Radcom dual-listing in Tel Aviv
14.2.06 | 10:48 By Asaf Rothem
Its stock has risen 91% since November 2005, which may have spurred the Zisapel hi-tech brothers to make the leap. Wall Street-traded Radcom (Nasdaq: RDCM) will be dual-listing in Tel Aviv .
Local trade in Radcom stock will start on February 20, 2006. the move make sit the 36th dual-listed share in Tel Aviv.
The Zisapels have shown a penchant for starting with a Nasdaq listing, then taking the company home as well. Radcom is preceded by Silicom (Nasdaq, TASE: SILC), Radware (Nasdaq: RDWR), Radvision (Nasdaq: RVSN) and Ceragon (Nasdaq, TASE: CRNT). The only RAD group stock remaining listed only in New York is Radview (Nasdaq: RDVW), which is in danger of collapsing. The Fortissimo fund recently came on board as an investor, in an attempt to rescue the company.
Radcom, which supplies quality testing kits for cellular networks, published its 2005 results less than two weeks ago. fourth-quarter 2005 revenues were $6.6 million, an increase of 30% from the parallel quarter and 12% from the previous quarter. It netted $798,000 in the quarter or 5 cents per share, against losing $243,000 in the same period of 2004. http://www.haaretz.com/hasen/spages/682733.html