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

To: DZOO who wrote (53)	1/9/1998 10:57:00 AM
From: Sandra	Read Replies (1) \| Respond to of 322

DZOO, Thanks for your opinion, I like it! Sandra

To: DZOO who wrote (53)	1/9/1998 1:07:00 PM
From: Scrapps	Respond to of 322

MORE NEWS: NANX noted that revenues for the 1997 fourth quarter consisted of a $1,400,000 license fee from a unit of Itochu Corp. of Japan, as well as other product sales. NANOPHASE TECHNOLOGIES CORP. Sees "Small Positive" Net Income for 1997 Forth Quarter Jan. 9, 1998, Nanophase Technologies Corp. (Nasdaq:NANX - news) said it anticipates a ''small positive'' net income for the fourth quarter of 1997 on revenues anticipated to be about $1,500,000, compared with $308,586 for the same period last year. The company noted that revenues for the fourth quarter are ''lower than anticipated.'' The company said total revenues for 1997 are expected to be about $3,700,000, compared with $595,806 for all of 1996. In attributing the results, NANX said anticipated sales of product for chemical mechanical polishing (NYSE:CMP - news) slurries for semiconductor production were not made because of protracted negotiations tied to the sale of the CMP businesses of Moyco Technology Inc. (Nasdaq:MOYC - news), its principal customer. The company also said it believes it lost potential revenue because of economic uncertainties in Korea and other Asian markets. In addition, NANX stated that in late December it became apparent that additional product revenues would not materialize as anticipated because its collaborative product development programs were not progressing as quickly as expected. NANX noted that revenues for the 1997 fourth quarter consisted of a $1,400,000 license fee from a unit of Itochu Corp. of Japan, as well as other product sales. In connection with MOYC's recent sale of its CMP business to EKC Technology Inc., a subsidiary of ChemFirst Inc. (NYSE:CEM - news), the company said it entered into a long-term supply agreement to provide EKC Technology with its nanometer-sized particles for use in the production of CMP slurries for semiconductor applications. The company said the agreement supersedes an agreement that it had with MOYC. In addition, NANX announced a multi-year agreement with C.I. Kasei Co. Ltd. , a subsidiary of Itochu Corp., for the manufacture and marketing by C.I. Kasei of nanocrystalline materials for Asian markets (excluding CMP and dosmetics) using NANX's patented technologies. Company officials were unavailable for further comment. NANX had its initial public offering in November.