STOCKHOLM, Sweden (AP) -- The winners of this year's Nobel Prize in physics are scientists behind technology that made it possible for the iPod and other tiny digital devices to exist.
The Nobel committee says the work of France's Albert Fert and Germany's Peter Gruenberg is something that could be one of the first real applications of nanotechnology.
The two discovered a physical effect that allows information that's stored magnetically on hard disks to be converted into electrical signals that computers can read. The technology allows information to be stored and read from the tiniest digital devices.
The Nobel committee says the "MP3 and iPod industry would not have existed without this discovery."
(Copyright 2007 by The Associated Press. All Rights Reserved.)