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Re: Israel,

A comprehensive review

“The bubble won’t be back”

The market's sane again, says Motorola's Elisha Yanay, who's set a $30 billion 5-year output target.

Hadas Manor 23 Oct 05 11:11

Motorola Israel general manager Elisha Yanay, who also serves as chairman of the Israel Association of Electronics and Information Industries, does not think that the bubble will return. He also thinks that Israeli high-tech will achieve 15% growth a year, and will double its activity within five years.
“The high-tech industry doesn’t disappoint,” said Yanay. “In 2005 it is returning to what it was in 2000, in other words, over $15.5 billion in output, including $13.5 billion in exports, and with an impressive growth rate of 15% and more. We can say with certainty that the potential exists, which is why we’ve set a target of $30 billion in output within five years. Israel’s domestic market, which is small, will continue to account for only $2-3 billion, so growth will come from exports.”

(#msg-8212593)

Regards,

Dubi