The reason: Palm is the company's fastest-growing unit, and once it's spun off, 3Com will be left with two lackluster businesses: networking systems and computer modems and connector cards.
The fact that it's spinning off the straight on day one is pretty interesting.
Since it's spin-off from eBay, Skype has a completely new executive team, including a new CFO, general counsel, chief marketing officer, and head of engineering.
The company had never had a rating increase from S.&P. or Moody's Investors Service since it was spun off from AT&T in 1996.
An engineer, he has guided Legend's strategy since it was spun off from the Chinese Academy of Sciences in 1984 as New Technology Development (the state, as Legend Group Holdings, retains 57%).
The IRC will then take a majority stake in the group's cosmetics division when it is spun off in May.
Lucent Technologies said yesterday that John Dickson would become president and chief executive of the company's microelectronics business when it is spun off as a separate company next year.
The company said today that John Dickson would become president and chief executive of the company's microelectronics business when it is spun off into a separate company next year.
Tuesday, CBS reported its strongest first quarter since it was spun off from Viacom six years ago.
General Electric, for instance, said earlier this month that it was spinning off its unit that makes bulbs.
Another straw in the wind: Wal-Mart Stores announced on Jan . 7that it was spinning off its Web operations into a dot-com.
