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Magal Security Systems (MAGS) Message Board

  • yowzer919 yowzer919 Jun 16, 2002 4:52 AM Flag

    Fence Going Up Today !

    From Ha'aretz Daily, 6/16/02 :

    By Amos Harel, Jalal Bana and Nadav Shragai, Ha'aretz Correspondents and agencies

    Israel plans Sunday to begin erecting a security fence on its border with the West Bank to hinder violent attacks by Palestinian militants in Israel.

    The electronically monitored fence is to initially measure 130 kilometers, and the cost of each kilometer is estimated at $1 million.

    Bulldozers are already in place at the Salem checkpoint north of Jenin where construction will commence Sunday after injunctions appropriating land in the area were issued last Thursday.

    The fence will run from the Salem checkpoint in the north to Kfar Kassem in the south. Another stretch of fence is planned for the Jerusalem area. The project will be coordinated by Colonel Netzach Meshiach under the supervision of Defense Ministry Director-General Amos Yaron.

    "[The fence] will provide a defensive answer to the...infiltration of terrorists from Judea and Samaria into communities in Israel," Yaron told Israel Radio on Sunday morning.

    Defense sources welcomed the begining of work on the project. Several sources said, however, that the fence would already have been close to completion had Prime Minister Ariel Sharon and Defense Minister Benjamin Ben-Eliezer shown more interest in the project at an earlier stage.

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    • Sorry if I seemed arrogant in printing "The WHOLE Story."
      It is just that I think shareholders need to be aware that there is controversy within Israel over the Fence.

      You will also notice, I have taken away my "Strong Buy" for the time being.
      While I am not planning to sell my Magal Shares (I still think the stock price is likely to go way up if the internal political controversy within Israel does not cause the construction of the Fence to stop).

      I am just not sure I want to be making money because of other peoples' misery...

      DizzyCoffee

      • 2 Replies to dizzycoffee2000
      • The fence is a necessary security measure that could save countless lives. Of course it can't stop all of the attacks but it will certainly make it more difficult.

        Those opposed to it think it will turn into a permanent political border over time but I don't see it that way.

        You mentioned that you don't want to make money because of other peoples misery. Magal makes products which protect and safeguard lives, so you shouldn't lose any sleep over this one. They don't make bullets or cigarettes.

        Still no word from Magal on the extent of their involvment with the fence. If anyone has any specifics please post.

        Regards,

        Yowzer

      • Sorry, but there will be continued MISERY if a fence is not put up...at least until rockets are shot over the fence and bombs are used to blow up many sections of the fence...just what will the average Palestinian terrorist do with all those bombs when they can't get into Israel...besides attacking the settlements on the wrong side....they'll sit around all day making Large Explosives to destroy the fence...also the fence will make it more difficult for the IDF to get into the Pal. areas to find the asshole terrorists...Israel is dammed if they do and dammed if they don't...I REALLY wish I had a more positive outlook...

    • Sunday, June 16, 2002 Tamuz 6, 5762 Israel Time: 15:23 (GMT+3)

      Ministers clash as cabinet discusses security fence

      By Amos Harel, Jalal Bana and Nadav Shragai, Ha'aretz Correspondents and agencies

      At Sunday's cabinet meeting in Jerusalem, Prime Minister Ariel Sharon announced that the security cabinet would meet Wednesday to discuss the construction of the security fence along the border with the West Bank. Israel began erecting the fence on Sunday, to hinder violent attacks by Palestinian militants in Israel.

      The electronically monitored fence is to initially measure 130 kilometers, and the cost of each kilometer is estimated at $1 million.

      Bulldozers are already in place at the Salem checkpoint north of Jenin where construction commenced Sunday after injunctions appropriating land in the area were issued last Thursday.

      At the cabinet meeting, there was a sharp exchange of words between Industry and Trade Minister Dalia Itzik, one of the main proponents of the security fence, and National Religious Party chairman Effi Eitam.

      "You are being arrogant," Eitam told Itzik, "because this fence of yours is being built by your contractor - the defense minister. The meaning of the fence is a return to the 1967 borders, and the establishment of a national boundary."

      Itzik replied that, "you entered politics like some sort of Messiah, but we still have not heard any suggestion from you about how to stop terrorists entering Israel. The choice is a simple one: either we build a fence, or we continue to endanger the lives of Israelis."

      Fence to run from Kfar Kassem to Salem
      The fence will run from the Salem checkpoint in the north to Kfar Kassem in the south. Another stretch of fence is planned for the Jerusalem area. The project will be coordinated by Colonel Netzach Meshiach under the supervision of Defense Ministry Director-General Amos Yaron.

      "[The fence] will provide a defensive answer to the...infiltration of terrorists from Judea and Samaria into communities in Israel," Yaron told Israel Radio on Sunday morning.

      Defense sources welcomed the begining of work on the project. Several sources said, however, that the fence would already have been close to completion had Prime Minister Ariel Sharon and Defense Minister Benjamin Ben-Eliezer shown more interest in the project at an earlier stage.

      Several right-wing ministers led by National Religious Party chairman Effi Eitam plan to oppose commencement of work on the fence at Sunday's cabinet meeting.

      Eitam says that the cabinet has not held a serious discussion on the matter, and that the defense establishment has hidden the planned route of the fence from the ministers and the public.

      Right-wing Moledet faction chairman Binyamin Elon, in an interview Sunday to Army Radion, accused Sharon of deceiving the government and the Israeli people by building a fence. "He (Sharon) has joined the defeatists of the left and put an end to the possibility of our party returning to the government."

 
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