During the week of October 26, 2008, news continued out of Israel of the first lay-offs resulting from the turning economy. While companies such as AmDocs and Delver announced cut people, Check Point asserted that though its customers were being affected by the economy, the information security company wasn’t at the moment impacted enough by it to need to let go of any of its employees. The threat of Israel’s universities not opening this year was solved when Olmert ordered a NIS 515 million budget hike. Of course, this wasn’t the only news coming out of Israel this past week. For the full 15 Israel-related technology headlines, check below.
Cleantech
1. LucidLogix raises $18 million for parallel graphics processing technology
2. The Inaugural Israel Cleantech Tour to Arrive in California
3. Israeli cleantech start-ups head to the US to seek investment
4. Argonaut Increases Renewable Energy Interests with SolarReserve
Investments
5. Is The VC Vault Closing for Cleantech?
6. VC Drought? 70 Million Exceptions To The Rule
7. TC50 DemoPit Company Joongel Nets Investment for Stealth Product
8. $5.5 Million BlackBerry Fund Invests In Future Mobile Harvest
Information Technology
9. Will nanotechnology take over IT security?
12. Check Point Software CEO sees no layoffs
Miscellaneous
13. Digital billboards get a little creepier
14. Mich. may be hot spot for Israeli businesses
15. Higher education crisis ends as Olmert orders NIS 515 million budget hike
About the author: Lisa Damast is the Membership Manager of ebizQ.net and currently resides in Israel. Any questions or inquiries regarding this blog or ebizQ membership services can be directed to her via email at ldamast (at) ebizq (dot) net. She can also be followed on Twitter, where she covers additional Israeli technology companies and Israel-related headlines and topics.
*About the Weekly Headlines image: The Star of David in the image was found on Flickr and is used under the Creative Commons license. It was originally uploaded by Flickr member, zeevveez. The overall Weekly Headlines image was designed by Lisa Damast.
