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Technology Stocks : Nanophase Technologies (NANX) -- Ignore unavailable to you. Want to Upgrade?


To: kenneth wanta who wrote (28)12/28/1997 9:01:00 PM
From: LPasko  Read Replies (1) | Respond to of 322
 
That's an interesting point about the 30 day "no shorting" interval. Is this an established rule, or just something brokers do as a courtesy? Also, wasn't NANX's IPO more than 30 days ago?(it must have been if there was already short interest by November 15).



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