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Technology Stocks : Micromem Technologies ***MAG-RAM*** ( MMTI)

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To: Edderd who wrote (21)6/7/1999 7:08:00 PM
From: Warren  Read Replies (2) of 95
 
TO GROUP:

MORRISTOWN, N.J. and MINNEAPOLIS, June 7 /PRNewswire/ -- AlliedSignal Inc. (NYSE: ALD) and Honeywell Inc. (NYSE: HON) announced today that they have signed a definitive merger agreement which will create a global technology company with revenues of $25 billion and technical and product leadership across a wide range of industries.

THE SCIENTIFIC AMERICAN ARTICLE REPORTED THAT HONEYWELL WAS ALSO WORKING TO DEVELOP A PRODUCT SIMILAR TO THE MMTI CHIP.

HOW WILL THIS AFFECT THE CONTRACT THAT MMTI IS SUPPOSEDLY NEGOTIATING WITH ALLIEDSIGNAL?
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