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July 16th, 2007
Take, for instance, nanotechnology. The field has generated some buzz since 2002, but the actual idea of nanotechnology -- manipulating atoms and molecules to design new products -- was first conceived in 1959 by the famed physicist and Nobel Prize winner, Richard Feynman. But it wasn't until 1989 that two IBM (NYSE: IBM) researchers first manipulated individual atoms.
Since that time, the amount of progress in the field has been nothing short of phenomenal, and in just the past few months, both IBM and Hewlett-Packard (NYSE: HPQ) have commercialized legitimate nanotechnology products. Moreover, billionaire investor Wilbur Ross, who owns Nano-Tex, has publicly stated that he believes nanotechnology-enhanced textiles will be the basis of a $120 billion industry by 2012 -- up from $11 billion today.
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