Magic, I.I.S., ECI make Forbes list. (Magic Software Enterprises, I.I.S. Intelligent Information Systems Ltd., ECI Telecom, Forbes list of 100 most successful small companies)

Israel Business Today, November, 1993

Three Israeli high-tech companies - Magic, I.I.S. and ECI Telecom - made Forbes magazine's November list of the 100 most successful small companies in the world. The Forbes article focused on companies with a turnover of up to $500 million a year, and based its selections on the companies' shares and recommendations by experts.

An official at Mashov Computers, the parent company of Magic Software Enterprises, expressed pride in the Forbes listing, saying it proved that Magic's efforts to penetrate the world software market are receiving the recognition they deserve.

Magic shares are trading at $16.50, down from $17 in January 1993.

I.I.S. shares are trading at $27.75, up. from $23.92 in January.