Delek Drills Deep

Delek just purchased 25% of a North Sea Oil concession.

Not tonight honey

Teva is investing NIS 1.5 million to launch Acamol Focus - their version of Excedrin Migraine.

Word on the $treet

Will the Bank of Israel openly intervene by next week to prevent the shekel from rising further (or the dollar dropping)? Will they start selling Shekels?

Wait and see.

Electric going mobile

LX Mobile sold a system for reading the thousands of Smart Meters the Israel Electric Company has installed - including 400 mobile PDAs from Psion Teklogix for reading the meters remotely . Altogether, a deal valued at a few hundred thousand dollars.

Matrix is really Hungry

Matrix just bought 60% of Tangram-Soft for over NIS 15 million, plus another few million they will be investing in the company.

Big in Israel

Jacky Ben-Zaken and Avraham Nanikashvilli bought the Kanyon Hasharon (Mall) for NIS 344 million. The deal was mediated by Roni Maanah - Israel's latest commercial property wunderkind. Roni did some big deals recently with Arkadi Gedaymak and Yeshayahu Boymelgreen.

Small in Japan

Given Imaging has won approval to sell their PillCam (Small Bowel) capsules in Japan.

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Paz Gas

Paz is building a private $60 million, 43 Watt power station in Ashdod - run on Natural Gas (purchased from Delek).

Doing Tshuva

It's to early in the season to be doing Tshuva, but Itsik just sold 16,000 apartments in Canada, raking in a cool $2 Billion dollars.

Shari Arison sure does like her bank

Shari has bought another $40 million in shares of Bank Hapoalim, upping her ownership to just over 20%. She already owned controlling interest.

Word on the $treet

Stanley Fischer (Govenor of the Bank of Israel) is calling for the public to write in and present their arguments as to how and when to cancel publishing representative foreign exchange rates.

Fisher really believes in invisible hands and free market forces - even after his little intervention correction last week.

If the Bank of Israel doesn't do it, someone else will. Certainly without the Bank of Israel's "correction", last week's slide may have reached thr 3.96 level.

Good for him.

HP widens their market

HP will now begin selling their (Pavilion) Desktop PCs to the general Israeli market.

So much bandwidth...

Cellcom has bandwidth to spare. Cellcom is offering a new service that will connect the video from any (Edge) 2.75G cellphone to your PC (via their website) for free.

Certainly better than a shopping network.

Low Emmisions at Datasafe

Datasafe just completed migrating all 250 of its fleet of cars from benzene to a liquid gas combination through the company J GAZ.
They expect it to increase engine efficiency while reducing damage to the environment.
They'll need to change the color of their logo to green.

Winning the Lotto

HP & Matrix won the Miphal Hapayis (Lotto) tender to supply computers to educational institutions (schools) countrywide at a deal that can reach up to NIS 90 Million.

Ka-ching!

SAP, SAP, SAP, SAP

Malam will be installing SAP at Gilat Satellite worldwide in a project valued at NIS 20 million. Malam beat out Ness (SAP distributer) who also answered the tender with SAP.

IBM is installing SAP at Yafora (drink company). Price unknown.

Social Devolution

You know, sometimes in all the excitement of major announcement one forgets to mention the small details.

While Bituach Leumi management is planning to issue their (r)evolutionry tender to downsize off the mainframe, there is one little hitch in their plans.

It’s called the Bituach Leumi Worker’s Committee (Va'ad HaOvdim).

Bituach Leumi has been negotiating for 3 years (unsuccessfully) to change certain aspects of their agreement with the workers. This plan would affect the majority of the IT workers who group up on the Bituach Leumi mainframe and know nothing else.

It would be an understatement to say that after 3 years of negotiating the Va'ad and Bituach Leumi haven’t found common ground on the downsizing (among other things) - they aren’t even playing in the same universe.

Keep watching this space, but don’t hold your breath.

Aman buys again

Aman Computer (or is it Aman-SCP, or is PAmam now) continues to buy up other small Israeli companies for their products and services. They've had a very mixed bag of results from this philosophy, but they're clearly growing (both in Israel and internationally), so they must be doing something right.

AMD opens in Israel

AMD is opening in Israel. Not a research or development facility like Intel, but rather a sales and marketing facility. The purpose - to help companies and organizations decide to use AMD chips - such as for answering government tenders.