Post by skytroll on Oct 19, 2007 15:28:02 GMT -5
Well, more to add to terminators:
"Monsanto booming despite EU biotech bust
Filed in archive Biotech by george elvin on April 17, 2006
The European Union's rejection of genetically modified organism (GMO) foods is often cited as a powerful lesson in technology management, and Monsanto has for years been the poster child for how to fail at introducing a new technology.
The company assumed that Europeans would be quick to take up what it saw as the many benefits of GMO foods, as their American counterparts had. And it was caught off guard when Europeans said, "no thanks".
But even as many European countries continue to ban GMO foods, Monsanto may be having the last laugh. Figures just released for the first six months of this 2006 fiscal year show the agricultural giant's US corn seed sales brought in over $1 billion.
That's more than half of the total US corn seed sales for that period, and Monsanto's competitors in both the US and Europe are taking notice. Two of the company's rivals, Syngenta and DuPont, have recently formed an alliance to counteract Monsanto's dominance.
Syngenta and DuPont made an announcement last week that they will pool their genetic traits for corn and soybeans in a 50/50 joint venture known as GreenLeaf Genetics LLC.
So it appears that biotech is going the way of energy, media, and most other forms of business, with fewer and fewer players controlling more and more of the market. That's probably not such a good thing for biodiversity or local farms.
Nanotech is still in its infancy compared to biotech, and the clear leaders are yet to emerge. Hopefully, the relatively low cost of some nanotech production equipment, research, and development will allow for more diversity and equality without the takeover by corporate giants that's plagued so many other industries."
Zeroing in on the kill.......
tinyurl.com/k6ybs
skytroll
"Monsanto booming despite EU biotech bust
Filed in archive Biotech by george elvin on April 17, 2006
The European Union's rejection of genetically modified organism (GMO) foods is often cited as a powerful lesson in technology management, and Monsanto has for years been the poster child for how to fail at introducing a new technology.
The company assumed that Europeans would be quick to take up what it saw as the many benefits of GMO foods, as their American counterparts had. And it was caught off guard when Europeans said, "no thanks".
But even as many European countries continue to ban GMO foods, Monsanto may be having the last laugh. Figures just released for the first six months of this 2006 fiscal year show the agricultural giant's US corn seed sales brought in over $1 billion.
That's more than half of the total US corn seed sales for that period, and Monsanto's competitors in both the US and Europe are taking notice. Two of the company's rivals, Syngenta and DuPont, have recently formed an alliance to counteract Monsanto's dominance.
Syngenta and DuPont made an announcement last week that they will pool their genetic traits for corn and soybeans in a 50/50 joint venture known as GreenLeaf Genetics LLC.
So it appears that biotech is going the way of energy, media, and most other forms of business, with fewer and fewer players controlling more and more of the market. That's probably not such a good thing for biodiversity or local farms.
Nanotech is still in its infancy compared to biotech, and the clear leaders are yet to emerge. Hopefully, the relatively low cost of some nanotech production equipment, research, and development will allow for more diversity and equality without the takeover by corporate giants that's plagued so many other industries."
Zeroing in on the kill.......
tinyurl.com/k6ybs
skytroll