"Nano" in firm's name fuels stock's hefty gain
from
Forbes
Basic deal - a company has nothing to do with Nanotechnology but their name has those four golden letters and their tickker symbol is NANO - result? Major gains on their IPO
bq. A growing fascination with nanotechnology seems to be doing wonders for the stock price of Nanometrics Inc.
bq. Too bad the company's only connection with the hot field of molecular-scale machinery is the first four letters of its name and a stock ticker, NANO. But that, apparently, is enough to confuse some investors.
bq. It has been a remarkable few days on the stock market for the Milpitas, California-based Nanometrics, whose true identity is perhaps more mundane than its name would suggest: it makes tools that measure the thickness of films deposited on silicon wafers.
Heh...
Posted by DaveH at December 4, 2003 10:53 PM