012.Smile (SMLC): “The firm noted that revenue decline reflects a significant year-over-year decline in revenues from hubbing services and a 14% year-over-year decline in the average shekel-dollar exchange rate.” (see article here). Earnings release here. See what IOI has written about SMLC and why some asset managers think it’s cheap.

Voltaire (VOLT): Stock up over 25% this week. Company reported earnings the market liked yesterday. Revenues are up, earnings are up, and margins up a lot. Earnings release here.

Answers.com (ANSW): Stock down big this week off of earnings expectations. They didn’t look too good. Earnings release here. Answers took a $2.0M charge on terminating the Dictionary.com acquisition. Traffic was down sequentially to Answers.com while WikiAnswers seems to be chugging along nicely.

Zoran (ZRAN): IOI Portfolio Member Zoran gets an upgrade from PiperJaffray. The banking firm “predicts Zoran’s growth will bottom out in the second quarter and then rebound as consumers transition to high-definition DVD players and sales of its chips and other products climb.” See our coverage of the firm here.

Ormat (ORA): Israeli geothermal player, Ormat, sells 3M shares this week in a block trade to Lehman Brothers.

NICE (NICE): Anti-rogue trader product unveiled by Israeli security play, NICE.  NICE’s Actimize unit is a leader in employee fraud detection and trading surveillance systems at large global firms and is rumored to have detected the massive fraud at Societe Generale.  See what we wrote about NICE recently. NICE reports on May 14th.