Bioterrorism Technology Expert Cites Major Affects on High-Tech Sector from $11 Billion Government Funding.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 5, 2002 President Bush's announcement today of his administration's biological defense plans and budget will have a major impact on high-tech companies in the biotechnology sector, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. bioterrorism innovation expert Edward K. Moran, director of Deloitte Touche Tohmatsu's Technology, Media and Telecommunications (TMT TMT 1 Tarsometatarsal 2 Thermomechanical treatment 3 Treatment, see there ) group. "The high-technology market segment will be the major beneficiary of proposed government funding with a direct result being felt by innovative companies that can aid America and other countries in bioterrorism defense systems," said Mr. Moran. According to Mr. Moran, the proposed massive increase in government spending Government spending or government expenditure consists of government purchases, which can be financed by seigniorage, taxes, or government borrowing. It is considered to be one of the major components of gross domestic product. will impact high-tech firms by: 1. Sponsoring "proof of concept" technologies that invite new companies to enter the market. 2. Attracting professional management to a field currently being managed by scientists while attracting more researchers into the field. 3. Speeding consolidation as larger companies acquire smaller ones with new technologies. 4. Creating new sources of venture capital as government funding reduces product-to-market risk. 5. Creating awareness among potential bioterrorism customers. Mr. Moran, director of Deloitte Touche Tohmatsu's Technology, Media and Telecommunications (TMT) high-tech product innovation practice and leader of the venture capital-backed company practice, is an expert on biotechnology innovation and bioterrorism. He has specific expertise in the fast-growing field of nanobusiness, which is closely allied with bioterrorism research and new screening and monitoring technologies. Mr. Moran, a graduate of New York Law School History New York Law School is one of the oldest independent law schools in the United States. The Law School was founded in 1891 by a group of faculty, students, and alumni of Columbia Law School led by their founding dean, Theodore William Dwight, a prominent figure in the , holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the and dual majors in information technology and management. He also serves on the advisory board of the NanoBusiness Alliance, an industry association of nanotechnology companies and governmental bodies. Mr. Moran is available for interview opportunities on the business impact of President Bush's biological defense plan. About Deloitte Touche Tohmatsu's TMT global practice: The Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. Technology, Media and Telecommunications (TMT) Group has deep industry knowledge of technology, media and telecommunications companies See telecom company. and the challenges these industries face in areas such as Internet, software, computers, telecommunications and networking, semiconductor and related industries, along with broadcasting and publishing. Deloitte's TMT practice provides a global network of dedicated professionals who can deliver innovative solutions to clients wherever they are in the world. |
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