Israel - Follow The Money

1.Facebook makes first ever Israeli acquisition

Facebook, operator of the world's largest social network, is buying Israeli start-up Snaptu, for $60-70 million. This transaction is Facebook's first acquisition in Israel. Snaptu's application allows mobile phones, even those less advanced than an iPhone or Android phone, to access mobile Internet.

COMMENT: Get off Facebook DBS! Israel Leads! (IL)

2.Broadcom to announce $360m acquisition of Provigent

Provigent Ltd., run by founder and CEO Dan Charash, is being acquired by Broadcom Corporation (Nasdaq: BRCM) at a company value of $360 million. Provigent is a fabless semiconductor company that develops system-on-a-chip (SoC) solutions for the broadband wireless transmission industry.

COMMENT: While they continue to riot, demonstrate and shoot at each other, Israel Leads!

3.Dell inaugurates Israeli R&D center

Computer giant Dell Inc. (Nasdaq: DELL) today inaugurated its Israeli R&D center. The center, is based on Exanet, which Dell acquired last year. Dell has since invested in establishing the infrastructures and building the R&D center, which is part of the company's Enterprise Storage Business.

COMMENT: Are you watching DBS? Clearly the financial world doesn't give a damn about your skewed politics.

4.Israel Corp unit wins $1.1b Peru electricity deal

Israel Corporation (TASE: ILCO) wholly-owned subsidiary Inkia Energy Ltd. has signed a $1.12 billion power purchasing agreement in Peru. Inkia won a tender to supply 200 megawatts a year of electricity for 15 years from new hydroelectric plants to a government-owned electric company.

COMMENT: The miracle continues.....

5.Rafael in $1b Indian anti-tank missile deal

Defense News" reports that the Indian Army is about to order thousands of Spike anti-tank missiles and peripheral equipoment from Rafael Advanced Defense Systems Ltd. in a $1 billion deal. Indian Ministry of Defence officials told the magazine that the order is for 321 launchers, 8,356 missiles, and 15 training simulators, and peripheral equipment.

COMMENT: That is a lot of money, and this is a BIG deal, in more ways than one.

6.EMC to open R&D center in Beersheba
EMC Corporation, one of the world's leading companies in information infrastructure solutions, says it will strengthen its investment and presence in Israel by opening a new Research & Development Center in Beersheba in April 2011.

Reality is that which, when you stop believing in it, doesn't go away - Phillip K. Dick