Ampal Announces Significant Developments in XACCT Technologies -1997- Ltd.Business Editors NEW YORK--(BUSINESS WIRE)--March 31, 2000 Ampal-American Israel Corporation (AMEX AMEX See: American Stock Exchange :AIS) announced today that its 15%-owned investee company, XACCT Technologies (1997) Ltd., has filed a registration statement on form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its ordinary shares. All shares will be offered by XACCT. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. will act as lead manager and Chase H&Q and U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution will act as co-managers of the offering. XACCT develops and markets intelligent business infrastructure software for telecommunications carriers, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , enterprise network operators and cable network operators. XACCT's intelligent software platforms enable service providers to design and execute innovative revenue-generating services and programs. Prior to XACCT's filing of its registration statement, Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Inc. made a strategic investment in XACCT. In addition, the two companies plan to initiate joint sales and marketing activities. Ampal and its subsidiaries primarily acquire interests in businesses located in the State of Israel or that are Israel-related. Ampal's primary investment focus is the growing high-technology and communications sector. Ampal has diversified interests in the following sectors: high-technology and communications, real estate, capital markets, leisure-time, energy distribution, and industry. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Further information regarding risks and uncertainties are detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
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