EZchip Drops to Month Low, Closes Gap with U.S. Traded Shares

EZchip Semiconductor Ltd. (EZCH), an Israeli developer of network processors, dropped to the lowest in almost a month, closing the gap with the U.S.-traded stock.

The shares declined 4.9 percent to 139.2 shekels, or the equivalent of $35.09, the lowest since June 12, at 10:34 a.m. in Tel Aviv. The New York-traded shares fell 4.5 percent to $35.25 yesterday.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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