SPIN-OFFS "secret hiding places of stock market profits" Message Board

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Non-Tech : SPIN-OFFS "secret hiding places of stock market profits"

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To: 249443 who wrote (954)	5/25/2006 8:08:24 PM
From: 249443	Read Replies (1) of 1185

No Flash Spinoff for Intel thestreet.com By Alexei Oreskovic TheStreet.com Staff Reporter 5/25/2006 12:54 PM EDT "Intel (INTC:Nasdaq) is not considering spinning off and floating shares of its money-losing flash memory chip unit, CEO Paul Otellini said during a recent visit to Malaysia. "We are not currently thinking about those kind of things," Otellini told reporters in response to questions about a possible spinoff and initial public offering of the flash memory business, according to news reports. Speculation has been building that Intel might divest itself of its flash memory business ever since the company announced in April that it was undertaking a broad internal restructuring. CFO Andy Bryant said at the time that Intel would be taking a hard look at anything "with a bracket on it," meaning any division that wasn't profitable...."

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