Wednesday, November 26, 2008
Merrill Lynch Calls Cleantech The Sixth Technology Revolution
Cleantech, the next investing boom?
Merrill Lynch Compares Cleantech To Computing In The 70's
History shows that technology revolutions occur about every 50 years.
"We believe cleantech is at the beginning of a high-growth period much like computing was in the early 1970s. The application of technology to resource problems should cause profound changes in the energy, utility, and automotive industries." says Mr. Steven Milunovich
Mr. Milunovich believes the sixth technology revolution will be driven by clean technology - the application of technology to optimize the use of natural resources - and biotech.
The current pressure on cleantech stocks may continue for now, but the combination of friendlier government policies and economic improvement should lead to investment opportunities in 2010-11.