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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (14861)	9/13/1999 1:40:00 AM
From: Boddington	Read Replies (2) \| Respond to of 52051

S/W I'm in for a IGLD and more SIDX in the AM. IGLD info ... quote.yahoo.com by Tom Calandra of CBS MarketWatch. Israeli Net: I used to write about the Tel Aviv stock market when I worked in London, so it is with warm regards that I give you an Internet viewpoint from Guy Rolnik, the business and finance editor from daily newspaper Ha'Aretz. Rolnik was passing through San Francisco talking about the Tel Aviv newspaper's international efforts. Rolnik is often mentioned as one of Israel's top financial journalists. He's a hard-working editor with a ton of ideas in a country stuffed with technology ideas. Near his Tel Aviv office toil the scrappy young Israelis who developed the instant messaging service ICQ, now owned by America Online (AOL: news, msgs). Rolnik says that Israelis are in love with the Internet. He mentions one recent IPO that trades not in Tel Aviv but on Nasdaq, where more and more Israeli companies are raising money. Internet Gold (IGLD: news, msgs), which this month sold shares on Nasdaq at $12, is an Israeli Internet service provider. The company raised $54 million through its offering of 4.5 million shares, then saw the shares get caught in a Net downdraft. "This is the first Israeli company -- not just the first Internet one -- but the first Israeli company that is a pure local company," Rolnik, who does not recommend stocks, told me. "It does business exclusively in Israel." He says it is the second-largest ISP, after privately held NetVision. The stock sells below 10 now, which puts it at about 10 times one year's sales.