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.

Technology Stocks : Orckit (ORCT) -- Ignore unavailable to you. Want to Upgrade?

To: savolainen who wrote (1319)	6/26/1998 1:21:00 PM
From: shlomi cohen	Read Replies (1) \| Respond to of 1998

Hi s., Clal electronics is an holding company which recently decided to diversify from large holdings in ECI into smaller positions in what they think the most promising Israeli hi-tecs. They sold some ECI to koor and bought positions in GILTF, FNDTF and ORCTF. Clal ceo said to a local paper that on any weak prices in orctf he will buy more. Today we know that clal buying, weeks before the secondary, helped the stock from the deep slide we saw in nasdaq stocks. I am sure that clal got the idea of orctf as a great investment from ECI mgrs as they know the market and know orctf customers like DT but in second thought I do not see clal taking over orctf for ECI. Orctf two owners are the brain of the company and they own around 38%. I do not see them working for ECI. I see orctf as the next ECI of Israel under the owners management. ECI is looking into the ADSL business and a merger with PAIR seems good for both cos. ECI is very strong in Europe and PAIR in U.S. (have to go) Shlomi.