Dain Rauscher Wessels Report Forecasts DNA Microarray Technology Achieving Market Opportunity of $4.5 Billion by 2004.Business Editors & Analysts NOTE TO EDITORS: The following is an investment opinion issued by Dain Rauscher MINNEAPOLIS--(BUSINESS WIRE)--Dec. 15, 2000 With the watershed event surrounding the completion of the sequencing of the human genome The human genome is the genome of Homo sapiens, which is composed of 24 distinct pairs of chromosomes (22 autosomal + X + Y) with a total of approximately 3 billion DNA base pairs containing an estimated 20,000–25,000 genes. , "we usher in Verb 1. usher in - be a precursor of; "The fall of the Berlin Wall ushered in the post-Cold War period" inaugurate, introduce commence, lead off, start, begin - set in motion, cause to start; "The U.S. a new era in which tremendous acceleration of enabling technologies should dramatically facilitate our understanding of the basic mechanisms of biology and disease," said Todd R. Nelson, genomics equity analyst at Dain Rauscher Wessels. Nelson, who recently issued the report "Chip, Chip, Array! An Analysis of DNA Chip DNA chip See DNA microarray. Noun 1. DNA chip - a microchip that holds DNA probes that form half of the DNA double helix and can recognize DNA from samples being tested gene chip Technology," believes the industry's near-term challenge is to identify when genes are expressed and determine the function of expressed genes and corresponding proteins. "We expect gene expression research to be the focal point focal point n. See focus. of the industry for the next several years," Nelson said in the report. 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. Nelson, DNA microarrays provide the greatest near- and mid-term market opportunity in the genomics industry. Microarrays will continue to evolve and play a significant role in the analysis of genome sequence, gene expression, and in determination of genetic variants. "We foresee the current $600 million market opportunity afforded to DNA microarray technology to grow to $4.5 billion by 2004," he said. The 35-page report addresses several factors related to the up-and-coming microarray industry including manufacturing, technology applications, market segmentation Market Segmentation A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. and drivers, industry momentum and market opportunity. Institutional investors interested in receiving more information should contact their Dain Rauscher Wessels salesperson. Media interested in receiving Nelson's research report should call (612) 371-7752. The Dain Rauscher Wessels division includes equity research, equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as , institutional equity sales and corporate finance. The division's 40 analysts focus on five industries: consumer, energy, financial services, health care and technology. Currently, the analysts follow more than 400 companies. The division, which employs 425 people, has offices in Austin, Texas; Boston; Chicago; Dallas; Houston; Menlo Park, Calif.; Minneapolis; New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; Paris; San Francisco; Seattle; and Tel Aviv, Israel(a). Minneapolis-based Dain Rauscher Incorporated provides investment services to individual investors and small businesses through offices in 27 predominantly western states, investment banking services to corporations and municipalities nationwide, and trade clearing and settlement services to nonaffiliated broker-dealers throughout the United States and abroad. Dain Rauscher Incorporated, one of the nation's largest full-service securities firms, is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and other major securities exchanges, as well as the Securities Investor Protection Corp. Dain Rauscher Corporation, its holding company, trades on the New York Stock Exchange under the symbol DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) . The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St. Additional information on the securities mentioned is available on request. This does not purport to be a complete statement of all material facts related to any company, industry, or security mentioned. The information provided, while not guaranteed as to accuracy or completeness, has been obtained from sources believed to be reliable. The opinions expressed reflect our judgment at this time and are subject to change without notice and may or may not be updated. DRI See Digital Research. , its officers, directors, affiliates, and/or employees (including the authors of this report) may from time to time have a long or short position in publicly or privately issued securities of companies mentioned or derivatives thereof and may sell or buy such securities for their own or related accounts. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which said offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. (a) Strategic alliance with Tamir Fishman & Co. |
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