(Business Week) Neal Sandler - Israel's high-tech sector finally is emerging from a long financial drought. "There's a lot of talk about several of the major global technology players on the verge of cutting deals in the next few weeks," says Gilay Dolev, senior analyst at D&A High Tech Information Ltd., an industry-analysis firm based near Tel Aviv. Why the renewed interest in Israel? First, for a small country, Israel has lots of startups. And startups, unlike big Western tech giants, didn't have the luxury of cutting back research and development to get through the downturn. So the Israelis kept innovating even as the global tech industry swooned. Now there are lots of small survivors with leading-edge technology in areas such as Internet security, wireless broadband, and medical devices. No wonder acquisition activity is up by some 25% over the past year. Israel's tech exports surged 20% in the first six months of the year, to more than $6 billion.
2004-09-15 00:00:00Full ArticleBACK Visit the Daily Alert Archive