Rail Vision Ltd (RVSN): >>Sabine Zindera, a VP in communic...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	144
Posts	27620
Boards Moderated	3
Alias Born	02/07/2004

midastouch017

Re: ddbl_our_buck post# 40

Saturday, 03/04/2006 5:09:41 AM

Saturday, March 04, 2006 5:09:41 AM

>>Sabine Zindera, a VP in communications at Siemens' (SI:NYSE ADR - commentary - research - Cramer's Take) investment fund, Siemens Venture Capital, says that roughly 20% of the 700 million-euro fund portfolio is composed of Israeli companies.

"Israel has, besides the U.S., one of the strongest entrepreneurial cultures in the world," Zindera says. "It is ranked as one of the hot spots of innovation."

To date, Siemens invested in 10 Israeli start-ups, and is "actively looking for interesting deals that fall into our investment focus. Our plan is to complete at least two to three deals within the next 12 months," Zindera said. "The first one will be announced in the next two weeks."

Siemens also searched for companies in broadband access, voice-over-Internet protocol, optical technology, mobile device technology, imaging software and nanotechnology.

Siemens previously invested in the wireless broadband company Alvarion (ALVR:Nasdaq - commentary - research - Cramer's Take) and Radvision (RSVN:Nasdaq - commentary - research - Cramer's Take), a maker of video-conferencing solutions. >>

(#msg-10000800)

Dubi