Bloomberg News

Israel Stocks: RadVision, Allot, Medical Compressions, Teva

December 16, 2011

Dec. 15 (Bloomberg) -- Israel’s TA-25 Index gained for a third time this week, climbing 0.3 percent to 1,077.53 at 1:43 p.m. in Tel Aviv. The measure has gained 0.7 percent this week and lost 19 percent this year.

The following stocks rose or fell today. Symbols are in parenthesis.

Allot Communications Ltd. (ALLT IT) fell the most since Nov. 8, tumbling 7 percent to 64.89 shekels, or the equivalent of $17.06. The U.S.-traded shares of the Israeli maker of high- speed networking equipment whose biggest market is Europe slumped 7.3 percent to $16.77 yesterday on concern policy makers will fail to contain Europe’s debt crisis.

Medical Compression Systems (DBN) Ltd. (MDCL IT) surged the most since Nov. 28, advancing 17 percent to 2.8 shekels. The maker of non-invasive blood circulation solutions said it was adding a safety mechanism to its product following U.S. Food and Drug Administration criticism.

RadVision Ltd. (RVSN IT) tumbled the most since April 4, retreating 13 percent to 32.20 shekels, or the equivalent of $8.47. The U.S.-traded shares of the maker of video-conferencing systems slid 12 percent to $8.51 in New York yesterday. RadVision has gained 20 percent this week in Tel Aviv on newspaper reports that Avaya Inc. is in talks to buy the company for a premium.

Teva Pharmaceutical Industries Ltd. (TEVA IT) rose to its highest intraday level since Aug. 1, gaining 2.3 percent to 157.90 shekels or the equivalent of $42.52. The U.S.-traded shares of the world’s largest generic drug maker gained 1.3 to $41.24 yesterday.

--Editors: Peter Branton, Linda Shen

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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