Tech's Top 20 Hot Growth Companies 2008

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1. Gilead Sciences

GILD

Biotech giant Gilead, maker of 11 commercially available medicines for patients with life-threatening diseases, had a quiet but fruitful year. It has capitalized on the success of its most recently approved drug Atripla, a once-daily tablet for HIV patients, and its 2006 acquisition of pharmaceutical ingredient maker Raylo Chemicals. It's No. 1 on our list, but also one of the biggest gainers in the ranking: Last year, it was ranked 18th.

Current stock price: $43.32

Fair value estimate: $45.00

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