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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: nick stalin who wrote (19105)	10/18/1999 8:48:00 AM
From: swisstrader	Read Replies (1) \| Respond to of 108040

JCDA related story on why Israel=next Silicon Valley... 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...