Alon is aggressively adding marketing personnel as well as opening new offices to maintain the pace of demand for its management
software products. On October 24 PRSE announced its Q3 results as ($0.06) which exactly matched the analysts' concensus estimate.
We also added a 250 share holding in Comverse Technology, (Nasdaq:CMVT) which makes voice-mail software for telecom companies.
Comverse is a prime example of an Israeli company with a U.S. veneer. It's in Woodbury, N.Y., where Kobi Alexander, its chairman,
president, and CEO is based, but maintains a sizable R&D facility in Israel. The total CMVT holding is now 1000 shares. The company
is one of the leaders in its field and is maintaining a solid pattern of increasing sales and profits. Its recent decline provided the
opportunity to increase the holding.
The proceeds of the sale of 5000 shares of Gilat Communications (Nasdaq:GICOF) were used to buy 1400 shares of Precise Software
(Nasdaq:PRSE). As a result of the transaction the PRSE holding was increased to 2000 shares. The company's president and CEO Alon
Shimon made an impressive presentation at the recent Growth Conference. He seemed quite comfortable predicting a continuation of
rising quarterly revenues over the past eleven consecutive quarters. More than 600 companies have already purchased Precise's products.