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February 19th, 2007
There is a tendency to draw parallels between the current nanotechnology industry and the early days of the Internet, when the financial markets in general followed a blind pursuit of the latest dot-com initial public offering.
The final result was a top-heavy technology sector and Nasdaq Composite Index market bubble that left many investors holding pricey shares in companies that turned out to be more like concepts than actual businesses.
Although the cutting-edge nature and growing enthusiasm surrounding nanotechnology today might be starting on a path similar to that of the tech sector in the 1990s, the comparisons between the two ends there, according to Andrew Braswell, an equity analyst at Newbridge Securities Corp. in Fort Lauderdale, Fla.
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