Israeli shares on Wall Street traded mixed throughout Tuesday's session. The stocks appeared unaffected by early election results from Israel showing a landslide prime ministerial victory for right-wing Israeli Likud leader Ariel Sharon. TV exit polls show Sharon received 59.5% of the vote, as compared with 40.5% for incumbent Ehud Barak, who has since announced his resignation from Parliament, and as the leader of the Labor party.

The Nasdaq closed up 0.81% to 2,664.5 points, but the Dow Jones closed down 0.08% t0 10,957.36 points.

Trade volumes in Israeli stocks were relatively low.

CommTouch Software

(Nasdaq:CTCH) closed unchanged on a turnover 25 times lower than its average volume of trade.

But big-cap companies lost ground.

Mercury Interactive

(Nasdaq:MERQ) fell 2.4%,

Amdocs

(NYSE:DOX) dropped 2.9% and

Comverse Technology

(Nasdaq:CMVT) shed 3.1%.

RADVision

(Nasdaq:RVSN) plunged 20.7% to $11.2. Before today's fall, the shares had lost an aggregate of 77% since their peak. The company released its results for Q4, 2000 before today's opening. The firm beat analyst forecasts with an EPS of 10 cents against analyst forecasts of 9 cents per share. It also beat sales forecasts, but its sales projection for 2001 is much less promising than originally expected.

RADVision specializes in IP-based video and voice systems. The company's sales in 2000 reached $45.9 million. The firm's management admits that demand for its products in 2001 is far lower than expected and projects sales will grow by only 50% to $68.9 million. This is bad news for investors and analysts who had forecast that the company's sales in 2001 would reach $86.9 million.

The market forecasts on RADVision's 2001 earnings were $18 million or EPS of 81 cents. RADVision CFO David Seligman today said that the company's EPS this year will come to just 40 cents and that in the first quarter of 2001 the company's earnings will come to $1.9 million or $9 per share.

Radware

(Nasdaq:RDWR), another company in the RAD-Binat group, also lost ground. Its shares fell 5.1% to $20.8 on a relatively high turnover, despite its having released good results for Q4 of 2000. Radware's revenues hit a record of $12.3 million, which is 145% higher than its revenues in the fourth quarter of 1999, and 10.8% more than in its third quarter of 2000.

The company announced that it is not slashing its 2001 forecasts, but is instead leaving them unchanged at $54 million to $59 million, projecting a 45% annual growth. The company's earnings forecast is in the range of $45 million to $49 million, in line with analyst forecasts. Its sales forecasts for the first quarter of 2001 is in the range of $12.5 million to $13 million or an EPS of 10 cents. The price of shares today extrapolates to a multiple of 40 based on earnings forecasts for the coming year. This is considered a high multiple.

Vyyo

(Nasdaq:VYYO) added 12.5% to $11.2 on a relatively low turnover.

Today's losers include Tioga Technologies (Nasdaq:TIGA), which fell 6.6% to $2.6. The company is to release its financial results for the fourth quarter of 2000 after today's market close.

Orckit Communications

(Nasdaq:ORCT) lost 8.3% to $2.7. Tioga and Orckit shares have each added an aggregate of 47% since their record low.

Gilat Communications

(Nasdaq:GICOF) dropped 7.3% to $3.2, and

Internet Gold-Golden Lines

(Nasdaq:IGLD) shed 7.7% to $2.2.