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Magal Security Systems (MAGS) Message Board

  • cp5198 cp5198 May 2, 2004 12:27 PM Flag

    MAGS 1 of 5 Co.'s mentioned by Governor

    Schwarzenegger. I guess the posters on Thursday were right, any of you shorts care to comment? (or apologize for calling posters liars?) adding 250 jobs to California is GREAT, must mean MAGS is getting new contracts with California....

    A quote from the Globe article....

    ...."Another cooperative venture mentioned by Schwarzenegger was with Israeli company Magal Security Systems (Nasdaq: MAGS; TASE: MAGS), which will entail expanding its business in California to include the sale of protective systems for buildings, airports, railway stations, and hospitals. This venture is expected to create 250 jobs in California."

    eom

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    • come on guys...

      when was the date of this article...

      if it's old news, it's worthless!

      anyone?

      Scott

      • 2 Replies to scott_in_vermont_usa
      • Most of these articles are May 1 & 2, 2004. FYI, Looks like recent news.

      • DUDE the date of the article is YESTERDAY

        5/1/2004

        read it again

        FOR IMMEDIATE RELEASE:
        May 1, 2004
        CONTACTS:
        Mark Mosher 415/812-7500
        MarkCapitolo 916/372-3729



        GOVERNOR SCHWARZENEGGER ENCOURAGES ISRAELI COMPANIES TO INVEST IN CALIFORNIA
        Governor announces five Israeli expansions totaling over 800 new California jobs

        TEL AVIV, ISRAEL � At a meeting in Tel Aviv, Israel today, California Governor Arnold Schwarzenegger introduced five Israeli companies with plans to create more than 800 new jobs in California and urged dozens of other Israeli corporate executives to invest and expand their businesses in the state.

        I promised I would travel the world to sell California and find employers to provide new jobs for Californians, Schwarzenegger told a group of more than 200 Israeli and American business leaders, venture capitalists and entrepreneurs at the Tel Aviv Hilton.

        Tonight, as part of my first trip abroad as California Governor, my message to Israel is that California is open for business. We have the best educated workforce, the perfect climate and now we have a government that is making it easier for you to do business in California.

        As evidence of the governor's commitment to helping companies around the world do business in California, he met with and introduced five Israeli firms that will expand in the Golden State, resulting in the creation of more than 800 new jobs.

        These five companies were identified by my jobs commission, which will help them clear the way for their expansions in California, Schwarzenegger said. I have no doubt these firms will profit from their commitment to our state and our workers, and that our state will prosper from their business.

        The five deals the governor announced are:
        The relocation of the worldwide headquarters of the IP storage networking company SANRAD from Tel Aviv to Alameda, California, creating 300 new jobs in Alameda;
        A partnership between Yokneam, Israel?s Arad Technologies and Sacramento, California's USCL Corp. to develop "smart" utility meters so business and residential ratepayers can monitor and control their own energy usage, resulting in 200 new jobs in the Sacramento area;
        An expansion of the Fremont, California operation of Israel's Magal Security Systems, where the company will hire 250 Californians to make and sell its high-tech monitors to protect public buildings, such as airports, train stations and hospitals;
        A partnership between Tel Aviv's Netline Communications Technologies (NCT) and Santa Cruz-based Life Safety Systems to design and assemble equipment that will protect our ground forces in Iraq with a jammer to prevent bombs from being triggered remotely by cell phones, bringing 60 new jobs to Santa Cruz; and
        The expansion of the Israeli Internet security firm ForeScout in San Mateo, where it will locate the control center for a new worldwide service to stop Internet hackers, adding 30 new jobs.

        In March, Governor Schwarzenegger announced the creation of his California Commission for Jobs & Economic Growth (www.4cajobs.com) to help him find companies interested in locating in California or at risk of leaving the state; identify legislative, regulatory and administrative barriers to hiring California workers; and market California products and destinations.

        Israel is one of the top three centers for high-technology research and development in the world, said commission co-chair Warren Hellman. Increasingly, Israeli companies are basing their sales, marketing and production operations in California.

    • re: you can just smell a contract coming

      Companies do not double their staff in this kind of economy without reason. I think the workforce expansion is very bullish for the company.

      The selloff, whether manipulative or just a return to earth, seems overdone.

      Thinking Mon, Tue will be very good.
      Expecting a good pop, possibly to 20ish

 
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