Sunday, October 30, 2005

Nanotechnology Markets

The nanotechnology sector continues to grow faster, even if it's just an increase on R&D spending, but at least we aren't seeing too much venture capital being spent like we saw back in 99 with the dotcom bubble.

Let's hope we see some serious research from the serious money these companies are receiving.

Nanotechnology market expected to surpass $1,000 billion by end 2010
To facilitate R&D, government has increased nanotechnology spending to over $3 billion per annum. At the same time, the venture capitalists have also increased their investments six times over the previous two years. For instance, companies like Intel [profile], IBM [profile], DuPont [profile], 3M [profile], General Electric [profile], Samsung [profile] and Hitachi [profile] have spent $3.8 billion in 2004. This has been divided into 46% by nanotechnology companies in North America, 36% by Asian companies, 17% by European companies and about 1% by rest of the world. The National Nanotechnology Initiative has declared a fund of $982 million for nanotechnology R&D for 2006.

Foresight Nanotech Institute Launches Nanotechnology Roadmap

The Index is back into an uptrend and the last two days were correction moves that could signal a good reentry point for longterm longs.
Nanovax is looking much less overbought now, it closed above the 5 Dollar mark this week but it's trading below $4 now.

Remember that there's a Fed interest rate decision on November 1 and possibly some gains while we are leaving a typically troubled month like October.


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