Earlier this month, the company that runs the
Nasdaq Stock Market said it will reinstate a rule that requires
publicly held shares to have a $1 minimum closing bid price and a
certain minimum market value on August 3.
Nasdaq OMX Group Inc. suspended those rules in October, citing
unprecedented turmoil in the market, and it moved to extend the
suspension in December and March.
Under the rules, a stock faces delisting if it fails to achieve
a $1 closing bid price for 30 consecutive business days. It has at
least six months to resolve the problem by having a closing bid price
above $1 for 10 consecutive business days.
Companies whose shares fall below certain minimum market values
for 30 consecutive trading days are given three months to resolve the
This news strikes a delicate chord here in Israel
a number of local companies, including RadCom (RDCM), Metalink (MTLK),
Top Image Systems (TISA), Better Online Solutions (BOSC), Mind CTI
(MNDO) and ECtel (ECTX) are currently trading below the $1 red line.
While share prices of these firms are currently low, most of these
companies have seen a jump in their valuations over the last several
weeks, and they all continue to announce new partnerships, customers
and deals. This week's TechWatch takes a look at some of these recent
Last week, Tel Aviv-based Radcom, a developer of
innovative network test-and-service monitoring solutions for
communications service providers and equipment vendors, announced that
a leading telecommunications operator with a multinational Western
European IMS (IP Multimedia Subsystem) deployment has selected RADCOM's
Omni-Q solution to monitor their IMS services. The deal is valued at
over $1 million for RADCOM.
This tier-one incumbent operator, serving over a million IMS
subscribers, has been using RADCOM's troubleshooting and monitoring
solutions in several countries for many years. Throughout this period,
RADCOM has demonstrated the ability to quickly respond and adapt to
this operator's needs, both for decoding and reassembling
vendor-specific implementations and for scaling RADCOM'S integrated
troubleshooting and correlation engine capabilities to support millions
of subscriber sessions and registration traffic.
RADCOM's unique knowledge of IMS-specific requirements and
understanding of the required work-flow enables this operator to
leverage maximum benefit out of the monitoring system. In addition, the
long-term successful business relationship with RADCOM was a key factor
in deciding to deploy the Omni-Q solution to monitor the IMS services
of their rapidly expanding customer base. This significant win in
Western Europe is one more in a series of important IMS successes for
RADCOM, following considerable investment in this segment. RADCOM has
demonstrated repeatedly that the company is a leader in the market,
offering capabilities not otherwise available.
Better Online Solutions
Meanwhile, Rishon Lezion-based B.O.S. Better Online Solutions, a
leading provider of RFID (radio frequency identification tags) and
Supply Chain solutions to global enterprises, recently announced that
it has provided BOS - Waste management system, including over 1 million
RFID tags, to Otto, a leading provider of integrated solutions for
waste management in Europe and in the United States. Using BOS's RFID
solution will enable Otto to manage and track waste collection, control
waste-management subcontractors and offer better waste-removal services
to the public.
Otto offers the full range of waste-handling-related products
and services, as well as residential carts, lifters, commercial
containers, recycling bins and public-space containers. Otto is one of
the first waste-management companies to understand the added value of
using RFID to optimize the waste-collection process.
BOS, through its subsidiary BOS supply chain solutions (ODEM),
has designed a unique RFID tag for the Otto's bins, and is also
supplying Otto with the appropriate RFID readers and antennas. All the
hardware operates in a wide range of climates and weather conditions,
and is also appropriate for liquid-waste materials. In addition to the
RFID tags, BOS is also supplying software to track waste-collection
Finally, earlier this year, Rosh Ha'ayin-based ECtel, a leading
provider of Integrated Revenue Management (IRM) solutions for
communications service providers, announced that it has expanded its
business operations in the UK and Singapore, upgrading its
customer-interaction abilities and local support for its growing
customer base in Europe and Asia Pacific.
The expansion of the company's business operations in the UK
supports ECtel's strategy to strengthen its presence in the region and
operate closer to existing and potential clients.
Singapore, one of the most developed business centers in Asia
Pacific, will serve as a gateway to the region and position ECtel to
meet the region's growing demand for the company's innovative IRM
With a presence in over 50 countries, ECtel's world-leading
revenue-assurance products provide operators with modular, scalable
solutions to fight revenue leakage and fraud in order to ultimately
increase the bottom line. ECtel's revolutionary Integrated Revenue
Management (IRM) platform incorporates multifaceted solutions to
address all revenue threats by providing operators with a 360-degree
view of all revenues and costs, equipping them with proactive solutions
for increased efficiency and operability.
Matthew Krieger is an account supervisor at Ruder Finn Israel.