Some of the high-tech giants of the past in Israel are now not doing so well. Scitex Corp., who established a worldwide reputation as manufacturers of computerised printing equipment, is now reorganising, including closing offices and releasing staff. The multimedia content industry, which has been rapidly growing over the last few years, appears to have over-reached itself and has now fallen on hard times. It is said that some obvious lessons had not been learned, such as having to spend twice as much on marketing than you do on product development, sometimes a hard lesson for engineers to learn. But optimism remains.
People work all night long.
At the National Host Forum meeting in Dublin in September, the National Host of Israel and its official representative Ms Caldararu were welcomed to the Forum. Bezeq has established a highly-advanced network infrastructure. Bezeq also plays an active role in other countries and is participating in telecommunication ventures in India and Thailand. Bezeq is a leading player in the Israeli communication market but is being forced to fend off an increasing number of private competitors. The first taste of competition in the mobile phone sector started in December 1994.