Elron Electronic Industries makes announcement.HAIFA, Israel--(BUSINESS WIRE)--Dec. 18, 1995--Elron Electronic Industries Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ELRNF), a leading multinational high technology holding company, today announced that, further to its release of October 26, 1995, its affiliate, Zoran Corporation This article is about Zoran corporation. For other uses, see Zoran. Zoran Corporation is a multinational digital technology company, headquartered in Silicon Valley. The name Zoran is derived from the Hebrew word for silicon. announced on December 15, 1995 the initial public offering of 2,050,000 shares of its Common Stock at $13.50 per share. The shares are listed on the NASDAQ National Market under the symbol: ZRAN. The offering was managed by Oppenheimer & Co. Inc., Furman Selz Incorporated and Unterberg Harris. Upon completion of the initial public offering Elron will hold approximately 23% of the share capital of Zoran. The anticipated gain on equity to Elron from the change in holding in Zoran is above $3 million. Zoran develops and markets integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. for digital video and audio-compression applications. Zoran's integrated circuits are used in a variety of video and audio products addressing evolving multi-media markets. Elron Electronic Industries Ltd. is a multinational high technology holding company based in Israel. Through affiliates, Elron is engaged with a group of high technology operating companies operating company A business that engages in transactions with outsiders. in the fields of medical diagnostic imaging, advanced defense electronics, manufacturing automation, high speed data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , networking services and semiconductor and software products. CONTACT: Robert Rinderman, The Anne McBride Anne C. McBride (born Nova Scotia) was a frequent candidate in Canadian federal and provincial elections and by-elections in the 1970s, 1980s and 1990s. McBride was an ordained minister in the Assemblies of God, a Pentecostal Christian denomination. Company, Tel: 212-752-0504 or Yung Jin Kim, Elron Technologies, Inc., Tel: 212-935-3110 or Doron Birger, Elron Electronic Industries Ltd., Tel: 011-972-4-545000 |
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