Bloomberg News

EZchip Retreats Most in Month, Narrowing Gap With U.S. Shares

July 10, 2012

EZchip Semiconductor Ltd. (EZCH), an Israeli developer of network processors, dropped the most in more than a month, narrowing the gap with the U.S.-traded stock.

The shares declined 4.6 percent, the most since June 3, to 146.3 shekels, or the equivalent of $36.95, at 11:30 a.m. in Tel Aviv. The New York-traded shares dropped 4.8 percent to $36.90 yesterday.

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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