Venture-capital firm Harris & Harris
For a long time, one of its more visible portfolio holdings was Nanosys, a Palo Alto, Calif.-based start-up that many thought would be the first true nanotechnology company to go public.
Well, for a variety of reasons, Nanosys failed to file for an IPO back in 2004, and as a result, it has somewhat unfairly been held up as the poster child for much of the hype that surrounded the field of nanotechnology a few years back.
An article in today's Technology Review, however, reveals that Nanosys is alive and kicking, and it has made deals with both Intel
By replacing the floating gate in existing flash chips with nanocrystals, Nanosys can help flash-memory manufacturers reduce the amount of insulating material needed and, more importantly, shorten the height of the cells. This combination means that more flash chips can be packed into Apple's
The development is significant for investors because it is yet another indication that nanotechnology is leading to material improvements in commercial products and holds out the possibility that, after a long delay, Nanosys might really be ready to go public -- an event that could give Harris & Harris' stock a nice boost.
Interested in reading more about Harris & Harris? Check out this interview with Charlie Harris, the company's CEO, or any of these other articles:
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Fool contributor Jack Uldrich owns stock in Harris & Harris. The Fool has a strict disclosure policy.