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He co-founded Bain Capital, the spinoff from Bain & Company that has become a private equity giant.
But it is facing new competition from companies like Motorola, Corning and Agilent Technologies, the spinoff from the Hewlett-Packard Company.
Executives of Janus Capital, the mutual fund company, had denounced the spinoff from Kansas City Southern because Janus was packaged with three other, far smaller, financial holdings.
The stock, which closed yesterday at $7.60, has retreated to its level right after the spinoff from AT&T in 1996.
But the market is perceived to be so attractive that many competitors are emerging, including technology powerhouses like Motorola, Corning and Agilent Technologies, the spinoff from the Hewlett-Packard Company.
You see the lights go back on … There is a direct impact on those who do the sport, but the spinoff from the elite guys is the inspiration it offers to others.
Similar(47)
But all of the resources, customers and talent that AT&T bestows sometimes come with a price: a sclerotic internal structure and a mentality that can prevent the spinoffs from realizing their full potential.
The inventor of the battery pack for GM's first electric car, the EV1, Waters now runs this spinoff from the Rocky Mountain Institute.
Mr. Schacht is credited with the success of the Lucent spinoff from AT&T in the mid-1990's before he stepped down as Lucent's chief executive in 1997 and as chairman in early 1998.
A bright, shiny blast from a newly imagined past, "Star Trek," the latest spinoff from the influential television show, isn't just a pleasurable rethink of your geek uncle's favorite science-fiction series.
NCIS: New Orleans, the second spinoff from the mighty NCIS mothership, wraps up its second season Tuesday at 9 p.m. ET, firmly established as a hit on its own.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com