The Israeli IT Market q42010

(Graph above from Bank of Israel.... deviation from the trend ...State of the economy index)

As we forecasted previously Q32009 and the month of October were “terrible” for the Israeli IT vendor industry. If we also see the attached graph from Bank of Israel we can see that the same trend went through all industries.

look and download at:

http://www.slideshare.net/jimmyschwarzkopf/stki-2010-forecasts

We expect the last quarter to “really pickup” and show itself as the best quarter of 2009, not only because of seasonal purchases but also as a window for a much better 2010. 2010 will show 2 digit growth in nearly all IT vendor markets.