& cplSiteName &

Watching Optibase

Ray Le Maistre

9:00 AM -- Video encoding equipment vendor Optibase Ltd. (Nasdaq: OBAS) has had a very interesting start to 2007.

First, it spent $16 million on a 23 percent stake in Scopus Video Networks (Nasdaq: SCOP), another video systems vendor that also sells encoding, decoding, and video gateway technology. Optibase CEO Tom Wyler described that move as "an attractive investment opportunity." (See Optibase Buys Scopus Stake.)

Then just yesterday (Monday) it announced a new deployment in Eastern Europe, which is slowly becoming fertile ground for a number of IPTV system hopefuls. (See Optibase Wins in Latvia and Iskratel Partners for IPTV Package.)

And today, Optibase's stock leapt by $0.53, more than 13 percent, to $4.50 in pre-market trading after it announced better than expected fourth-quarter financials, a "healthy backlog," and encouraging signs from carriers.

Though it's a small company -- 2006 revenues of $18 million -- the Israeli vendor operates in a growing market that's rife with acquisition activity. A company to watch in the coming months, methinks. (See Arris Pounces on Tandberg TV, Moto Taps Tut for $39M, and Will Harmonic Keep Singing Solo?)

— Ray Le Maistre, International News Editor, Light Reading

(0)  | 
Comment  | 
Print  | 
Related Stories
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
More Blogs from EuroBlog
Having taken a breather from its acquisition spree in the US, Zayo could kick-start some infrastructure consolidation action in Europe
Some good news for its Finnish parent – Nokia Siemens Networks is on a margin roll
Telefónica to boost its broadband lines in LatAm with DSL management the from ASSIA
According to the value of Nokia's takeover deal, Nokia Siemens Networks is worth less than $5B
As APAC and North America forge ahead, Europe seems stuck in yesteryear
Featured Video
Upcoming Live Events
December 3-5, 2019, Vienna, Austria
December 3, 2019, New York, New York
March 16-18, 2020, Embassy Suites, Denver, Colorado
May 18-20, 2020, Irving Convention Center, Dallas, TX
All Upcoming Live Events
Partner Perspectives - content from our sponsors
How China's 5G Launch Will Gear Up the Global 5G Industry
By Daisy Zhu, Head of Marketing Operations, Huawei Wireless Network
5G Business Case Revisited
By Hayim Porat, CTO, ECI
All Partner Perspectives