Shares in several European-listed Israeli technology stocks such as BATM, Visionix Keryx Biopharmaceuticals [KRX], Geo Interactive [GIM] (although up today due to the deal with Nokia, still far away from its average price) fell down as Israel geared up for early elections amid some of the worst violence between Israelis and Palestinians in over a decade...
Mosts analysts find Israeli economic fundementals strong and the companies have been well-praised so far...besides many of the Israeli tech company's do most of their business in Europe and the U.S. and therefore are more dependent on economic growth in those regions than at home...
I think they are therefore worth further research with a view to get in for mid to long term...
If you are interested, you may start with this article in todays FT: http://www.ftmarketwatch.com/news/story.asp?guid={4EBCC127-5007-4CA9-AA72-2A910DCAD0FA}
Mosts analysts find Israeli economic fundementals strong and the companies have been well-praised so far...besides many of the Israeli tech company's do most of their business in Europe and the U.S. and therefore are more dependent on economic growth in those regions than at home...
I think they are therefore worth further research with a view to get in for mid to long term...
If you are interested, you may start with this article in todays FT: http://www.ftmarketwatch.com/news/story.asp?guid={4EBCC127-5007-4CA9-AA72-2A910DCAD0FA}
