MAGIC SOFTWARE-MGIC Message Board

5/28/2000 1:38:00 PM

Salomon stays bullish on Israeli high-tech stocks

TEL AVIV, May 28 (Reuters) - Salomon Smith Barney remains bullish on Israel's technology sector and expects some stocks to double in price by year end.

``We believe the Israeli technology stocks will continue to outperform the broader market,'' wrote analysts Victor Halpert and Colby Wheeler in a report dated May 26 and released on Sunday.

[...]

The completion of two acquisitions and two more in the pipeline will jump start Magic's shares, pushing them to $40 from $12-13/16.

[full article at biz.yahoo.com