Edwards' Real Nanotech Index Rebounds

The Edwards’ Real Nanotech Index was up last week almost 3%. After 5 whole weeks of existence, the ERNI is now almost back to where it started from. The standout performances for the week came from nanomaterials maker Raymor, tools manufacturers Veeco and FEI and again the venture capital firms Harris & Harris and Arrowhead Research. On the other hand, Cambridge Display continues to slide and JMAR lost a little more of its miniscule capitalization.

Jack Uldritch, over at Motley Fool, relays the news that international chemical giant BASF is planning to invest $221 million over the next three years into nanotech research and development. BASF has also made a $4.9 billion dollar offer to acquire Engelhard [NYSE:EC], which has its own nanomaterials and nanoparticles program. Reading between the lines, these developments might be advantageous to Nanophase, for whom BASF is a major customer and business partner.



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Disclaimer and Disclosure: Inclusion in the Edwards' Real Nanotech Index does not constitute a "buy" recommendation. At any time, the author may have a long, short, or no position in any of the stocks contained therein.