IsraelNewsletter.com News Brief 7/15/08
Posted on Tuesday, July 15th, 2008 | In Current Market News, IsraelHas the massive shekel run finally come to an end? Deutsche Bank thinks so. Globes reports today that DB analysts think that the recently-announced 4-fold increase of dollar purchases (up to $100 million/day) by the Bank of Israel may be the proverbial top for the Israeli shekel, which has enjoyed a huge run against most of the world’s top currencies over the past couple of years. We’ve written voluminously on the shekel’s rise that’s even prompted certain Israeli hi-tech firms to offshore engineering work to the U.S. Globes also recently reported that wages of senior Israeli high tech managers are beginning to come under pressure.
With gas station managers in the U.S. rumaging through storage units due to a shortage of ‘4’s’ to display on their pumps, I wonder if Israeli gas station managers are having the same problem with ‘8’s’? Brutal.
The large multinational tech firms (and now consumer products firms) continue to use Israel as a R&D hub. Interesting historical view/story of Sun Microsystems Israel here. It’s part of a larger series done by Ayelet Noff on Israeli High Tech. Om Malik also shared his thoughts on a recent trip to Israel for the Israel 2008 conference here. VC Cafe’s Eze Vidra has a good article about Israeli firms receiving funding but fighting for survival here.
Tel Aviv Stock Exchange mulls change in market hours here.
Last 5 posts by Zack Miller
- Interview with Shai Wininger, Developer of Kotel Notes - June 19th, 2009
- Interview with Benzi Ronen, Co-Founder of Buddy Runner - June 3rd, 2009
- Israeli security showcased in Papal visit to Israel this week - May 11th, 2009
- What’s behind Sarah Lacy trash talking the Israeli VC scene - March 26th, 2009
- Israel oligarch illiquidity to threaten Israel economy? - March 26th, 2009
![]() About Zack Miller (http://israelnewsletter.com)
Zack embodies the nexus between asset management, equity research, and new internet distribution technologies. Previously, Zack was an analyst at Oasis Capital Management, a multinational, multi-strategy hedge fund. Zack’s area of expertise is discovering and analyzing undervalued technology stocks, particularly of small-cap companies. Zack holds an MBA from the Kellogg School of Management and a B.A. from Harvard University. |












