web analytics
September 3, 2015 / 19 Elul, 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
Sen. Tom Cotton (R-AK) and Israeli Prime Minister Benjamin Netanyahu, in Israel. Aug. 31, 2015.
Sen Cotton in Israel: ‘It Isn’t Over ‘Til the Votes are Counted’
Latest Blogs Stories
Doug Goldstein

Why is the study of demographics essential to predict the economy?

Seems Obama "Loved" Sderot when he was running to be Pres.

Jews & Israel will have a smaller role and value in the 2016 Pres. election campaign than in decades

obamatargetiran

No one wants war; sometimes there’s no choice. Sometimes it’s the lesser of 2 evils. US must prepare

Palestinians attack an Israeli soldier during clashes between Israeli security forces and Palestinian protesters, Aug28, 2015, in the West Bank village of Nabi Saleh near Ramallah.

Despite many IDF soldiers jailed for defending themselves, families say,”Rather jailed than dead.”

Why won’t the gov’t finally annex YESHA & Jordan Valley formalizing their status in State of Israel?

Both “Half-Shabbat” & R’ Yosef’s opinion champion an extreme. There most certainly is a happy medium

Trump’s slogan and story gives American restores hope to dream to: “Make America Great Again”

Is GDP outdated an measure of prosperity? Are there any alternative methods of assessing $ growth?

In their attack on Ban Ki Moon, Hamas admitted to committing a different war crime.

The ideal of Modern Orthodoxy should be not be viewed as a compromise the way most Charedim view it.

Israel shouldn’t rely on US; It has an awful record in protecting allies.

The Halacha of shmirat einayim (guarding one’s eyes) is incumbent on the MAN; it’s his obligation

Dem. presidential candidate Doug Shreffler talks about his campaign & its motto “as good as it gets”

I’ve decided to move away from my safety net-and I wouldn’t change that decision for anything.

Was “Jerusalem” the song Matisyahu planned to perform? It was the PERFECT response to BDS campaign

More Articles from Doug Goldstein, CFP®
Doug Goldstein

Why is the study of demographics essential to predict the economy?

Doug Goldstein

Is GDP outdated an measure of prosperity? Are there any alternative methods of assessing $ growth?

Dem. presidential candidate Doug Shreffler talks about his campaign & its motto “as good as it gets”

How does the Iranian deal affect anti-terrorist legislation adopted by a number of US states?

Why are wealthy people less likely to gossip? So if you get rich you’ll cut down on Lashon Hora!

What has made Israeli innovative startups world leaders in high tech?

Author Gail Reynolds offers great advice for Mom’s wanting to build a business around their families

How can you remove anxiety and worry from retirement planning?

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: