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February 10th, 2005
Last year was a year of mixed blessings for nanotechnology. The year started out on a high note after President George W. Bush signed a $3.7 billion nanotech bill. That sent most nano stocks to even frothier levels. Nanoscience made exceptional progress in 2004, as well. Perhaps the most important advance was Infineon's creation of the smallest nanotube transistor.
But while the world's largest corporations flock to nanotech and research and design continues, several catalysts that investors expected would drive asset prices higher fell through. Most notably, Nanosys' expected IPO in August was cancelled.
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