Merrill Lynch Creates 'Nanotech Index' To Track Evolving Industry; Index Includes U.S. Shares, ADRs; American Stock Exchange Will Quote Measure Intraday
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Here Comes Nanotechnology
We believe nanotechnology could be the next growth
innovation, similar in importance to information
technology over the past 50 years. Nanotech is the science
of fabricating things smaller than 100 nanometers (a
nanometer is one-billionth of a meter). Like the Internet,
nanotech risks being overhyped. But unlike the Internet,
there are intellectual property and patent barriers to entry
but low barriers to adoption. Nanotech is real—the
questions generally are when, not if. Nanotech is not a
separate industry, but an approach applied to multiple
disciplines (chemistry, biology, etc.).
We believe nanotechnology is the next logical step in
miniaturization. At 100 nanometers classical gives way to
quantum physics. Building at the nanoscale enables new
interactions in materials, semiconductors, and biological
agents. The new scale allows manipulation on the cellar
level, which should enable new discoveries in
pharmaceuticals, biodefense, and healthcare. The National
Science Foundation (NSF) sees a potential market totaling
$1 trillion in the next 10-12 years as outlined in Table 1.
Table 2: Index Constituents (3/19/04) Company Ticker Speciality Market Cap ($M)
Amcol International ACO Materials 486
Applied Films AFCO Materials 470
Altair Nanotechnologies ALTI Materials 95
Biosante Pharmaceuticals BPA Nano Biotech 66
Caliper Life Sciences CALP Instrumentation 187 <--nanosys execs come from caliper, they must have something
Cabot Microelectronics CCMP Materials 1,052
Emcore EMKR Semiconductors 160
FEI FEIC Instrumentation 704
Flamel Technologies FLML Materials 477
Headwaters HDWR Energy 752
JMAR Tech JMAR Semiconductors 63
MTS Systems MTSC Instrumentation 554
Nanometrics NANO Instrumentation 187
Nanophase Technologies NANX Materials 143
Nanogen NGEN Nano Biotech 189
NVE Corp NVEC Intellectual Property 208
Universal Display PANL Imaging 287
Pharmacopeia ACCL Nano Biotech 472
SkyePharma SKYE Nano Biotech 739
Symyx Technologies SMMX Materials 881
Three-Five Systems TFS Imaging 125
Harris & Harris TINY Venture Capital 187
Ultratech UTEK Semiconductors 506
Veeco Instruments VECO Instrumentation 757
Westaim WEDX Venture Capital 175
cwes01.com
(this is the prospectus) |
