Monday Morning Drab

Gloomy drizzly day here in Tennessee. Monday morning draggin' in. We're out of coffee. So here's a short post before I go shopping.

More on Micromem

Blog reader Brian points out that I erred in my previous post on Micromem, the Canadian company that is developing MRAM. The lead scientist's name is Harry Ruda, not Henry Ruda. My apologies to Dr. Ruda.

Brian also points out that the company's shortage of funds "has never been a problem in the past. They always raise the needed funds (mostly through the exercise of options and private placements). Ther burn rate is small, due to the joint funding of their research with the OCE (Ontario Center of Excellence) and the work being carried out by the University of Toronto. "

Point taken, but then the company can hardly do a public secondary offering with its stock price hovering at 47 cents. I imagine they will succeed with their financing strategy right up to the point that they don't. I have seen a lot of companies with good technology fail due to undercapitalization.

Nanotech Index Up Slightly





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The Edwards' Real Nanotech Index was up slightly on the week, in a rather uninspiring performance. The closest thing to a trend was the rebound in the venture capital firms, Harris & Harris and Arrowhead Research.

Meanwhile, Nanotechnology.com has released its own proprietary Small Technology Index. The component companies are: Accelrys, Advanced Magnetics, Affymetrix, Agilent, American Pharmaceutical Partners, ANSYS, Applied Films, Cabot Microelectronics, Caliper Life Sciences, Cambridge Display Technology, Cepheid, Chartered Semiconductor, Coherent, Elan, FEI Company, Flamel Technologies, FormFactor, Freescale, Harris & Harris Group, Ilumina, Kopin, Luminex, MTS Systems, Nanophase Technologies, NUCRYST Pharmaceuticals, pSivida Limited, Symyx Technologies, Tessera Technologies, Veeco Instruments and Xilinx. Obviously, there is a lot of overlap with the Edwards' index, but since they do not limit their index strictly to nanotechnology, Darrell and friends have a larger universe of stocks to choose from.