To: nick stalin who wrote (3242 ) 10/18/1999 9:15:00 AM From: swisstrader Read Replies (1) | Respond to of 5529
nick...I played JCDA based on the fact that they're a B2B enabler and the tech fever now in motion in Israel (see article below)...didn't move but an inch on Fri, but tough to compete agnst CYSV and "the woman"...right now, looking mighty cheap!...Jacada develops software that enables businesses to use existing host-centric software applications to conduct business over the Internet. By host-centric, they're talking about mainframe-based and state that some 70% of corporate data is still on mainframes. JCDA uses an example they gave at a recent road show and was their roll-out of a Java-based front end which allows Porsche NA dealers to access 8 different mainframe-based systems over the Internet. JCDA have some 124 employees, most in the US (based in Atlanta); 85% of revenues come from North America, 40% of revenues comes from OEM's, but are growing their direct sales force so this % will decline (because direct sales will increase more rapidly). 1st half revenues were $6.3 mill., up from $4 mill. in the first half of 1998. In Israel's High-Tech Hotbed, Check Point Casts a Long Shadow By Adam Lashinsky Silicon Valley Columnist 10/18/99 7:00 AM ET TEL AVIV -- Imagine you've just arrived in Silicon Valley from halfway around the world and you want to quickly take the pulse of the high-tech community. So you arrange back-to-back meetings with Jerry Yang, the young co-founder of Yahoo! (YHOO:Nasdaq), and Michael Moritz, the not-quite-as-young venture capitalist at Sequoia Capital who originally backed Yang's company. With allowances for differences in relative financial success, precise job descriptions and other important details, that's the effect I captured in my first two meetings in Israel last week, with Gil Shwed, president, CEO and co-founder of Check Point Software Technologies (CHKP:Nasdaq), and Nir Barkat, managing director of BRM Technologies, the VC firm that staked Check Point in its infancy. Shwed's story appears today, Barkat's will appear later. But first, why Israel? The answer is simple: After Silicon Valley, Israel easily is the most exciting market for technology investing in the world. And despite the distance from North America -- where every Israeli tech company that matters is listed on the Nasdaq -- Israel is like an all-American story. Its entrepreneurs, schooled in the Israeli military and in the country's first-rate engineering programs, are applying their knowledge from previous careers and building fast-growing companies. Some of the best ideas in Internet communications begin here, like the ICQ messaging service, which America Online (AOL:NYSE) bought, or DSP Communications (DSP:NYSE), which Intel (INTC:Nasdaq) last week agreed to buy for $1.6 billion. More, Silicon Valley's venture capitalists are combing Israel for their next investments, pumping up the confidence of start-up executives but threatening to crowd out the budding Israeli VC community. It's like a very distant Silicon Valley where everyone is one nationality, and nearly no one plans to sell products within their home market. Article continues...