Bloomberg News

EZchip Drops to Month Low, Closes Gap with U.S. Traded Shares

July 11, 2012

EZchip Semiconductor Ltd. (EZCH), an Israeli developer of network processors, dropped to the lowest in almost a month, closing the gap with the U.S.-traded stock.

The shares declined 4.9 percent to 139.2 shekels, or the equivalent of $35.09, the lowest since June 12, at 10:34 a.m. in Tel Aviv. The New York-traded shares fell 4.5 percent to $35.25 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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