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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Vaughn who wrote (41548)	12/26/1997 12:52:00 PM
From: Neil_L	Respond to of 58324

<<*OT* To all: I just happened to look at NANX and noticed it had gone from 10 to almost 15 in the last hour. I did a quick search for news on this issue and can't find any current big news. Anyone have any idea?>> From Briefing.com... NANOPHASE TECHNOLOGIES CORP (NANX) 14 7/8 +5 1/2. The CNBC effect has returned. In one of the more outrageous events to take place in quite some time, NANX shares have rallied to an intraday high of $15 a share after the stock received favorable mention on CNBC. It really was not that the comments were that favorable, it's just a slow day, and CNBC was attempting to find something interesting to talk about. So when CNBC's Joe Kernon started to discuss all of the great things that one can do with NANX's products, the stock took off like a rocket. At the time of the comments, NANX was trading only 1 point higher. But in a matter of minutes the shares were +5 on the session. Before Kernon's comments, the only thing the stock had going for it was a CIBC Oppenheimer "strong buy" reiteration. So what's the story on this maker of nanocrystalline materials for the use as ingredients and components in a range of commercial applications. First, NANX is a recent IPO. The stock debuted November 26 at $8 a share, in a offering led by DLJ. Since then, the only news has been a Furman Selz initial "buy" rating, a supply agreement with Philips Electronics, and a report that Harris & Harris Group has increased its stake in the company. According to Furman Selz, which helped underwrite the offering, NANX will lose $0.30 in '97. For fiscal years 1997 and 1998, however, the company is expected to report profits of $0.20 and $0.60 a share. The firm's 12-month share price target is $12. More than likely, if not for the short-covering that is taking place by investors who are attempting to close their day-trade, these shares probably would have started to plummet by now.