Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ampal-American Israel Corporation (NASD: AMPL, NASD:AMPLP) -- Ignore unavailable to you. Want to Upgrade?

To: caly who wrote (56)	4/19/2000 9:16:00 AM
From: caly	Read Replies (1) \| Respond to of 77

Anyone know if they can sell these TERN shares now? Tuesday April 18, 4:20 pm Eastern Time Company Press Release Ampal Completes the Sale of Its Indirect Holdings in Combox Ltd. to Terayon Communication Systems, Inc. NEW YORK--(BUSINESS WIRE)--April 18, 2000--Ampal-American Israel Corporation (AMEX:AIS - news) announced today the completion of its previously announced sale of its indirect holdings in Combox Ltd., through its 42.5%-owned affiliate, Ophir Holdings Ltd., to Terayon Communication Systems, Inc. (NASDAQ:TERN - news), a leading supplier of broadband network systems for the delivery of advanced data and video services over cable television networks. Ophir exchanged its 19.7% interest in Combox for approximately 150,000 shares of Terayon. Ampal continues to direct its strategic focus toward increased involvement in the high-technology sector. Ampal and its subsidiaries primarily acquire interests in businesses located in the State of Israel or that are Israel- related. An important objective of Ampal is to make investments in companies which take advantage of the growth in Israel's high- technology sector. Ampal and its subsidiaries have diversified interests in the following sectors: high-technology and communications, real estate, capital markets, leisure-time, energy distribution, and industry. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward- looking statements. Further information regarding risks and uncertainties are detailed from time to time in the Company's filings with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: Ampal-American Israel Corporation Company Contact: Eli S. Goldberg Vice President-Legal and Secretary 212/782-2100 or Morgen-Walke Associates Investor Contacts: Jill Meleski 212/850-5600 or Morgen-Walke Associates Press Contact: Gregory Tiberend 212/850-5600