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Technology Stocks : Nanovation Technologies,Inc.

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To: BDR who wrote (413)7/26/2001 9:13:35 PM
From: BDR  Read Replies (1) of 417
 
Nanovation Files for Chapter 11
lightreading.com

And what about that fat grant to MIT to fund a photonics research lab?

"Nanovation’s big gesture of handing over a $90 million, six-year grant to the Massachusetts
Institute of Technology (MIT) was just that -- a big gesture. After Chaney took over as CEO (see
Nanovation's CEO Gets The Heave-Ho ), he quietly renegotiated the contract to pay for the work MIT
had already done. A total of $3 million changed hands, and all work stopped at the end of March."
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