NANX sees Q1 rev decline
--9:45 am - By Michael Baron
Nanophase Technologies (NANX: news, msgs) is sliding $2.31, or 19.1 percent,
to $9.81, after the Romeoville, Ill., provider of engineered nanocrystalline
materials said it expects first-quarter revenue to fall by 20 percent on a
sequential basis. The company attributed the decline to lower volume and the
decision of a number of customers to heavily skew their annual orders for
sunscreen materials to the third and fourth quarters of 2001. Nanophase has yet to report its fourth-quarter results.