H-P Israel names new CFO; Tapuz signs cooperation agreement with Google

Closing out a year that saw some controversial management changes at H-P Israel, Hewlett-Packard's local subsidiary this week announced the appointment of Dror Abramov as its chief financial officer.

By AVI KRAWITZ
December 28, 2006 06:48
3 minute read.

 
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Closing out a year that saw some controversial management changes at H-P Israel, Hewlett-Packard's local subsidiary this week announced the appointment of Dror Abramov as its chief financial officer. Moving from his previous employment at Applied Materials, where he oversaw the finances of its operations in Israel and England, Abramov will be responsible for all financial matters at H-P Israel, including at subsidiaries Indigo, Scitex-Vision and Mercury. Earlier this year H-P's branch in Israel was embroiled in a scandal over a gray marketing affair, which led to the firing of the CEO Gil Rosenfeld and 13 other employees. Hebrew Internet portal Tapuz signed a cooperation agreement with Google to link the search engine giant's services to its site. Under the agreement, Tapuz will implement the beta version of Google's AdSense for Content program in Hebrew. The AdSense program automatically presents text notices applicable to interests generated by the site and on each of the Web-pages therein so that the surfer is channeled towards them. The service will be applied on blogs, communal rooms and in 1,200 forums that Tapuz hosts. A survey by research company Garter showed that organizations with more than $1 billion in revenue are planning to increase their IT spending by 2.8 percent in 2007. The forecast revises previous projections made in the first half of the year, which showed IT spending would grow 6% next year. According to the Gartner worldwide IT Benchmark Report, growth and transformation remain the top priorities for enterprises in 2007, but any new investments need to be funded by a significant reduction in existing "run-the-business" spending. To support these priorities, IT organizations will subsequently need to reduce their "run the business" budgets by nearly 5% in 2007, Gartner said. Herzliya-based digital video solutions provider Optibase said telephone service provider North Dakota Telephone Company (NDTC) selected its carrier-grade IPTV (Internet Protocol TV) streaming platform, MGW 5100, to deliver local television channels to its subscribers. Optibase said it was recommended by telecommunications consulting group CC&I Engineering for the project, which will deploy a multi-channel digital video and audio service to homes and residences in Devils Lake, North Dakota. NDTC serves approximately 18,000 lines in 25 exchanges in North Dakota. Wireless broadband solutions provider Alvarion has been chosen by Aircel Business Solutions (ABS), a subsidiary of Indian cellular service provider Aircel, to expand ABS's current network using BreezeMAX 3300 to deploy WiMAX networks across 50 cities in northern and Eastern India. Aircel currently has deployments in eight cities and is using BreezeMAX to overlay and expand its current broadband and cellular network infrastructure to offer affordable broadband data services to small and medium enterprise (SME) customers, the Tel Aviv-based company said. Alvarion's BreezeMAX 3300 is an extension of its WiMAX platform operating in 3.3GHz, the frequency band specifically licensed for WiMAX services in India. MobiMate has upgraded its WorldMate product to provide enhanced global weather coverage designed specially for the new Palm Treo 680 smartphone. The new version WorldMate 2007 Professional Edition continues the eight-year working relationship Lod-based MobiMate has had with Palm. D-Cure, a non-profit organization that promotes and funds scientific research in Israel, has partnered with the Juvenile Diabetes Research Foundation (JDRF) to fund up to $6 million in type-1 diabetes research in Israel. Network grants will be distributed to research teams led by Michael Walker of the Weizmann Institute, Shimon Efrat of Tel Aviv University, and Yuval Dor of Hebrew University Medical School, focusing on developing new therapeutics to prevent type 1 diabetes and restore normal blood sugar levels in patients with recent onset of the disease. Individual grants will be given to Howard Cedar of Hebrew University Medical School, who will focus on gene regulation during pancreas development, and Benjamin Geiger of the Weizmann Institute to develop high-throughput screens for genes and small molecules that either stop or slow beta cell death.

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