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Technology Stocks : Intermedia Communications ICIX
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To: Mark A. Holder who wrote (201)8/5/1999 7:39:00 PM
From: RockyBalboa  Read Replies (1) of 313
 
Well. That spin off would dramatically increase the DIGX float and is for no good. See UBID/MALL.

If there were plans, the management would at least have announced that - in the IPO filing, like MALL/UBID, and created only one class of stock (they created 2 classes here). A spin off would provide enough arb opps, so the ICIX stub is valued at $8-9 here (take off a 30% discount on the DIGX holdings valuation). That said, ICIX can still trade lower (although it lost $10 in that short timeframe).
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