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To: Johnny Canuck who wrote (38880)2/14/2003 10:50:09 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 71173
 
On February 11th, Berkshire Hathaway announced that it agreed to buy Burlington Industries, an ailing textile manufacturer languishing in Chapter 11 bankruptcy.

Why on earth would Warren Buffett spend more the $500 million on a long forgotten textile company?

The answer could lie in Burlington’s 51% ownership stake in a little known company called Nano-Tex, LLC. Using advanced molecular engineering Nano-Tex has invented a patented treatment for fabric called Nano-Care which makes liquids like wine, juice and oil roll off clothing as if it were coated with Teflon. The secret?

Nanotechnology.

Nanotechnology is the science of the small. In fact a nanometer is literally 1/75,000th the width of a human hair. This new technology allows us to literally build things like circuits and materials atom by atom. Over $2 billion will be spent on these technologies in 2003.

What’s the best way to learn about companies like Nano-Tex that are changing the world with exciting new products AND making money at the same time? By reading the Forbes/Wolfe Nanotech Report, (click below) the authoritative report on nanotechology for individual investors. If you had been a Forbes/Wolfe Nanotech Report subscriber, you would have first read about Burlington Industries’ 51% stake in Nano-Tex in June 2002. Almost nine months ago Forbes’ nanotech guru Josh Wolfe wrote how retailers like Eddie Bauer and Gap were already selling khakis and jeans with this super sealant.
forbes.com

Here at Forbes we believe that the secret to profitable investing is to identify the companies and the technologies that will drive future growth and profits. We fully expect our top holdings to DOMINATE this exciting new sector the same way Microsoft, Intel, and Cisco have dominated operating systems, microprocessors, and the Internet. And we take pride in identifying the nanotechnology leaders of tomorrow-- small companies with compelling technology and solid financials like Nano-Tex--and telling our readers about them long before they appear on most investors' radar screens.

If you would like more information about subscribing to the Forbes/Wolfe Nanotech Report and get more information about the 2 Free special reports now available on nanotech investing. Please click on the link below.

forbes.com