web analytics
July 29, 2015 / 13 Av, 5775
At a Glance
Blogs
Sponsored Post


IBM and the Israeli Dream

Former CEO of IBM Israel Meir Nissensohn.

Former CEO of IBM Israel Meir Nissensohn.

Since gaining independence in 1948, Israel’s economy has flourished. Apart from making the desert bloom, Israeli technology and knowhow have transformed the modern world.

From the discovery of quasi-crystals to the invention of the world’s smallest video camera, to the development of the drug Copaxone to treat multiple sclerosis to the invention of the USB, Israeli technology is everywhere.

Many global companies and businesses have seen the potential of using Israeli labor and technology. The first of these was IBM, which established itself in Israel in 1949. Recently, I interviewed Meir Nissensohn, former CEO of IBM Israel, on The Goldstein on Gelt Show to find out what originally brought the company to the Israel and what Israel can offer to investors today.

Meir Nissensohn explained that the Israeli government first invited IBM to Israel to conduct a census. “After being here, they saw the potential of the young country and decided to stay,” he told me. Evidently, IBM is happy with the decision and it is still a big player here today.

When I asked Nissensohn about “brain drain,” when Israeli knowhow is used to bring profits to foreign companies, he told me that Israeli technology and the marketing leverage of a multinational enterprise can be a winning combination. Citing the example of IBM’s Global Technology Unit, he said, “IBM has got the need and the market reach. If we go to the market together, this is going to be a win-win. One plus one is going to be not three or four, but 10.”

The story of IBM in Israel and the development of Israeli knowhow and technology is clearly a happy one. Motorola, Intel, and other global leaders have followed the same lead, and hopefully other international corporations will follow suit. Of course, we can’t omit the many Israeli start-ups that have also boosted Israel’s economy.

We hope that the story of IBM and all of the other companies will continue to show the success of the Israeli dream onwards and into the future.

If you would like to hear more of what Meir Nissensohn has to say about IBM and the Israeli economy watch the video below, or download the podcast.


About the Author: Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm located in Jerusalem. He specializes in working with clients who live outside of the United States and want to maintain a U.S. brokerage account. Doug’s newest book, co-authored with Susan Polgar, about how using chess strategies to improve your finances, Rich As A King can be purchased at www.richasaking.com. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at doug@profile-financial.com

The author's opinion does not necessarily reflect the opinion of The Jewish Press.

If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

One Response to “IBM and the Israeli Dream”

  1. Walter Stolz says:

    the world cannot forsake Israel.Much of the new technology comes from Israel.

Comments are closed.

Current Top Story
Jews pray near Israeli security forces at Beit El.
Traumatized Jews Battle Israeli Forces, Old Nightmares in Samaria
Latest Blogs Stories
palestinian children songs

Amongst the Palestinians (sic) what is promoted and praised for its young people? Terror & martyrdom

Peres' 90th Birthday

“If you can’t negotiate with your enemy, why negotiate at all?” Great sound bite. The press loved it

Woman_rabbi

The phenomenon pushing limits of Orthodoxy to the extreme left has no chance of becoming mainstream

Doug Goldstein

Discussing, what should you do if you are feeling overstressed in your job and are tempted to quit?

Considering Esther Pollard’s group mismanaged his case, Pollard’s chances of parole are slim

Detention Camps for US Jews? Sounds farfetched but it did to Japanese-Americans during WW II as well

We asked the soldiers, what will you tell your children you did during the Disengagement?

The Arab terrorist murderer who murdered Malachi Rosenfeld,(HY”D)last month, was an American citizen

The “Stop Iran” rally was a voice of sanity coming from the American people, and directed at Senator Chuck Schumer who holds the keys…

Shalit Deal advocates: “Israel must do whatever it takes” to free Gilad; This proved deadly nonsense

Learn how modern technology can be used to foster personal development in life as well as in finance

Dear CNN: When hypocrisy rules a media outlet, its mandate to call what they do “journalism” expires

With it seems more lives than a cat, I now recognize Hasgacha Pratis is HaShem’s involvement in life

There needs to be clarity about what is & isn’t acceptable in Orthodoxy; That should be the debate.

Obama, Kerry etc are promoting their “deal” like it’s the genuine article, not a cheap “knock-off”

Tony Stubblebine, founder of Coach.me, shares tips on translating desire for change into action

More Articles from Doug Goldstein, CFP®
Doug Goldstein

Discussing, what should you do if you are feeling overstressed in your job and are tempted to quit?

Doug Goldstein

Learn how modern technology can be used to foster personal development in life as well as in finance

Tony Stubblebine, founder of Coach.me, shares tips on translating desire for change into action

Talking about the best ways to give financial advice. Is “storytelling” helpful?

How can you get people motivated in the right way? Discover effective techniques right here.

Learn how discipline helps you reach your potential and the role good habits play in being a leader.

Breakthrough adapts insulin to be taken as a pill instead of shot. Can it be applied to other meds?

What is human chess? How easy is it to predict the actions of others?

Printed from: http://www.jewishpress.com/blogs/goldstein-on-gelt/ibm-and-the-israeli-dream/2013/07/04/

Scan this QR code to visit this page online: