William Blair & Company Initiates Coverage of Harris & Harris Group, Inc. With Market Perform Rating

May 10, 2004, 01:00 ET from William Blair & Company

    CHICAGO, May 10 /PRNewswire/ -- With the release of a comprehensive report
 on the nanotechnology industry titled, "A 'TINY' Overview of Nanotechnology:
 Big Ideas Come In Small Packages," William Blair & Company today announced
 that it initiated research coverage of Harris & Harris Group, Inc.
 (Nasdaq:   TINY) ($16.06) with a Market Perform rating and company profile of
 Aggressive Growth.  Harris & Harris is a publicly traded venture capital firm
 that makes noncontrolling investments in companies specializing in
 nanotechnology and other micro-scale technologies, or "tiny technologies."
     Analyst William Benton said he believes that Harris & Harris, whose
 portfolio contains 18 investments, 13 of which are tiny-technology
 investments, "offers investors the unique opportunity to participate in a
 venture capital fund with a diverse portfolio of emerging technology
 companies, led by a management team with excellent experience in the
 nanotechnology field, and possessing the liquidity of a publicly traded
     "Harris & Harris is a recognized expert in the tiny-technology field,
 possessing a deep knowledge of the underlying technologies and a realistic
 approach to developing a successful technology-based company," Benton said.
 "Because of Harris & Harris's rich history with tiny-technology companies, we
 believe that it is an attractive investment partner for a nanotechnology
 start-up company."
     William Blair & Company is a Chicago-based investment firm offering
 investment banking, asset management, equity research, institutional and
 private brokerage, and private capital to individual, institutional, and
 issuing clients. Since 1935, we have been committed to helping clients achieve
 their financial objectives. As an independent, employee-owned firm, our
 philosophy is to serve our clients' interests first and foremost. William
 Blair & Company has offices in Chicago, Hartford, London, San Francisco,
 Tokyo, Vaduz, and Zurich. For more information, please visit
 www.williamblair.com .
     William Blair & Company, L.L.C. has received compensation for investment
 banking services from the company within the past 12 months, or expects to
 receive or intends to seek compensation for investment banking services in the
 next 3 months.
     William Blair & Company, L.L.C. is a market maker in the security of this
 company and may have a long or short position.
     For important disclosures and information regarding the firm's rating
 system, valuation methods and potential conflicts of interest, please visit:
     Additional information is available upon request.
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 Securities Dealers, CRD number 1252.

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