Beni_fish

VocalTec’s senior management group now includes 3 ExScite’s
members: Itzik Winshtein, Beni Fish and Nir Zamir.
Beni Fish beni_fish@vocaltec.com
is VP Customer Care, since early 2000. Prior to joining VocalTec,
he held senior management positions at ECI Telecom and 18 years
at Scitex Corporation, including director of international
customer support in Israel, US Eastern Regional Manager, and
director of Scitex UK.
Nir

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Ronir_Brosh

Ronit Brosh ronit.b@dealtime.com is VP
Development & Architecture at DealTime in Netanya. Ronit
spent 3.5 years at Scitex R&D in Israel.
Prior to DealTime, Ronit was 2 years (95-97) at Apple Computer, Cupertino CA, in the Graphics Engineering team, 1.5 years at AutoMedia as a project manager, Israeli startup that dealt with technology for object isolation for video) and in 99-00 at Agentics as R&D manager (Internet startup that dealt with b2b e-commerce solution for comparison shopping).
DealTime http://www.dealtime.com is an

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Eli_Shalev

The ExScite Eli Shalev elis@nur.com has assumed the newly
created position of COO at NUR Macroprinters www.nur.com . He has been with the
company since March 2001 as VP R&D. Eli has 20 years
experience in various managerial roles developing graphic arts
products with Scitex and the CreoScitex.
Earlier this year, the Nur implemented a number of restructuring,
consolidation and cost reduction measures that better aligned it
with customer demand. As part of the new measures, the company
appointed a new COO, consolidated its R&D operations, and
initiated a reduction in headcount. Nur’s CEO, the ExScite Erez
Shachar erezs@nur.com
 added, “This new position is a reflection of our
strategic commitment to ongoing investment in our organization
and to improving our operational capabilities.”
Nur Macroprinters
(Nasdaq: NURM),
a manufacturer of wide-format and superwide digital printing
systems, reported that revenue in Q3 – $30M. NUR share closed on
Nov 7th at $3.12 on the Nasdaq Market.

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Shelagh_Hammer

Shelagh
Hammer shelagh.hammer@emblaze.com
has been appointed Associate-VP
Marketing at Emblaze Systems. Until recently Shelagh has served
as VP Information and Marketing Services at CreoScitex in
Herzlia, Israel. Prior to that, she filled a number of marketing
positions at Scitex, for a total of 19 years. (in the
picture on the right Shelagh and friend==>)
Founded in 1994, Emblaze Systems www.emblaze.com pioneered the
introduction of instantaneous video delivery to handheld and
mobile devices. The company went public in 1996 and is traded on
the London Stock Exchange under the symbol [LSE: BLZ]. With over
400 employees, Emblaze focus on developing and supporting
practical solutions based on its wireless technology. The
patented technology enables encoding and playback of live and
on-demand video messages and content on any platform: PC’s,
PDA’s, Video cellphones and TV. Corporate headquarters in Israel,
with offices in NY, Los Angeles, London, Seoul and Tokyo.

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The Scitex tradition continues: Scitex warns on $35 mln write-off, expects Q3 loss of $40 -$41 mln

Continuing the previous management querterly ritual, Scitex interim CEO Yeoshua Agassi announced $35M write off, following Creo’s announcement of $366M writeoff of its own. Scitex shares are traded at the $3, the lowest EVER.
The tradition continues: Scitex warns on $35 mln write-off, expects Q3 loss of $40 -$41 mln

Globes correspondent
18.10.2001 10:47
Dual-listed Scitex (Nasdaq: SCIX ), which develops inkjet and digital imaging solutions, announced yesterday after US markets closed that its third quarter results would include a one-time charge of $35 million, reflecting Scitex’s share of write-offs announced by Creo Products (Nasdaq: CREO).On October 11, Creo announced one-time write-offs of $366 million in total.

Scitex owns 27% of Creo. Scitex’s net loss for the third quarter 2001 is therefore expected to be $40 – $41 million, which includes the $35 million charge resulting from the write-downs announced by Creo.

Scitex’s revenue for the third quarter 2001 is expected to be in the range of $65 – $67 million. On the basis of this estimate, Scitex expects a pro forma net profit of $2-$3 million ($0.05 to $0.07 per share).

Scitex CEO Yeoshua Agassi said, “In spite of current difficult market conditions, both Scitex Digital Printing and Scitex Vision continued to demonstrate year on year revenue growth. Scitex remains focused on its digital printing operations to ensure strong performance in these core businesses.”

Following the announcement, Scitex’s owners reported their shares of the loss. Discount Investments, which owns 22% of Scitex, reported that it expected to record a $9 million loss in its third quarter results as its share in Scitex’s loss. For the same reason, Clal Industries, which also owns 22% of Scitex, announced that it would also record a $9 million loss in its third quarter results. IDB Development owns 71.6% of Discount Investments and 63.6% of Clal Industries.

Scitex will report its third quarter 2001 results after the market closes on November 6, 2001. The company’s shares closed on Wednesday at $3.15 on the Nasdaq Exchange.

 

Published by Israel’s Business Arena on 18 October, 2001
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Dwight Johnson, SDP president- retires

Dwight T. Johnson, president, Scitex Digital Printing, Inc. and Executive Vice President,Scitex Corporation LTD is retiring. He was president since 1993 and had previously acted as general manager of Eastman Kodak’s, Dayton Operations before its transformation into the Scitex organization. He joined Kodak in 1963 and held numerous positions during his tenure, including president of Kodak Japan Industries Limited. (see full article Scitex Digital Printing Appoints Homi Shamir New President at the Exscite NEWS section on the left)
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Mark Johnson @ Presstek

Marc Johnson (marc@concep.com), has been appointed Presstek’s (New Hampshire) (www.presstek.com) Product Line Manager, Off-Press/CTP Imaging Products. Hewill manage the marketing and business activities of all off-press equipment, and Presstek’s strategic partners relationships for proofing imagers and specialty platesetters. At STA Marc has served as product marketing manager, output imaging systems for the last eight-year, focusing on Dolev™ imagesetters, Lotem™ CTP systems and Brisque. Before Scitex, he worked for Varityper/Monotype.

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High-tech forum: Many more Israeli start-ups will collapse unless government intervenes

Forum chairman Erez Meltzer (formerly CEO of Creo-Scitex in Israel) and forum management member Shlomo Gradman (CEO of Monterey Design Systems) are calling on the government to set up government funds for supporting young high-tech companies.
High-tech forum: Many more Israeli start-up will collapse unless government intervenes
Globes, Israel

Yanay Alfassy
15.10.2001 15:56
“Without immediate government intervention, many start-up companies will collapse and the entire high-tech sector will shrink considerably,” leaders of the high-tech forum in the Israel Center for Administration are warning. The recently established forum is made up of senior high-tech executives.Members of the forum’s management will appear tomorrow before the Knesset subcommittee debating the high-tech crisis. The subcommittee, headed by MK Eliezer Sandberg (Shinui), will operate within the Knesset Committee for Scientific and Technological Research and Development. The forum leaders welcomed the initiative for setting up a special committee to handle the high-tech crisis. They added that the Israel Center for Administration would hold a meeting next month to find alternative financing sources for start-up companies.

Forum chairman Erez Meltzer (formerly CEO of Creo-Scitex) and forum management member Shlomo Gradman (CEO of Monterey Design Systems) are calling on the government to set up government funds for supporting young high-tech companies. The two maintain that setting up such funds will make it possible to channel funds to start-up companies with economic potential and a clear-cut business model.

Meltzer and Gradman say that such support is necessary due to the drastic reduction in private investment in start-ups, especially by venture capital funds. The two add that such a move will also contribute to a favorable market atmosphere, and prevent such companies from moving abroad.

Forum leaders say that in the future it will be possible to privatize such funds fully or partially, as in the case of the government Yozma funds, which were set up to support newly fledged high-tech industries. Thanks to their great success, the funds became a model of imitation in many countries, including the US.

The forum leaders will also advise Minister of Finance Silvan Shalom to expand tax concessions for investors in high-tech companies. They argue that Shalom’s decision to award tax exemptions to foreign venture capital funds investing in Israel is not sufficient.

The exemption does not apply to strategic and other investors not investing through venture capital funds. Forum leaders believe that such investors could be a source of investment, in view of the slump in the venture capital industry.

Published by Israel’s Business Arena on 15 October, 2001
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