Daily roundup / EZchip stock drops as big client evaporates
Class action case again Africa Israel moves forward; Webstream again brings turbulence to Gilat; NICE has strong quarter but projects slowing.
EZchip stock plunges on loss of big client Huawei: EZchip stock plunged 25% during Wednesday night Nasdaq trading despite announcing that it beat forecasts in the fourth quarter of 2012. That's because along with its good results, it admitted to the loss of major clients. In the post-results conference call EZchip CEO Eli Fruchter said that two central customers are sharply scaling...
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