""A billion people have mobile telephones, and the number will reach two to three billion within five years. Just the devices that will be purchased in the next three to four years will generate a trillion dollars in revenue," Kalish predicted. He said the same thing was true in consumer electronics, and in what is being referred to as the digital home. The fourth field he mentioned, which he claimed was being undervalued, was homeland security tools for fighting terrorism, which would include the development of new technologies."

"Kalish said the Israeli venture capital funds' biggest problem was fear of a bubble market. "More so in Israel than in the US, the venture capital community has lost its self-confidence. The funds are investing only in tandem, and only in things with which they are very familiar. Unconventional investments alarm them. When you invest in the same thing as everyone else, it's no longer so worthwhile," Kalish asserted. "