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To: Rich Genik who wrote (154)	12/30/1997 9:40:00 AM
From: Mel Spivak	Read Replies (2) \| Respond to of 598

MOYC is very timely. NANX, which ran up 50% on Fri (held most yesterday) has a majority of their sales to MOYC. Moyco just had news that has been long awaited. They are a small cap. They use NANX' "feedstock", on an exclusive basis for making the "polish" that "planes smooth" chips in prep for putting everything on chips. The process is called "Chemical Mechanical Planarization" (CMP). Their "polish" is called CMP slurry. It is used by CMP machines made by IPEC SFAM AMAT and others. It is a "consumable" that is disposed of after it is used. The machines use about 7 litres/hour. There is lots of independent lab verification The MOYC's is the best. Moyc's problem has not been its product. Rather, its size, resources to make it in sufficient quantity and to otherwise be a reliable supplier to the INTC's, IBM, MOT, TXN's of the world. Their solution was to have a "partner" to produce and distribute to the chip world their slurry. Yesterday's news (go to yahoo quotes/news) was that Ashland (Chemical) ASH called of the pending deal and that MOYC has lined up another chemical company to go into it with them. The new partner will be anounced soon. The deal will be structured for MOYC to receive ongoing royalties (% of sales). If it is the same as the ASH deal, they will also get a lump sum and other goodies. MOYC has a low float (70% of the stock is owned by insiders). 52 week hi 8 1/2 low 3 1/2. 15 was alltime high.

To: Rich Genik who wrote (154)	12/30/1997 8:39:00 PM
From: White Shoes	Read Replies (1) \| Respond to of 598

Hi Rich, as this is a long-term "rolling" portfolio, many of the components which I would expect to continue to recommend for years to come, I will not be too fine with price entry and exit points. It will be the lazy person's stock basket. Last year Dan had another wrinkle, weighting the basket based on how much he liked some of the stocks...basically anything that makes this more difficult to calculate, or harder to replicate by some generic person (assuming whoever it is doesn't have a lot of time or spreadsheet acumen), I will basically try to avoid. As for the "sell" part, why don't we just drop stocks from the portfolio each year if we don't like them. Not very precise, and certainly not investment advice, but that's probably better, just provide the "best of the best" ideas and let people do their own money management. Speaking of which, some people's picks have shown a marked lack of self-restraint. Instead of the "best of the best", some posters have chosen to hawk the sort of 'hot stocks' that tend to give internet stock boards a bad name. The rest of you, rest assured that I'll always try to refer back to whatever sound investment principles some of the pros might urge one to follow. Paying top dollar for a penny stock and a story just won't be "on" here. We're looking for rare gems, not the Winter Olympics of Every Widow & Orphan's Nightmare Stocks.