Nanotech Index Down 4%

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The Edwards’ Real Nanotech Index was down over 4% last week, not a good showing at all. NVE Corp. was one of the major culprits; it had been on a roll on higher sales, but was clobbered by several shareholder lawsuits related to its MRAM claims. Both venture capital firms, Harris & Harris and Arrowhead Research were also down on the week. The winners in the index so far are the nanomaterials companies; all four are up, if only slightly, since the index was initiated. FEI Co. is also stronger.

Cambridge Display Technologies announced a $10 million profit today for last quarter but only through the sale of its share in Litrex, a commercial ink-jet printing company. Revenues were up 36% for the year, but operating earnings are still well in the red.