Kat,
"""Investment in technology will be weak for the next five years, he predicted, but it will return"""
The market is always a technology driven market, During the automotive technology market there were more than 350 car companies listed on the NYSE. there was also the railroad technology market with scores of RR stocks. Electric light tech. Computer tech. Cell phone, and fibre optic.
The next tech market will be biotech. These stocks have had a run in the past and many have dropped out. The sector pulled back with the rest of the market but the "Slicon tech" won't get back to previous levels for the most part.
The biotech stock will recover and go beyond their previous levels. The biotech sector is where the computer sector was in 1970. Biotech has sorted it out with the mapping of the human genome (HGSI) Drug development is on fast track due to insilico analysis rather than wet lab. One company can do two years of research in 24 hours using the largest research computer ever installed and speed idea to product from 15 years to five years, (VRTX). Cost is cut from billions to 1/2 billion. Another company has developed computer programs to speed development and is licensing their technology to other companies to speed up their work. (ORCH). Another company makes gene chips that will be used in the Dr. office to diagnose a disease in 20 minutes rather than four days with the Affymetrix system that is only 70% accurate. The company that I am talking about is 100% accurate and the test and test equipment are dirt cheap. AFFX will be the research lab machine but to make money your equipment must be used on patients, that's where the real money is. I haven't built my position yet so you figure out who it is. Just imagine, your kid is sick and you stick a gene chip in her mouth for a saliva sample and 20 minutes later you know if it's a trip to the emergency room, the Dr's office or the drug store. There is a gene chip on the market already that sells millions to determine pregnancy. Another company (PDLI) is developing "smart bombs" to target the cells that are causing the problems rather than all cells of a certain type. Imagine a cancer small molecule drug that kills only the cancer cells rather than all the fast growing cells. It doesn't kill your hair and finger nails, just your cancer and no radiation treatments are necessary. This is the new technology made possible by the mapping of the human genome. We can sit around all pissed off and lament about our favorite tech stocks or we can move to the new tech stocks, biotech. It's not just medical tech, its industrial and agricultural tech. How about a gene technology that will eat poluting PCB's? Or gene tech that makes plastic from corn that bio degrades in the land fill instead of lasting for hundreds of years, that one is here now and soon your clothes will be made from it rather than oil.
The old technology? I got out a long time ago and have been sitting in REIT's for the last year and a half with a 50%+ gain. Now that a bottom appears to be in place it's time for action.
The next QCOM isn't a telecom stock, it's VRTX, they are raiding the top bio labs in Cambridge looking for employees.
"""Investment in technology will be weak for the next five years, he predicted, but it will return"""
It's here now and it's called biotech.
There is even a treatment called tissue replacement that will grow new body parts. Just imagine growing a new breast. This will be a huge commercial success because if a women can grow another breast then you know men will need another hand.
cdaiseyPhD@bioinformatics.com |
