UNITED STATES SECURITIES AND EXCHANGE COMMISSION

             LITIGATION RELEASE NO.  15937  / October 16, 1998

    SECURITIES AND EXCHANGE COMMISSION v. HALTON TECHNOLOGIES LTD.
       No. 98-Civ-6634 (BSJ) (S.D.N.Y.) (September 18, 1998)

            COMMISSION ASKS COURT TO DISMISS COMPLAINT

Defendant Comes Forward, Produces Evidence and Explanation for Trading;
Consents to Cooperate in Investigation and to Court Jurisdiction

The Securities and Exchange Commission announced today that at the joint
request of the Commission and Halton Technologies Ltd. the Commission's
complaint against Halton was dismissed by the United States District
Court for the Southern District of New York.  The Commission filed the
Complaint on September 18, 1998.  The complaint alleged that Halton
engaged in illegal insider trading by purchasing a large number of
common stocks and call options of Teledata Communications Ltd., an
Israeli communications equipment manufacturer, shortly before the
September 16, 1998 public announcement that ADC Telecommunications Inc.,
a Minnesota corporation, intended to acquire Teledata.  At the time the
complaint was filed, the Court also granted the Commission's request for
a temporary restraining order which, among other things, prohibited
Halton from transferring the proceeds of the sales of Teledata
securities from its New York City brokerage account.  (Lit. Rel. No.
15893).

In its application for a temporary restraining order, the Commission
told the Court that "absent an immediate order freezing the account,
Halton will have little or no incentive to ever come forth or cooperate
with the Court or the Commission's investigation. . ."  Subsequent to
entry of the freeze order, Halton contacted the Commission staff,
identified its principal, offered to cooperate with the Commission's
investigation, produced documents requested by the Commission and
brought its principal and others involved in Halton's decision to
purchase Teledata securities to the United States to be deposed.  Halton
denied that it had any advance information that Teledata was to be
acquired by ADC.

The Commission staff reviewed the information provided by Halton and
other evidence acquired in its investigation and concluded that the
purposes of obtaining a temporary restraining order and asset freeze had
been met.  The Commission told the Court that, based on the state of the
evidence, including evidence produced by Halton, it is appropriate for
the Court to dismiss the complaint, without prejudice.  Halton
represented to the Court that it would continue to cooperate with the
Commission as the Commission continues its overall investigation of
trading in Teledata securities and that Halton will consent to the
jurisdiction of the Court for purposes of any action the Commission
might commence.