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Technology Stocks : Netro Corp - (NTRO)

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To: bodie who wrote (667)3/13/2000 1:33:00 AM
From: Brasco One  Read Replies (1) of 792
 
bodie baby, israeli vc sold netro...maybe you should too!!

Sunday March 12, 4:43 am Eastern Time
Mofet sees pretax $48.3 mln gain from Netro shares
JERUSALEM, March 12 (Reuters) - Israeli venture capital fund Mofet sold its entire holding in Netro Corp (NasdaqNM:NTRO - news) and expects a $48.3 million capital gain before taxes, Mofet said in a statement on Sunday.

The gain will be included in Mofet's first quarter results, the statement said. Mofet purchased the shares in Netro in 1995 for $633,000.

Netro makes equipment for high-speed wireless telecommunications access.

Mofet stocks surged 15 percent to 6.50 shekels early on
Sunday.
($1 = 3.97)

great luck to you,

brasco
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