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Message: <br /><br /> If you are having trouble reading this email, you may view this article online at: http://www.jweekly.com/12812/full/12812/microsoft-buys-israeli-firm/ <br /><br /> <b>Microsoft buys Israeli firm</b> <br /> Friday, March 17, 2000 | by <p>JERUSALEM (JPS)—Microsoft has reached an agreement to acquire Peach Networks Ltd., a unit of the Haifa-based Elron group, whi </p> <br /><br /><p>Microsoft said Peach's technology would enable cable television operators to deliver content and services, including interactive services, Internet access, e-mail and instant messaging, to consumers over their existing network infrastructure.<br /><br /> Formed in 1998, Peach is based in Woburn, Mass., and is a wholly owned subsidiary of Peach Networks Ltd. of Or Yehuda.<br /><br /> In a related move, Microsoft is teaming up with Petach Tivka-based Gilat Satellite Networks Ltd. in a $50 million joint venture dubbed Gilat-To-Home, aimed at providing high-speed Internet access by satellite to remote areas.<br /><br /> The company said that Microsoft would own 26 percent of Gilat-To-Home while Gilat would hold another 35 percent. The company, which will be based in McLean, Va., is expected to begin providing service by the end of the year.<br /><br /> Gilat-To-Home hopes to build up a base of 2.7 million subscribers by 2005 and expects that satellite Internet service will be 10 times faster than personal computer modem speeds.</p> <p> </p>

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