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January 21st, 2005
Nano World: Nanotech needs wiser investing
Many of the world's largest corporations are failing to invest wisely in nanotechnology research and development, and experts think the consequences of falling behind might range in the billions of dollars.
"The threat for not having a coordinated nanotech effort is missed opportunities, and having your competitors get there first and eating your lunch," Lux Research vice president Matthew Nordan told UPI's Nano World. "Toshiba could see its $1.8 billion in annual flash-memory sales displaced by nano-enabled alternatives, and nano-fabric treatments could erode the 29 percent of revenue that (Procter & Gamble) earns from fabric and home care products."
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