Kelly happens to be a rather dedicated Breitling watch lover, and has a long history with precision tools and machines.
The tax will hit everything they sell, from x-ray machines and pacemakers to surgical tools and artificial hips.
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It's still cheap at 15 times expected 2010 earnings, he says, but management has done an excellent job of investing in products with strong recurring revenue such as surgical stapling machines and single-use laparoscopic tools.
What a great irony we have in the stone industry when the industry was many times more profitable when details were all done by hand versus now when the work is now mostly done by tools and machines not available 25 years ago.
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Nortec Collective takes this traditional Norteno and reinterprets it through synthesizers, drum machines and a grab bag of other digital tools.
At a time when highly technical machines like CNC tools are standard and would have baffled even the most skilled workers a generation ago working in the trades is no longer about having a strong back.
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Traditional Chinese medicine practitioners have stuck with the old ways, shunning modern medical tools such as MRIs and CAT scan machines.
The fact that West German and other allied manufacturers are now able to produce machines tools with accuracies better than plus-or-minus 3 microns has prompted some to argue that the present export control standard is too stringent.
But rather than using nets and chloroform, their tools are the high-speed gene-sequencing machines developed for the Human Genome Project.
We decided to exclude the traditional list of "simple machines, " which includes the lever, pulley, wheel and wedge, since most other tools employ some form of simple machine--a hammer is basically a lever, and an axe is essentially a wedge.
Key technologies transferred by or through Germany to the Soviet Union include: high accuracy machine tools, deep underground tunneling machines, telecommunications equipment, underwater sensors, sophisticated computers and manufacturing equipment associated with microelectronics, advanced composites and superalloys.
Life Technologies, formed by the merger last year of life science tools companies Applied Biosystems and Invitrogen, has an estimated 65% of the market for PCR machines used for research and has licensed its technology to 12 other companies making the machines.
It found that 80 percent of the five-axis machine tools they sold in the United States between 2005 and 2008 were imported, with Japanese and German machines making up the majority of models.
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