Some Good News, For a Change
July 26, 2006 - 10:51 AM by Allison
If it weren’t for the war, this would absolutely be the lead story in every Israeli newspaper:
Hewlett Packard announced it is buying the Israeli technology company Mercury Interactive for $4.5 billion in stock…
The acquisition of Mercury is the second-biggest hi-tech deal in Israeli history, second only to Lucent’s purchase of Chromatis for $4.7 billion… This deal ranks close to Warren Buffett’s recent purchase of metalworking company Iscar for $5 billion – he paid $4 billion for an 80% interest.
Despite it all, we’re still a good investment, dammit! The Israeli stock market is actually staying remarkably strong, considering. Now is the time to do some bargain-hunting stock purchase if you ask me.
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