Mellanox Technologies Ltd. Chief Executive Officer Eyal Waldman is betting the purchase of Voltaire Ltd. may help the Israeli maker of data-center adapters and software to boost sales 10-fold within the “coming years.”
Mellanox Technologies Ltd., an Israeli adaptor maker, expects more takeovers in the sector as the acquisition of RadVision Ltd. helps boost the volume of technology and Internet deals to the highest since 2007.
Potash Corp. of Saskatchewan Inc. is in discussions to acquire Israel Chemicals Ltd. less than five months after it dropped a bid to raise its stake. Talks may be even more difficult this time as the country heads to January elections amid security tensions.
Mellanox Technologies Ltd. is posting its biggest advance since 2009 as speculation mounts the Israeli maker of electronic adapters will become the second technology company in Tel Aviv’s benchmark TA-25 Index.
Ceragon Networks Ltd., a maker of systems for mobile-phone and Internet providers, rose the most in a month in New York after reporting orders of $3.5 million that tempered investors’ concern about a revenue drop.
Israeli bank valuations are falling to levels that preceded a surge in loan losses three years ago, just as 20 billion shekels ($4.9 billion) of company debt comes due and economic growth slows to the weakest pace since 2009.