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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: Renee Scherb who started this subject	9/5/2003 12:32:38 PM
From: Frederick Langford	of 42804

Israeli high tech eyes lucrative future in China Friday September 5, 1:08 am ET By Gwen Ackerman JERUSALEM, Sept 5 (Reuters) - Israel's vaunted high tech industry, dependent on exports for survival, is tapping into China's enormous trade potential as traditional U.S. and European markets struggle out of a slowdown. If Israeli companies have their way, millions of Chinese will be connecting to broadband Internet over their wireless infrastructure, or playing games on their cellphones using their streaming technology. "The United States and Europe are still in the midst of the crisis and Israeli companies are going to markets where there is growth," said Yair Ofek, senior director general at the Israel Export and International Cooperation Institute. The small size and flexibility of Israeli companies gives them an advantage in China, whose economy is expected to grow eight percent this year, say investors. "Chinese firms are not looking for cutting edge but for solutions that can be adapted and are suitable for the markets here," said Yishai Klein, Giza Venture Capital's man in Singapore. biz.yahoo.com Fred

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