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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: cfoe who wrote (11179)	5/31/2000 10:39:00 AM
From: Ibexx	Respond to of 13582

Dr. Andrew J. Viterbi joins Witcom Wireless Telecommunications' Board of Advisors and investment group TEL-AVIV, Israel, May 31, 2000 (BUSINESS WIRE) -- Witcom Ltd., a designer, developer and manufacturer of radio-based digital networking solutions for the worldwide telecommunications and data communications market, today announced that Dr. Andrew J. Viterbi has joined Witcom's Board of Advisors and investment group. Dr. Viterbi has agreed to lead the Advisory Board for the company and has invested in the company. He will contribute to the company's technology management and technology development. Mr. Yosi Lahad, President and CEO of Witcom, commented, "I am very pleased and honored that Dr. Viterbi is joining our investors and Advisory Board, and we welcome him to the company. His significant experience and outstanding knowledge in both the academic and industrial fields will be of great benefit to our shareholders and the company." Mr. Lahad continued, "Dr. Viterbi will provide the Board and the company with invaluable expertise and experience during the coming years." Dr. Andrew J. Viterbi is a world-renowned expert in digital communication theory. All four international standards for digital cellular telephony use his algorithm (the Viterbi Algorithm) for interference suppression. This is also the case with most digital satellite communications systems. Dr. Viterbi is a co-founder of QUALCOMM Incorporated and until recently served as Vice Chairman. He is also a member of both the National Academy of Engineering and the National Academy of Sciences. ABOUT WITCOM Witcom Ltd. designs, develops and manufactures radio based digital networking solutions for the worldwide telecommunications and data communications markets. Active since 1997, the company was conceived from a business strategy dedicated to developing superior technology resulting in a high performance radio at optimum cost. Witcom Ltd. is owned by an investment group comprised of: Ascend -- a Nortel-associated venture capital. The ComSor Investment Fund -- an equity fund owned by Comverse Technology and the Soros Management Fund. Discount Investment Corporation-- a prestigious investment company with business in various industries including communications and high technology. Elron Electronic Industries -- a multi-national, high technology holding company. Dr. Viterbi -- co-founder of QUALCOMM, and member of Witcom advisory board. Rafael Development Corporation (RDC) -- a high technology business development company partially owned by Discount Investment & Elron Electronic Industries. Witcom is an ISO 9001 certified company. For more information, visit wit-com.com. _____ Any implications? Ibexx