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Technology Stocks : Nanophase Technologies (NANX)

NANX 1.733

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Apr 7 5:00 PM EST

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To: kenneth wanta who wrote (28)	12/29/1997 10:45:00 AM
From: Mel Spivak	of 322

One of NANX's main customers has news: Reuters Monday December 29, 8:50 am Eastern Time Moyco ends Ashland talks, close to CMP sale DUBLIN, Ohio, Dec 29 (Reuters) - Moyco Technologies Inc said Monday it had terminated talks to sell its CMP slurries used in the semiconductor industry to Ashland Inc's (NYSE:ASH - news) chemical division and said it was close to a deal with another chemical company. Ashland and Moyco said in a joint statement that they had agreed to end their discussions. In a separate statement, Moyco said it was close to signing a deal with another company for the sale of CMP slurries. A spokesman for Moyco declined to release the name of the potential acquiror but said the deal would be announced ''hopefully in a week or two.'' Mel's note: CMP slurries are the "single use polish" used in chip-making to smooth down the chips perfectly flat in prep for all that goes on the chips. It is a huge and growing market. The MOYC CMP slurry chocked full of NANX ingredients in an exclusive agreement between MOYC and NANX. What is good for MOYC CMP slurries is good for NANX. MOYC up today on this news. Mel

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