Elron Joins the AMIDEX35 Index.Business Editors NEW YORK--(BUSINESS WIRE)--April 13, 2000 TransNations Investments, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (TNI) announced today revisions to its AMIDEX35 Index, the bi-national equity benchmark for Israeli stocks. Dead Sea Works (DSEA DSEA Domestic Security Enhancement Act of 2003 (proposed US legislation) DSEA Delaware State Education Association DSEA Display Station Emulation Adapter DSEA Domino Signal Encryption Algorithm DSEA Data Station Emulation Adapter ), one of the world's major producers of potash and magnesium flakes, was acquired by Israel Chemicals (CHIM CHIM Center for Healthcare Information Management ), a diversified manufacturer of chemicals and fertilizers, and was delisted from trading by the Tel Aviv Stock Exchange Tel Aviv Stock Exchange Israel's only stock exchange. (TASE TASE Tel Aviv Stock Exchange TASE The All Seeing Eye TASE Tactical Air Support Element TASE Thrust Assessment Support Environment TASE Telecontrol Application Service Elements (IEC communications protocol) ). Replacing Dead Sea Works in the Index is Elron Electronic Industries (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). Elron, a multinational high-tech holding company, operates electronics, communications, semiconductors, and information technology subsidiaries. Elron's market capitalization nearly doubled in 1999, from $340 million to $650 million. The delisting of Dead Sea Works from trading positioned Elron as the 35th largest Israeli stock on the AMIDEX35 radar for the year 2000. Elron's subsidiaries include NASDAQ traded Elbit Systems (ESLTF) and Zoran (ZRAN). Elron recently sold its holdings in Elbit Medical Imaging (EMITF EMITF European Microsoft Information Technology Forum ) to GE for $145 million. The AMIDEX35 Index tracks the thirty-five largest Israeli companies traded on either Wall Street or the Tel-Aviv stock exchange. Since it was first published on January 1, 1999, through March 31, 2000 the Index was up over 139%. In the first quarter of this year, the AMIDEX35 Index increased by more than 28%. As of March 31, 2000, the combined market capitalization of the 35 companies that comprise the AMIDEX35 Index reached over $100 billion. "The inclusion of Elron to the Index adds exposure to unique defense and Internet technology," commented Gadi Beer, senior associate with TNI. Bloomberg, L.P, calculates and publishes Index performance statistics. The AMIDEX35 Index is an unmanaged Index comprised of 35 of the highest market capitalization Israeli stocks traded either on the Tel Aviv or New York exchanges, and is not an investment product available for purchase. Additional information on the AMIDEX35 Index is available on www.amidex.com |
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