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 : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (115276)	10/15/2000 11:22:25 PM
From: Roger Schelling	Read Replies (1) \| Respond to of 120523

Goldman Sachs sounds all clear for foreign investors Zvika Paz 15.10.2000 15:20 It appears that foreign analysts believe in Israeli high tech. How else can we explain the fact US investment bank Goldman Sachs issued a special reassuring report to US investors this weekend? The report is largely made up of statements of support for NASDAQ-traded Israeli companies. Written from the viewpoint of a leading US investment bank, the report opens with the following words: “Israeli technology stock on NASDAQ have declined dramatically recently, due in part to overall weakness on NASDAQ, but, recently, specifically due to rising tensions and violence in the Middle East. For the first time that we can remember, there seems to be broad-based selling of Israeli tech stocks because they are Israeli, in our view.” Despite this pessimistic statement, Goldman Sachs stresses that, as far as Israeli technology is concerned, the security situation has had no special impact. Israeli analysts Elan Zivotofsky and Shimon Levy even come out with a Zionist declaration, reminding everybody that they still maintain that Israel’s special situation need not influence the price of Israeli shares traded on NASDAQ. What is more, most of these Israeli companies’ marketing and sales activity takes place outside Israel. The R&D activity, which is mostly based in Israel, is not affected by events, because R&D centers are located in cities such a Tel Aviv and Herzliya – far from the flashpoints. In this case, Goldman Sachs asks, what are the risks facing Israeli companies and how are they expected to influence share prices? The answer: Only one factor could have an impact: a massive mobilization of army reserve forces. Goldman Sachs views the beating taken by Israeli shares as an interesting buying opportunity that would last a month or two. In view of the sharp declines in most Israeli shares in the past few days, many of them are traded at attractive prices. There have been no new developments with regard to Check Point (CHKP), which is expected to publish an excellent quarterly report next week, or Comverse (CMVT), which continues to benefit from brisk demand for its cellular data solutions. The list of top stock picks also includes Audiocodes (AUDC) and DSP Group (DSPG), which dived sharply in the past two weeks, but which are also expected to post good quarterly results. Other recommended shares are Orbotech (ORBK), NICE (NICE), and ICI (ECIL), which Goldman and Sachs says are traded at very attractive valuations. Roger