Analysis In the Global High-tech Boxing Match, China Scores a Knockout

Recent layoffs at Israel's ECI telecommunication equipment manufacturer are a result of the arrogance the high-tech industry once had toward Chinese competitors. Now it's the West that can't compete.

In financial markets, a year seems like a long time. Because of this, it's easy to get preoccupied by short-term results. But in life, a year is actually pretty short. It can take many years to understand, in retrospect, the significance of our actions. Or lack of action.