Powershares Lux Nanotech Performance (PXN)

Powershares Lux Nanotech Portfolio (PXN) is one of the few tradable ETF that tracks nanotechnology companies.

This year's performance has been negative, but this last week the stock recovered and is close to breaking above the 200 day moving average.

If the price closes above $17.50 we might finally reenter the positive trend for the next few months. It's one of the ETFs to closely follow for these next weeks:

First quantum computer

A company called D-Wave Systems plans to demonstrate the world's first quantum computer next week, according to EE Times. Nicknamed Orion, the system will be based on a "supercooled, superconducting niobium chip housing an array of 16 qubits [quantum bits]." Unlike quantum encryption or communication systems, Orion will be an actual quantum computer. It will reportedly be able to perform nondeterministic polynomial-complete problems in just a few cycles, compared to thousands of cycles for conventional computers.

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Nanotech Northern Europe 2007

This year's Nanotech Northern Europe (NTNE) conference and exhibition will be held in Helsinki, Finland, from 27 to 29 March.

NTNE is the region's largest nanotechnology event. The aim is to bring together the academic world and the nanotechnology industry in order to create a venue where the possibilities of nanotechnology business solutions are found.

NTNE 2007 enables partnering between key players in the field, from scientists and small innovative companies to global leaders and investors.

Key themes on the agenda this year are electronics and photonics solutions; nanomaterials; diagnostics and biomaterials and nanotechnology instruments and tools.

For more information, please visit:
http://www.nanotech.net/