Optibase Buys American Company.(Viewgraphics Inc.)(Brief Article)(Statistical Data Included)

Optibase, continuing its drive to expand its product line and increase its growth, announced the purchase of the privately held American company -- Viewgraphics of California. Optibase listed on the Nasdaq Exchange develops applications for video compression, streaming and data transition. Although the company's financials and prospects have not changed for the worse. Optibase has seen its shares price sink on the Nasdaq Exchange by approximately 75 percent, from a high of $45.50 a share to about $10 a share now. With this acquisition the company may be in a better position now to