Hi advalorem - dunno <G>. If "the Exodus like company" means the services coming with RedConnect, which is part of Prism, my guess is that it will be part of the Prism ipo. You make a very good point though, what if Prism were sold outright, but some of Prism value added services [I believe they are options whereby clients can purchase a la carte,] are really CDO core operations, like backups and disaster recoveries etc. Probably there may be a set of agreements between the acquirer and CDO in the form of multi years service contracts.
This is just my guess though, since like you said, except the Venture tracking stock [personally, I believe CDO is one of the few who is using the tracking stock concept properly, but I digress <g>] and Prism IPO [I still think selling the division outright is less likely, unless CDO really couldn't find a permanent CEO before the big decision comes or if the potential suitor makes an offer impossible to refuse, since the tax ramification is a substantial roadblock for a simple purchase and sale transaction,] actually many pieces are still missing. I guess it is intentional because of the aforementioned interconnectedness of various pieces.
Ultimately, I believe CDO will do the best thing to maximize long term shareholder values. My guess is that she will retain the core operations like leasing and services. These operations will turn continue to be the cash cow to provide for continuous venture activities [that is why a tracking stock and not a spinoff.]
Just my 2c
best, Bosco |
