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First Albany sheds more MTI shares
Publication Date:16-December-2005
02:41 PM US Eastern Timezone 
Source:The Business Review (Albany)
First Albany Cos. Inc. has sold another 330,000 shares of Mechanical Technology Inc.

The Albany, N.Y., investment firm, which three years ago owned 38 percent of MTI, a manufacturer of precision instruments and developer of micro fuel cells, has been shedding the stock to reduce the drag on First Albany's earnings. The most recent sales leave it with about 1.6 million shares of MTI (NASDAQ: MKTY), or about 5.1 percent of the stock outstanding, according to a filing with the U.S. Securities and Exchange Commission.

The stock sales grossed First Albany (NASDAQ: FACT) about $987,000.
 
 

 
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