EZchip Falls to Five-Month Low After U.S.-Traded Shares Tumble

EZchip Semiconductor Ltd. (EZCH), an Israeli developer of network processors, dropped to the lowest level in more than five months after shares fell in the U.S.

The shares declined 4.8 percent to 133.5 shekels, or the equivalent of $33.59, the lowest intraday level since Feb. 7, at the 10:24 a.m. in Tel Aviv. The New York-traded shares fell 4.3 percent to $33.74 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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