Word: biotech
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SMITH: The beginning part of the recovery has tracked what you would have thought. Aggressive-growth companies have done well: biotech, semiconductor companies, Internet companies--stocks you thought were going to go out of business. And so have big companies whose stock has come down dramatically, like EMC and Ericsson. Now it's a more level playing field, and the premium for quality companies over average companies is very small. So I think you would want to buy quality. You'd rather buy Wal-Mart, vs. J.C. Penney or Dell, vs. Hewlett-Packard...
...past year-and-a-half, two main scenarios have been on the table—a graduate school campus anchored by the Harvard Law School (HLS) or a science hub with possible tie-ins to commercial biotech...
...plan focusing on science, which comes after the culmination of various reports from McKinsey, the UPPC, HLS and faculty committees, may be based on President Summers’ dream of an expanded biotech campus, but also on practical considerations...
Even if all 12 are deemed safe, says Dr. Robert Lanza, medical director for Advanced Cell Technology Inc., a biotech firm in Worcester, Mass., that's too small a gene pool to give scientists the genetic diversity they need. "It's totally inadequate. American scientists are fighting with one hand tied behind their backs," he argues...
...resists easy categorization. "It's Fantastic Voyage meets the TIME-LIFE Books series," says Tsiaras, 49. He and his 25 employees take data from MRI scans, spiral C.T. scans and other medical-imaging techniques, and use them to create scientifically faithful 3-D pictures and animations. Neither dotcom nor biotech, AT scared off some early potential investors. But Tsiaras, who founded the company in 1998 after a career in digital art and photography, clung to his belief that people would pay for images that are both beautiful and accurate...