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Home > Company Index > Computer Hardware > Networking & Communication Devices > Elbit Ltd.

Elbit Ltd.
Nasdaq: ELBT
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 NEWS FROM THE WIRES
Israel's Elron offers to buy Elbit
Jul 15 2001 08:08 AM PDT

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 PROFILE
Incubation is Elbit's primary occupation. The company invests in tech startups, with a particular emphasis on companies involved in electronic commerce and mobile communication products and services. In 2000 Elbit divested its stake in two concerns, selling its stake in Peach Networks (interactive services for digital cable operators) to Microsoft, and its stake in HyNEX (asynchronous transfer mode networking products) to networking giant Cisco Systems. The company plans to continue divesting non-core holdings, and has reduced its stake Elbit Vision Systems (automatic inspection systems for the textile industry). Israeli conglomerate Elron Electronic Industries owns more than 40% of Elbit and has offered to buy the rest.

 COMPETITION
Barco n.v. (BAR)
"Bezeq" The Israel Telecommunication Corp. Limited (dossier)
ECI Telecom Ltd. (ECIL)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 11.90
1-Yr. Sales Growth: (26.1)%
Employees: 72
Revenue per employee: $165,277.78

 KEY PEOPLE
• Yigal Baruchi
    CEO
• Tal Peretz Raz
    CFO

 CONTACT INFO
Rd. 2, Coastal Hwy.
Shefayim 60990, Israel
Phone: 972-9-9704-111
Fax: 972-9-9704-200
Online: Web Site

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