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

To: Obewon who wrote (117)	3/15/1998 7:45:00 AM
From: Crossy	Respond to of 322

Ob, I do see a slight-shortterm concern though: the deal with EKC (subsidiary of CEM) (CMP-business) is going to take-off during this year. It seems that there won't be material revenues in the first half of 1998 from CMP applications, after that this should change however. OTOH, the licensing with Itochou (Japan) covers Asian non-CMP revenues. Pls. remember that NANX had about $1.5 mio. revenues of which $1.4 mio. revenues were from this Itochou license. If this is of a non-quarterly (only annual) recurring nature then this should mean that the CURRENT quarter will be disappointing in terms of revenues (derived by inference). However the mid-long term prospects are genuinely interesting. I may establish a position in about 2-3 months because of this, because this quarter's revenues look unpredictable low to me. Shortterm risk seems to be unmanageable to me. Mid/Longterm rewards are far bigger. This means WAIT IMHO. BTW, even though it's added future revenues, everybody knows this and anticipated that. It cooled off a little when the stock dropped from $14 to $6. But the company is still valued at PSR=15. This means that revenues have to grow at least 5fold before a justifyable ratio will be reached. CROSSY