Morgan Stanley Sees Loss of SanDisk/Toshiba Agreement as Another Setback for Intermolecular

In a report published Friday, Morgan Stanley analyst Joseph Moore reiterated an Equal-Weight rating on Intermolecular (NASDAQ: IMI ). In the report, Morgan Stanley noted, “SanDisk/Toshiba was about an 11% customer who has always been very positive about their work with IMI, so the non-renewal is unexpected by both us