Rail Vision Ltd (RVSN)

[midastouch017]

Zisapel’s faith

When was the last time you heard of a company’s owner, or managers, buying rather than selling their company’s shares? It was probably in the US market since in Israel it is a very rare occurrence. This would explain the enthusiasm that greeted the announcement by Radvision (Nasdaq: RVSN; TASE: RVSN) chairman Zohar Zisapel, who last week bought a further $3.3 million worth of Radvision shares on the open market, in addition to his current 10.3% share in the company.

Anyone who heard the presentation by Radvision’s new CEO Boaz Raviv at the CIBC conference, in which he predicted a wide-scale roll out of the market for video conference calls over computers and 3G handsets, understood why Zisapel increased his stake. Incidentally, when he was asked several years ago what would be the next hot field in technology, Zisapel mentioned video conference calls, despite the fact that he and his brother Yehuda are involved in many other fields.

It should also be noted here that the downslide of Radvision stock from a high of $21.4 in February to $15 last week can be attributed in its entirety to the collapse of the hedge fund Saranac Capital Management, which held 2.4 million shares in Radvision last year and liquidated its position in the stock from January 2006 onwards, after its investors bolted.

http://www.globes.co.il/serveen//globes/docView.asp?did=1000095112&fid=1176

Dubi