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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: High-Tech East who wrote (8734)9/30/2001 8:28:38 PM
From: XenaLives  Read Replies (1) of 19219
 
I think you may have underestimated the effect that biotechnology will have on the future.

Remember the old Rock Hudson/Doris Day movie about a computer that filled up the floor of a building?

That's where biotech is now. In ten years (because of shortened development curve) it could advance to a level of development that most people would not imagine.

In 1983 I heard a lecture on the potential of biotech on NPR. The speaker believed that biomanufacturing will in time supplant most of our current mechanical and chemical manufacturing processes.

Current manufacturing processes have toxic byproducts... biomanufacturing creates byproducts such as water, oxygen, carbon dioxide.

I also believe that within 10-20 years petroleum will be largely obsolete.

I believe that biotechnology will not only advance manufacturing processes - in time it will be the basis of the economy.

I believe that there will be a biological revolution that will dwarf the computer revolution - it will be on a cultural par with the industrial revolution.

Sorry if I seem like I'm on a soapbox here :)

I've been looking forward to this for almost 20 years now and I believe we are now on the threshold.

Peace,
Paula
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