Trading volumes on EZchip Semiconductor Ltd., Israel’s second-largest chipmaker, jumped to more than 40 times its 90-day average after Cisco Systems Inc. became the fourth customer to announce development of in-house processors.
Perion Network Ltd., the Israeli maker of Internet tools set for the longest stretch of quarterly gains on record, will surpass AOL Inc. in the U.S. search market after a reverse merger with a unit of Conduit Ltd., Chief Executive Officer Josef Mandelbaum said.
EZchip Semiconductor Ltd., the worst-performing stock among Israeli companies traded in New York over the past month, is poised to extend declines as competition grows, according to Chardan Capital Markets LLC.
Perion Network Ltd., the software maker whose New York shares trade at almost half of its historical valuation, fell to the lowest in four months in Tel Aviv as its lower-than-estimated sales forecast outweighed a search partnership with Yahoo! Inc.
Allot Communications Ltd. fell in New York to trade at the biggest discount to its Tel Aviv shares in three weeks on concern delays in securing contracts and an acquisition announced yesterday will erode earnings.
Spreadtrum Communications Inc., a Chinese mobile-chip maker, surged to a record in New York after agreeing to a $1.78 billion takeover in the largest proposed acquisition of a semiconductor maker in about a year.