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Andrew T. Gillies is Director of Communications at the Center for Audit Quality, an affiliate of the American Institute of CPAs, in Washington, DC. Based in Washington since 2002, he has also worked in editorial and communications roles at the Investment Company Institute, the World Bank, Forbes, and Vault.com. His policy-themed writing has focused on aerospace and defense, energy and environment, transportation, and financial services.

Thursday, July 07, 2005

Israel: Near-Peace Dividend

In early June, Shopping.com shareholders enjoyed a 19% pop in the value of their holdings when eBay said it would buy the Israeli online comparison shopping service. Robert Goldman, chief investment officer at Banneker Capital Management, says that isn't unusual for Israeli companies.

"They tend to dominate a specific area," explains Goldman, who also oversees investment for the Blue & White Fund, a mutual fund devoted to investing in Israeli stocks. And once Israeli outfits reach a certain size and mastery of their niche, he argues, bigger buyers often come calling.

Full story at Forbes.com