Tao Tsuot continues investment in Scailex

By Lisa Kerner

Charlotte, N.C., Sept. 18 - Shareholders led by Tao Tsuot Ltd. bought 503,270 shares of Scailex Corp. stock between Aug. 12 and Sept. 11 priced from $7.88 to $8.65 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 7,363,181 shares, or 19.297%, of the Tel Aviv-based digital systems development company.

Tao Tsuot reported owning 6,859,911 shares, or 17.97%, of Scailex on Aug. 9. From March 1 through March 31 of 2007, Tao Tsuot-led shareholders purchased 625,125 shares of the company's stock priced from $8.04 to $8.57 each. At that time, the investors reported ownership of 5,603,071 shares, or 14.72% of the company's outstanding stock.

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