Tag Archives: USA

Oil and Technology What Makes the World Go Round

Being both an oil trader and financier and tech investor, I am frequently asked about my general views on the oil and tech sectors at large given the ever changing financial and political disturbances out there.
Well for a start, you might think that tech is today in a bubble as a company whose sole product is a photo sharing app in which the pictures get deleted after they are shared just turned down $3 billion.

Maybe…. But the reality is that even if there is a bubble in the making there are really no consequences. Unlike the late 90s, technology is now established. If one company blows up, other entrepreneurs will start a new one or join someone else. So If you really think about it, the cost of failure has never been so low, ever.

By the same token, and for the sake of argument, I don’t think that the tech and software sector is even close to eating the world.
Take a look at the Fortune 500 2013 – Fortune on CNNMoney.com.  There are hardly any software companies on there. Google is #55 with a $52.2B in annual revenue. Facebook is barely hanging on at #482 with $5.1B in revenue.  The largest electronics company is Apple at #6 with $156.5B in revenue. The second largest is Hewlett-Packard at #15 with $120.4B.

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Ziad K Abdelnour

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The Israeli Hi-tech Experience and what we should all learn from it

Israeli hi-tech experience

the 1990s, Israel emerged as a leading center for technology start-ups and innovation.

In the 1990s, Israel emerged as a leading center for technology start-ups and innovation. In 2000, near the peak of the high-tech boom, Israel had 4000 high-tech firms and new ones were forming at the rate of about 500 start-ups per year.

Today, out of the 101 companies trading on NASDAQ; 63 of them are registered in Israel; a stunning number indeed for a country with a population of only seven million people, the size of Rhode Island and the population of New Jersey.

And the story doesn’t stop here.

The Israeli high-tech industry boasts today 43 of the 50 leading technology giants in the world; all with cutting-edge R&D centers.  Scientific American’s list of ’50 Research Leaders’ include three Israeli scientists. Notwithstanding the fact that S&P credit rating for Israel is still AA – amid a still shaky global environment – , four Israelis have been awarded the Nobel Prize and Israel tech investments have produced consistent and significant returns which only continue to climb.

So the question is: What makes Israeli technology companies so unique?

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Thank you

Ziad K Abdelnour