Shares digital

The announcement of a first dividend payment since 1999 is a sign of burgeoning confidence at broadband telecommunications equipment expert BATM Advanced Communications (BVC).

A net cash pile of $64.8 million, breakthrough orders in Japan and Europe with telecoms giants NTT (NTT:NYSE) and Deutsche Telekom (DT:GDAX) and enhanced software products all mean the Israeli firm enters 2008 in good shape.

‘Despite the situation in the financial markets, we think we can be pretty optimistic for this year,’ says chief executive officer Dr. Zvi Marom.

Shares in BATM rose 12% to 39.5p on news of the dividend – their highest level since 2002.

Shares says: Years of hard work are finally bearing fruit.

by: Russ Mould