Get a hold of this guy Afrayem. Says he likes TTRE. Must have cheap warrants? Guess he has not read this thread which is full of factual information.
Land of milk and money
New fund focuses on Israeli tech stocks
By Susan Lerner, CBS.MarketWatch.com
Last Update: 1:17 PM ET Mar 2, 2001
NEW YORK (CBS.MW) - The Amidex Israel Technology Fund is a new kid on the block.
Launched in mid-February, manager Boaz Rahav is hoping to find the same success he had with the firm's sister Amidex 35 Fund (AMDEX: news, msgs, alerts) -- the fifth best performing international fund in 2000, according to Morningstar.
The new tech fund invests in "next-tier" Israeli companies and technology stocks. The average market capitalization of stocks held in the fund is $250 million.
Investors will be able track Amidex Israel Technology's performance under ticker symbol AMITX beginning Monday.
While many investors might hesitate to invest in a sector and country experiencing uncertainty, Rahav sees an opportunity.
" . . .even though these are Israeli companies, they have very little to do with the situation in Israel because they are not consumer goods or retail companies, so they need to generate business outside of the country."
Rahav's first stock pick is M-Systems (FLSH: news, msgs, alerts) , a leader in creating flash memory cards. "The country is moving more and more to mobile and wireless and we need flash memory to do this," he said. The stock fell 19 cents to $8.03 on Thursday.
Another favorite is Ulticom (ULCM: news, msgs, alerts) . Share value has been cut in half over the past month but the company has great market potential in communication equipment, Rahav said. Ulticom is a spin-off of Comverse Technology (CMVT: news, msgs, alerts) , and now counts Comverse and many of its customers as its own. Shares dropped $2.38 to $22.25.
Lastly, Rahav likes TTR Technologies (TTRE: news, msgs, alerts) , which develops technology that prevents copying and stealing from compact disks. The company has attracted the attention of some of the largest players in software, applications and music, who've expressed interest in implementing the technology, he said. Shares lost 3 cents to $6.16. |
