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March 31st, 2007
The vanguard of Oregon's nanotechnology industry was the state's best-performing stock in the first quarter. Shares of FEI Co. leapt 36.7 percent as the Hillsboro company shocked investors with unexpectedly strong sales and a profit surge.
FEI, which makes electronic instruments to study and repair tiny features within semiconductors, ended years of malaise in February when it reported 21 percent growth in quarterly sales and profits -- double what the market expected. Nanotechnology is one of the primary focuses of state economic development efforts, but it had showed little concrete financial traction until FEI's good results.
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