LanOptics To be Listed On the Tel Aviv Stock Exchange in Addition to Its Listing On the NASDAQ National Market.Business Editors YOKNEAM, Israel--(BUSINESS WIRE)--March 25, 2002 LanOptics 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 : LNOP), a provider of network processors, today announced that it has obtained approval to list its shares for trading on 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) ). Shares will begin trading on April 1, 2002. The dual listing will enable Israeli and international investors, who currently do not trade LanOptics shares in the U.S. for various reasons, including restrictions on trade in the U.S., cost and time difference, to trade in LanOptics shares. Additional advantages of a dual listing include a longer trading day and access to the lower trading costs Trading costs Costs of buying and selling marketable securities and borrowing. Trading costs include commissions, slippage, and the bid/ask spread. See: Transactions costs. on the Tel Aviv Continuous Trading Continuous Trading A method of transacting different securities orders. Continuous trading involves the immediate execution of orders upon their reception by market makers and specialists. (TACT) system. "We are pleased to initiate dual trading Dual Trading The action of a broker executing customer orders and on the same day trading for his or her own account or an account in which he or she has significant interest. This is most prevalent in the futures market. Notes: Dual trading is a very controversial issue. , on Tel Aviv and NASDAQ, concurrently with the arrival of EZchip's NP-1 first network processor samples which are now being tested by EZchip. As EZchip is LanOptics' main holding, Israeli investors will have the chance to invest locally in the world's most advanced network processor", said Dr. Meir Burstin, Chairman of the Board of Directors of LanOptics. LanOptics shares will continue to be listed for trading on the NASDAQ National Market and the Company will continue to be subject to all of the rules and regulations of NASDAQ and the U.S. Securities and Exchange Commission. The report to the Tel Aviv Stock Exchange will be of the same form required of foreign companies by the U.S. Securities and Exchange Commission. LanOptics is focused on EZchip Technologies, a fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. providing 10/40 Gigabit network processors. EZchip's breakthrough TOPcore(R) technology delivers 7-layer full-packet processing at wire speed. EZchip's single-chip solutions enable highly integrated networking equipment, delivering advanced services and unprecedented port density. For more information, visit the web site at http://www.lanoptics.com. "Safe Harbor" statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, reliance on key strategic alliances, fluctuations in operating results, delays in development of highly-complex products and other risks detailed from time to time in LNOP filings with the Securities and Exchange Commission. These risks could cause the Company's actual results for 2002 and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of LNOP. |
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