all. Its =
net profit is $12.5 million this quarter, 73.6% more than the =
corresponding quarter in 2007. Melt-down and all.=20

=20

=B7        Let=92s talk Venture Capital funds. $600 million was raised =
in the Q3, by 124 companies, an increase of 29% over the second quarter, =
and up 45% on the same quarter in 2007. In the first nine months of =
2008, Israeli high-tech companies garnered $1.68 billion, 34% more than =
the corresponding period in 2007. What does it all mean? It all means =
that 2008 looks to be the best year since the technology bubble in 2000, =
that=92s what!=20

=20

=B7        Alvarion Ltd. announced the expansion of its contract with =
French WiMAX operator Altitude Infrastructure SA to deploy its Mobile =
WiMAX 4Motion solution to users in the in the Alps. (In the Alps? Well =
why not?) The new contract is worth in the millions of dollars.=20

=20

=B7        Renewable power supplies are in and wave power company SDE =
Energy and Desalination Ltd. has obtained a 25-year franchise from a =
Muslim country-unnamed - in Africa to build a 100-megawatt ocean =
wave-driven power station at an investment of $100 million. The company =
expects $1 billion in revenue from the installation (and that=92s a lot =
of revenue even if it takes them a while to collect it over the =
franchise period). <http://www.sde.co.il/> =20

=20

=B7        Now for the company that never disappoints; Elbit Systems was =
awarded a contract by Embraer for the supply of avionics for their =
Brazilian AMX jet airplane upgrade project. The entire contract, =
including the subsequent production phase, is valued at approximately =
$187 million. <http://www.sde.co.il/> =20

=20

=B7        And that=92s not all; Israel Aircraft Industries have won two =
contracts from a country =96 unnamed - in the Far East for installing =
all-weather surface imaging technology on their satellites and Unmanned =
Aerial Vehicles (UAV=92s). Total value - $40m. <http://www.sde.co.il/> =20

=20

=B7        Cellcom Israel Ltd.  published its financial report for the =
third quarter of 2008. The cellular operator posted NIS 1.65 billion in =
revenue ($482 million), up 5% on the NIS 1.57 billion for the =
corresponding quarter of 2007. The Company beat the analysts' consensus =
of $439.9 million. We=92ve said it before, Israelis are great doers but =
they=92re really champion talkers. <http://www.cellcom.co.il/> =20

=20

=B7        IT integrator Magic Software Enterprises Ltd. published its =
financial report for the third quarter of 2008. Operating profit rose =
eight-fold to $1.6 million for the third quarter from $200,000 for the =
corresponding quarter in 2007with net profit more than doubling to $1.7 =
million.  <http://www.magicsoftware.com/>=20

=20

=B7        The online translator, Babylon's net profit more than tripled =
to NIS 3.7 million, from NIS 1 million in the corresponding quarter in =
2007. Revenue rose 43% to NIS 17 million from NIS 11.9 million in the =
corresponding quarter.

  <http://www.magicsoftware.com/>=20

=B7        A purchase and a sale to end with; Perrigo an Israeli =
pharmaceutical concern  announced today =96Thursday - that it has =
acquired Unico Holdings, a Florida-based operation for approximately $49 =
million in cash. The acquisition is expected to add a host of new =
products and nearly $50 million in annual sales to the Company=92s =
business. At round about the same time CA Inc. of the US announced that =
it is acquiring Raanana based Israeli identity and role management =
solutions developer Eurekify Ltd. The companies did not disclose the =
terms of the deal, but sources believe that the price tag is $30-40 =
million.=20

=20

=B7        Here=92s one to ponder. Nobody is canceling their holiday =
trip. Not to Tel Aviv at any rate and 2008 is proving to be an excellent =
year for Israel's party city, with a 34% rise in tourism compared to the =
year 2000 - Israel's record tourism year so far.=20

=20

=B7        Israeli businessman and shipping tycoon Samuel Ofer has been =
awarded an honorary KBE (Knight Commander of the Most Excellent Order of =
the British Empire) by Queen Elizabeth, in recognition of his services =
to UK maritime heritage. Ofer served in the Royal Navy during World War =
II. He and his brother, Yuli, went on to create one of the largest =
private shipping companies in the world, operating a significant part of =
its fleet from London. Why is this Knight different from all other =
Knights? Because he=92s Israeli. The first with a KBE but probably not =
the last.


 <http://www.eurekify.com/>=20

 <http://www.angloraanana.com/props/prop210.html> Stunning Penthouse on =
the West Side!

Beautiful Complex with Pool and Gym

For further information contact Rachel +972 9 7744133 or =
info@angloraanana.com=20


 <mailto:info@angloraanana.com> Have we missed any Good News? Do you =
have any comments? Please let us know.
www.angloraanana.com PLEASE VISIT OUR WEBSITE=20
WITH THE COMPLIMENTS OF ANGLO SAXON RA'ANANA


 <http://www.angloraanana.com/indexas.asp> Disclaimer of Liability
While Good News strives to report the news accurately and faithfully,we =
cannot accept responsibility for errors in, misinterpretations of, or =
omissions from the material printed in The Good News Digest above, nor =
are we responsible for the application of the information contained =
herein to your personal or business situation.=20

 <http://www.angloraanana.com/indexas.asp> =20


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style=3D"tab-interval:36.0pt;overflow:auto" vlink=3D"blue" link=3D"blue" =
lang=3D"EN-US">

<div class=3D"Section1">

<div align=3D"center">

<table style=3D"width:478.05pt;mso-cellspacing:4.5pt;border:solid =
#A50021 1.0pt;
 mso-padding-alt:0cm 0cm 0cm 0cm" width=3D"637" cellpadding=3D"0" =
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  <td style=3D"width:469.05pt;border:none;padding:4.5pt 4.5pt 4.5pt =
4.5pt" colspan=3D"2" width=3D"625">
  <p style=3D"text-align:center" align=3D"center" =
class=3D"MsoNormal"><b><span =
style=3D"color:#990000;mso-ansi-language:ES-GT" lang=3D"ES-GT">GN ISRAEL =
14 11 08<br>
  </span><span style=3D"color:#990000"><a =
href=3D"http://www.angloraanana.com/indexas.asp"><span =
style=3D"mso-ansi-language:ES-GT" =
lang=3D"ES-GT">http://www.angloraanana.com</span></a></span></b><span =
style=3D"mso-ansi-language:ES-GT" lang=3D"ES-GT"><o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D"mso-yfti-irow:1">
  <td style=3D"width:469.05pt;border:none;padding:4.5pt 4.5pt 4.5pt =
4.5pt" colspan=3D"2" width=3D"625">
  <p style=3D"mso-margin-top-alt:auto;margin-bottom:3.75pt" =
class=3D"MsoNormal"><b><span =
style=3D"color:#990000;mso-ansi-language:ES-GT" lang=3D"ES-GT"><span =
style=3D"mso-spacerun:yes">=A0</span></span><span =
style=3D"color:#990000">Quote for
  the Week</span></b><br>
  <i>=93Energy is the basis of everything.&nbsp; Every Jew, no matter =
how
  insignificant, is engaged in some decisive and immediate pursuit of a =
goal...
  It is the most perpetual people <span class=3D"GramE">on<span =
style=3D"mso-spacerun:yes">=A0 </span>earth</span>...=94 </i></p>
  <p style=3D"margin-top:3.75pt;mso-margin-bottom-alt:auto;
  text-align:justify" class=3D"MsoNormal"><span class=3D"t13">(Goethe =
Poet and playwright.) Certainly
  applies to the Israelis. See below</span></p>
  </td>
 </tr>
 <tr style=3D"mso-yfti-irow:2">
  <td style=3D"width:469.05pt;border:none;padding:4.5pt 4.5pt 4.5pt =
4.5pt" colspan=3D"2" width=3D"625">
  <p style=3D"margin-right:5.75pt;text-align:justify;tab-stops:
  454.3pt" class=3D"MsoNormal">While we try to avoid giving our readers =
the big yawn by not quoting
  a bunch of figures even if those figures add up to a lot of money in a =
fair
  number of pockets,<span style=3D"mso-spacerun:yes">=A0 </span>we felt =
that we had
  to make an exception this week and bring you some really GN from =
Israel at a
  time when the developed countries are awash with the tears shed by =
Ministers
  of Finance, Investment bankers, and a whole raft of others<span =
style=3D"mso-spacerun:yes">=A0 </span>in a world that seems to be =
experiencing an
  economic squeeze worse than most of us can remember. So here it is. =
Some of
  the monetary miracles recorded this week. Yes, one week=92s wonders. =
So with a
  triumphant cry of; crisis <span class=3D"SpellE">shmisis</span>, =
let=92s read on.</p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:18.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal">&nbsp;</p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">Foreign direct =
investment in <st1:country-region w:st=3D"on"><st1:place =
w:st=3D"on">Israel</st1:place></st1:country-region>
  increased sharply during the third quarter of 2008; the banks =
collected $2
  billion of it, a lot more than the second quarter and topping Q1 by =
$0.37 billion.
  So, the =93crisis=94 heralded in the largest amount quarter on quarter =
that
  foreigners decided to place with us. There are three reasons for this.
  Confidence, confidence and confidence.</span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">Given <span =
class=3D"GramE">Imaging</span>
  yesterday reported that revenues jumped 12% year on year to $31.1 =
million in
  Q3. In the parallel quarter in 2007, revenues from its =
camera-in-a-capsule
  and we all know what that is had come to $27.7 million. Net profits =
rose 24%
  to $2.1 million.</span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">A record quarter =
record net
  profit of $26.7 million was announced by NICE Systems Ltd.<span =
style=3D"mso-spacerun:yes">=A0 </span><span class=3D"GramE">on</span> =
the same day
  that it signed a $20 million security sector contract with an unnamed =
agency,
  the largest contract that the company has ever won. Gives a new =
meaning to
  the greeting; Have a NICE day. </span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">Starling Advanced =
Communications
  Ltd. has won an initial <st1:City w:st=3D"on">NIS</st1:City> 2.5 =
million order
  from Jason Wireless (<st1:place w:st=3D"on"><st1:City =
w:st=3D"on">Shanghai</st1:City></st1:place>)
  Communications Company Ltd. for the supply of antennas for emergency =
and
  rescue services. </span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">Reportedly investing =
$100
  million in a Chinese company, <span class=3D"SpellE">Runcom</span> =
Technologies
  Ltd. will receive sole rights, as a quid pro quo, to supply equipment =
for the
  setting up of a wireless communications network by <span =
class=3D"SpellE">ChinaTel</span>
  in <st1:place w:st=3D"on"><st1:country-region =
w:st=3D"on">China</st1:country-region></st1:place>.
  </span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">On his Web site's =
page on
  healthcare, President Elect (of the US that is) <span =
class=3D"SpellE">Obama</span>
  writes: &quot;Lower =96 the verb not the adjective - drug costs by =
allowing the
  importation of safe medicines from other developed countries and =
increasing
  the use of generic drugs in public programs.=94 Are you listening up =
<span class=3D"SpellE">Teva</span>? GN if you=92ve got shares in the =
Company, still the
  largest generic drug manufacturer in the world.</span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR"><span =
class=3D"SpellE">Delek</span>
  Automotive Systems Ltd. today published its financial report for the =
third
  quarter of 2008. The Mazda and Ford importer posted a net profit of =
<st1:City w:st=3D"on">NIS</st1:City> 193.4 million compared to =
<st1:place w:st=3D"on"><st1:City w:st=3D"on">NIS</st1:City></st1:place> =
102.4 million for the corresponding quarter
  of 2007. </span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR"><span =
class=3D"SpellE">Teva</span>
  is the largest generic drug manufacturer in Israel but it=92s not the =
only one
  Taro Pharmaceutical Industries Ltd. reported that they estimate $90.4 =
million
  in sales in Q3, 10.2% more than the $82 million for the corresponding =
quarter
  of 2007. And that=92s not all. Its net profit is $12.5 million this =
quarter,
  73.6% more than the corresponding quarter in 2007. Melt-down and all. =
</span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">Let=92s talk Venture =
Capital
  funds. $600 million was raised in the Q3, by 124 companies, an =
increase of
  29% over the second quarter, and up 45% on the same quarter in =
<st1:metricconverter w:st=3D"on" ProductID=3D"2007. In">2007. =
In</st1:metricconverter> the first nine
  months of 2008, Israeli high-tech companies garnered $1.68 billion, =
34% more
  than the corresponding period in 2007. What does it all mean? It all =
means
  that 2008 looks to be the best year since the technology bubble in =
2000,
  that=92s what! </span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR"><span =
class=3D"SpellE">Alvarion</span>
  Ltd. announced the expansion of its contract with French <span =
class=3D"SpellE">WiMAX</span>
  operator Altitude Infrastructure SA to deploy its Mobile <span =
class=3D"SpellE">WiMAX</span>
  4Motion solution to users in the in the Alps. (In the <st1:place =
w:st=3D"on">Alps</st1:place>?
  Well why not?) The new contract is worth in the millions of dollars. =
</span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">Renewable power =
supplies are in
  and wave <span class=3D"GramE">power company</span> SDE Energy and =
Desalination
  Ltd. has obtained a 25-year franchise from a Muslim country-unnamed - =
in <st1:place w:st=3D"on">Africa</st1:place> to build a 100-megawatt =
ocean wave-driven power
  station at an investment of $100 million. The company expects $1 =
billion in
  revenue from the installation (and that=92s a lot of revenue even if =
it takes
  them a while to collect it over the franchise period)</span><span =
style=3D"font-size:10.0pt">.</span><a target=3D"new" =
href=3D"http://www.sde.co.il/"></a>
  </p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">Now for the company =
that never
  disappoints; <span class=3D"SpellE">Elbit</span> Systems was awarded a =
contract
  by <span class=3D"SpellE">Embraer</span> for the supply of avionics =
for their
  Brazilian AMX jet airplane upgrade project. The entire contract, =
including
  the subsequent production phase, is valued at approximately $187 =
million.<a target=3D"new" href=3D"http://www.sde.co.il/"></a> =
</span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">And that=92s not all; =
Israel
  Aircraft Industries have won two contracts from a country =96 unnamed =
- in the <st1:place w:st=3D"on">Far East</st1:place> for installing =
all-weather surface imaging
  technology on their satellites and Unmanned Aerial Vehicles (<span =
class=3D"SpellE">UAV=92s</span>). Total value - $40m.<a target=3D"new" =
href=3D"http://www.sde.co.il/"></a> </span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR"><span =
class=3D"SpellE">Cellcom</span>
  Israel Ltd.<span style=3D"mso-spacerun:yes">=A0 </span><span =
class=3D"GramE">published</span>
  its financial report for the third quarter of 2008. The cellular =
operator
  posted <st1:City w:st=3D"on">NIS</st1:City> 1.65 billion in revenue =
($482
  million), up 5% on the <st1:City w:st=3D"on"><st1:place =
w:st=3D"on">NIS</st1:place></st1:City>
  1.57 billion for the corresponding quarter of 2007. The Company beat =
the
  analysts' consensus of $439.9 million. We=92ve said it before, =
Israelis are
  great doers but they=92re really champion talkers.<a target=3D"new" =
href=3D"http://www.cellcom.co.il/"></a> </span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">IT integrator Magic =
Software
  Enterprises Ltd. published its financial report for the third quarter =
of
  2008. Operating profit rose eight-fold to $1.6 million for the third =
quarter
  from $200,000 for the corresponding quarter in 2007with net profit =
more than
  doubling to $1.7 million. <a target=3D"new" =
href=3D"http://www.magicsoftware.com/"></a></span></p>
  <p style=3D"margin-right:5.75pt;text-align:justify;tab-stops:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">The online =
translator, Babylon's
  net profit more than tripled to NIS 3.7 million, from NIS 1 million in =
the
  corresponding quarter in 2007. Revenue rose 43% to <st1:City =
w:st=3D"on">NIS</st1:City>
  17 million from <st1:City w:st=3D"on"><st1:place =
w:st=3D"on">NIS</st1:place></st1:City>
  11.9 million in the corresponding quarter.</span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><span =
style=3D"mso-spacerun:yes">=A0</span><a target=3D"new" =
href=3D"http://www.magicsoftware.com/"></a></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">A purchase and a sale =
to end
  with; <span class=3D"SpellE">Perrigo</span> an Israeli pharmaceutical
  concern<span style=3D"mso-spacerun:yes">=A0 </span>announced today =
=96Thursday -
  that it has acquired <span class=3D"SpellE">Unico</span> Holdings, a
  Florida-based operation for approximately $49 million in cash. The
  acquisition is expected to add a host of new products and nearly $50 =
million
  in annual sales to the Company=92s business. At round about the same =
time CA
  Inc. of the <st1:country-region w:st=3D"on"><st1:place =
w:st=3D"on">US</st1:place></st1:country-region>
  announced that it is acquiring <span class=3D"SpellE">Raanana</span> =
based
  Israeli identity and role management solutions developer <span =
class=3D"SpellE">Eurekify</span>
  Ltd. The companies did not disclose the terms of the deal, but sources
  believe that the price tag is $30-40 million. </span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">Here=92s one to =
ponder. Nobody is
  canceling their holiday trip. Not to Tel Aviv at any rate and 2008 is =
proving
  to be an excellent year for <st1:country-region =
w:st=3D"on">Israel</st1:country-region>'s
  party city, with a 34% rise in tourism compared to the year 2000 - =
<st1:place w:st=3D"on"><st1:country-region =
w:st=3D"on">Israel</st1:country-region></st1:place>'s
  record tourism year so far. </span></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:36.0pt;margin-bottom:.0001pt;text-align:justify;tab-stops=
:
  454.3pt" class=3D"MsoNormal"><o:p>&nbsp;</o:p></p>
  <p style=3D"margin-top:0cm;margin-right:5.75pt;margin-bottom:
  =
0cm;margin-left:54.0pt;margin-bottom:.0001pt;text-align:justify;text-inde=
nt:
  -18.0pt;mso-list:l0 level1 lfo2;tab-stops:list 54.0pt left 454.3pt" =
class=3D"MsoNormal"><![if !supportLists]><span =
style=3D"font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-=
family:
  Symbol"><span style=3D"mso-list:Ignore">=B7<span style=3D"font:7.0pt =
"Times New Roman"">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </span></span></span><![endif]><span dir=3D"LTR">Israeli businessman =
and shipping
  tycoon Samuel <span class=3D"SpellE">Ofer</span> has been awarded an =
honorary KBE
  (Knight Commander of the Most Excellent Order of the British Empire) =
by Queen
  Elizabeth, in recognition of his services to <st1:place =
w:st=3D"on"><st1:country-region =
w:st=3D"on">UK</st1:country-region></st1:place> maritime =
heritage.&nbsp;<span class=3D"SpellE">Ofer</span> served in the Royal =
Navy during World War II. He and
  his brother, <span class=3D"SpellE">Yuli</span>, went on to create one =
of the
  largest private shipping companies in the world, operating a =
significant part
  of its fleet from <st1:City w:st=3D"on"><st1:place =
w:st=3D"on">London</st1:place></st1:City>.
  Why is this Knight different from all other Knights? Because he=92s =
Israeli.
  The first with a KBE but probably not the last.</span></p>
  </td>
 </tr>
 <tr style=3D"mso-yfti-irow:3">
  <td style=3D"border:none;padding:4.5pt 4.5pt 4.5pt 4.5pt">
  <p style=3D"text-align:center" align=3D"center" class=3D"MsoNormal"><a =
colspan=3D"2" target=3D"new" href=3D"http://www.eurekify.com/"><span =
style=3D"color:windowtext;
  text-decoration:none;text-underline:none"><span =
style=3D"mso-field-code:"HYPERLINK =
\0022http\:\/\/www\.angloraanana\.com\/props\/prop210\.html\0022""><span =
style=3D"color:blue"><img align=3D"absmiddle" =
src=3D"http://www.angloraanana.com/images/21001.jpg" id=3D"_x0000_i1025" =
height=3D"112" width=3D"150" border=3D"0"></span></span></span></a></p>
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  4.5pt 4.5pt 4.5pt 4.5pt" width=3D"457">
  <p class=3D"MsoNormal"><b><span style=3D"color:#990000"><a =
href=3D"http://www.angloraanana.com/props/prop210.html"><span =
style=3D"color:
  #990000;text-decoration:none;text-underline:none">Stunning Penthouse =
on the
  West Side!<br>
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  text-underline:none"><br>
  Beautiful Complex with Pool and Gym<br>
  <br>
  For further information contact </span><strong><span =
style=3D"color:windowtext;
  text-decoration:none;text-underline:none">Rachel</span></strong><span =
style=3D"color:windowtext;font-weight:normal;text-decoration:none;text-un=
derline:
  none"> +972 9 7744133 or <span style=3D"mso-field-code:"HYPERLINK =
\0022mailto\:info\@angloraanana\.com\0022""><u><span =
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