Nanotech Brings New Hope, and Hype, to Market

Wall Street specialists say the new technology could be a foundation for a new bull market.

Published: 13-Feb-2002

NEW YORK, Feb 12 (Reuters) - Ask an average investor about nanotechnology these days and you're likely to get little more than a blank stare.

But a growing number of Wall Street specialists say the new technology could be a foundation for a new bull market, just as personal computers, biotech and the Internet underpinned previous rallies. Others say the field is way too early for widespread investment and is already being over-hyped.

Nanotechnology, which is computer engineering on a molecular level, is starting to make big waves among venture capitalists looking for the next big money-spinner. Some claim it could dramatically advance high-tech fields like computing, biotech, fiber optics and a dozen others by making processes and materials faster, smaller and stronger.

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