To paraphrase biblical lyrics of praise, My heart rejoiceth in high tech, mine horn is exalted in Waze. I take my hat off to the group of Sharon-based Israeli developers who came up with this modern-era navigation system. As the song ["Shir Hapatentim" composed by Haim Hefer, sung Uri Zohar] goes, the "Jewish mind fathers new patents." And this time around, it is not just another accomplishment but one that generates substantial revenue. Granted, some are withholding praise because for them jealousy trumps pride. Those who have tried and failed or those who invested money only to lose it, look on resentfully. But in the grand scheme of things, such a feat is heartwarming, and will likely embolden the dreamers and the high-tech entrepreneurs to try their luck. The race to the top is an excruciating journey. Everyone pays a price, but not everyone reaches their desired destination. But joy is all around when someone "makes it." The deal has yet to be penned, although according to the internet Waze's price tag stands at $1.3 billion. Had the government been able to rake-in such a figure, it would have been able to roll back some of the tax hikes it has recently introduced or drop some of the austerity measures in the draft state budget. But unfortunately governments worldwide are denied such luxuries. We now have to debate the future of Israel's high tech industry. This is where the fate of our economy and technological landscape may ultimately lie. Every few months we learn of some other invention that has been bought by a big, usually U.S.-based, corporation. While there is joy all around, the knowledge, the wisdom and the "patents" themselves all get shipped overseas when an Israeli company lands such a big success and cashes-out. Google reportedly promised to keep Waze's research and development center in Israel for the next three years. But what happens after that? Would the company's employees relocate to America in search of the big bucks? Will Indian and Pakistani developers hired by the U.S. bosses pick up where the Israelis left off, while their Israeli counterparts look on with envy? Gil Shwed, 45, founded Check Point Software Technologies and now has billions in his coffers. His Israeli enterprise was born in Israel, it is anchored here and it has been developed here. This is the template that should be followed. Shwed did not relinquish the project he and his friends had labored on in exchange for a stash of dollars. No one should be stopped on his or her track as they go about selling their inventions and other accomplishments to foreigners. Similarly, we should wholeheartedly embrace free trade that transcends national borders. But we should also discuss ways to encourage innovators to think not just about a fat check but also about establishing modern enterprises that last for generations to come. Waze should be commended. Its contribution to the Israeli economy and to the future generations of clever young Israelis is unquestionable. But people should seek to emulate Shwed and his likes, not Waze, for Check Point has helped the economy more.