Nogatech has not yet announced how many shares it plans to sell or at what price. It expects this sector to grow and anticipates that it will make up the largest portion of its income. The company also sells to original equipment manufacturers who develop video devices that incorporate the chips. In a statement to the US Securities and Exchange Commission, Nogatech said it plans to use the money raised for working capital and other corporate purposes, but also to make company and product acquisitions. Nogatech has offices in Santa Clara, California, and in Kfar Sava.
Ownership is divided among a number of individuals and companies.
Previous Next Business MKs approve new rate system for Bezeq. More photos View 360 degrees shots from the holy places. Specials Send Flowers to Israel Send flowers to the ones you love in Israel. Go to our Travel Center. The Jerusalem Post - All rights reserved, Click here for feedback and comments.