EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: Tony Viola who wrote (11023)	8/31/2000 11:15:33 AM
From: jad	Read Replies (1) of 17183

— Comments from Michael P. McGrath, managing director, financial products group of Gruntal & Co., L.L.C. on EMC spinoff of McData: Question: How do EMC Corp. (EMC) stockholders benefit and by how much, from the spinning off of McData Corp. (MCDT)? MPM: Typically, shareholders benefit from a spin-off because a specific unit in the company has the potential for its value to be realized. The old saying, "A company is worth more split up than as a conglomerate," has some merit when specific units are undervalued. The way to realize that value is to spin them off. There are also tax benefits to spinning off a unit versus an outright sale.

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