Metal oxides show such versatile properties as high T-C superconductivity, ferroelectricity, colossal magnetoresistance and non-linear optical properties. By developing laser molecular beam epitaxy, we have been working on atomic scale control for the heteroepitaxy of these materials in order to explore a novel field of ''oxide electronics'', in which monolithically integrated devices composed of epitaxially grown oxide nanostructures show outstanding performances that Si-based semiconducting devices would not be able to give. Among many topics we have, we concentrate on Josephson tunnel junction made out of high T-C superconductors and ultra-violet laser emission from ZnO nanocrystal films.