Is the shake-out of the hi-tech and telecommunications sector over or will more companies issue profits warnings, unable to maintain the sort of growth they enjoyed at the peak of the boom?

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At the moment, downloading a song at hi-fi quality over the Internet can take several times as long as playing it, but a number of small companies have set up as online distributors, in the hope that Internet connections will get faster in the next few years.

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Just like modern hi-tech research revolutionised military operations over the last 50 years, we are going to see a new revolution, focusing on information operations and cyber warfare.

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Hi-tech firms flourishing, corporate headquarters from multinationals ticking over, hundreds of small enterprises struggling away.

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Over the past decade, ultra-Orthodox women have matriculated en masse in vocational schools that have trained them in hi-tech and other marketable professions and so enabled them to raise their families out of poverty.

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For example furniture exports growth rose to 46 percent year over year in September from 28 percent in August, footwear exports rose 10 percent from -3 percent, and hi-tech product exports growth climbed to 9.5 percent from 1.7 percent.

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Ofcom took over as the UK's media regulator in December, with responsibility for TV, radio, telephone and hi-tech communications.

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