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Non-Tech : SPIN-OFFS "secret hiding places of stock market profits" -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (342)	9/20/1999 3:17:00 PM
From: Stewart Whitman	Read Replies (1) \| Respond to of 1185

A summary of spin-off information gathered thru 09/18/99. Stew Spin-offs In Progress: ---------------------- New: Weatherford International, Inc. (NYSE:WFT) spinning off Grant Prideco - '99: newsalert.com newsalert.com Federal Realty Investment Trust (NYSE:FRT) spinning off mixed-use main street retail assets - Late '99: newsalert.com newsalert.com Kansas City Southern Industries, Inc. (NYSE:KSU) spinning off Stilwell Financial (NYSE:SV) - Q4 '99: biz.yahoo.com newsalert.com Schlumberger (NYSE:SLB) spinning off TransoceanSedco Forex (NYSE:RIG) - 12/99: newsalert.com newsalert.com Mestek, Inc. (NYSE:MCC) spinning off MCS - 01/00: newsalert.com Baxter International Inc. (NYSE:BAX) spinning off cardiovascular business - H1 '00: biz.yahoo.com USBANCORP, Inc. (NASDAQ:UBAN) spinning off Three Rivers Bank and Trust Company - Spring '00: newsalert.com newsalert.com Oak Industries Inc. (NYSE:OAK) spinning off Lasertron - '00: newsalert.com Tektronix (NYSE:TEK) spinning off Color Printing and Imaging Company - '00: newsalert.com newsalert.com HNC Software Inc. (NASDAQ:HNCS) spinning off Retek Inc. - '00: newsalert.com 3com Corporation (NASDAQ:COMS) spinning off Palm Computing - Q3 '00: newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com New Announcements: Meditrust Corp. (NYSE:MT) spinning off healthcare financing - Late '99: newsalert.com Harris Corp. (NYSE:HRS) spinning off Lanier Worldwide, Inc. (NYSE:LR) - 09/99: newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com HRPT (NYSE:HRP) spinning off Senior Housing (NYSE:SNH) - 09/99: newsalert.com Magna International (NYSE:MGA) spinning off Ventures (non-auto assets) - 09/15/99: newsalert.com newsalert.com GenCorp (NYSE:GY) spinning off OMNOVA (Performance Chem. and Decorative & Building Products) - 10/01/99: newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com Citizens Utilities (NYSE:CZN) spinning off telecommunications businesses - H2 '99: newsalert.com newsalert.com newsalert.com Akzo Nobel (NASDAQ:AKZOY) spinning off Acordis (fibers business) - H2 '99: akzonobel.com akzonobel.com akzonobel.com newsalert.com Allegheny Teledyne (NYSE:ALT) spinning off Teledyne Technologies (NYSE:TDY) - H2 '99: newsalert.com Allegheny Teledyne (NYSE:ALT) spinning off Water Pik Technologies (NYSE:PIK) - H2 '99: newsalert.com Snyder Communications, Inc. (NYSE:SNC) spinning off Ventiv Health, Inc. (NASDAQ:VTIV) - H2 '99: newsalert.com newsalert.com newsalert.com newsalert.com Watts (NYSE:WTS) spinning off CIRCOR International, Inc. (NYSE:CIR) - 10/18/99: newsalert.com newsalert.com Tenneco (NYSE:TEN) spinning off Tenneco Automotive (automotive parts) - Fall '99: newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com Harcourt General, Inc. (NYSE:H) spinning off The Neiman Marcus Group (NYSE:NMG) - Fall '99: newsalert.com newsalert.com newsalert.com newsalert.com U.S. Industries, Inc. (NYSE:USI) spinning off USI Diversified - Q4 '99: newsalert.com newsalert.com newsalert.com newsalert.com ACX Technologies, Inc. (NYSE:ACX) spinning off Coors Ceramics Company - Winter '99: newsalert.com newsalert.com newsalert.com newsalert.com Ralston Purina Company (NYSE:RAL) spinning off Eveready Battery Company - Q1 '00: newsalert.com newsalert.com Hewlett-Packard (NYSE:HWP) spinning off Test & Measurement division - H1 '00: newsalert.com hp.com Technology Solutions Company (NASDAQ:TSCC) spinning off eLoyalty (enterprise customer management) - ?: newsalert.com Ogden Corporation (NYSE:OG) spinning off Entertainment and Aviation businesses - ?: newsalert.com Old: Hoechst AG (NYSE:HOE) spinning off commodity chemicals/acetate businesses - '99: LSB Industries (NYSE:LSB) spinning off L&S Automotive Products Co. - Late 06/99: newsalert.com Dupont (NYSE:DD) spinning off life-sciences businesses - Late '99: J.C. Penney (NYSE:JCP) spinning off Eckerd Drugstores (tracking stock) - '00: newsalert.com newsalert.com Toys 'R' Us (NYSE:TOY) spinning off toysrus.com - ?: Electric & Gas Tech. (NASDAQ:ELGT) spinning off transformer business - ?: newsalert.com newsalert.com The Scandinavia Co. (AMEX:SCF) spinning off hotel assets - ?: newsalert.com Equitex (NASDAQ:EQTX) spinning off non-financial services - ?: Odetics (NASDAQ:ODETA) spinning off ITS division - ?: Hathaway Corp. (NASDAQ:HATH) spinning off motion control business - ?: Delta Woodside (NYSE:DLW) spinning off apparel company - ?: Hemispherx Biopharma (AMEX:HEB) spinning off hepatitis division - ?: Criticare Systems (NASDAQ:CXIM) spinning off portion of Immtech - ?: Spin-offs Completed: -------------------- New: 09/10/99 CORUS Entertainment - (NYSE:SJR) Shaw Communications Inc. 09/01/99 (AMEX:LIC) Lynch Interactive Corporation - (AMEX:LGL) Lynch Corp. 08/24/99 (NYSE:TOO) Too, Inc. (girl's clothing chain - (NYSE:LTD) The Limited 08/08/99 (NASDAQ:SWIM) Anthony & Sylvan Pools - (NASDAQ:ESSF) ESSEF 07/26/99 (NYSE:ITB) Gartner Group, Inc. - (NYSE:RX) IMS Health Old: 06/18/99 (NASDAQ:IHCO) Interstate Hotels Corporation - (NYSE:PAH) Patriot American Hospitality 06/14/99 (NYSE:RJR) R.J. Reynolds Tobacco Holdings I - (NYSE:NGH) Nabisco Group Holdings 06/07/99 (NASDAQ:UBID) uBid, Inc. - (NASDAQ:MALL) Creative Computers, Inc. 05/28/99 (NYSE:DPH) Delphi Automotive - (NYSE:GM) General Motors Corp. 05/12/99 (NASDAQ:LPNT) LifePoint Hospitals - (NYSE:COL) Columbia/HCA 05/12/99 (NASDAQ:TRIH) Triad Hospitals - (NYSE:COL) Columbia/HCA 05/03/99 (NASDAQ:VSTR) VoiceStream Wireless - (NASDAQ:WWCA) Western Wireless 04/30/99 (NYSE:GK) GenTek - (NYSE:GCG) General Chemical 04/27/99 (NYSE:ITG) Investment Technology Group - (NYSE:JEF) Jefferies Group 04/06/99 (AMEX:EVRC) Evercel - (AMEX:ERC) Energy Research 04/05/99 (NASDAQ:VARI) Varian Inc. - (NYSE:VAR) Varian Medical Systems 04/05/99 (NASDAQ:VSEA) Varian Semiconductor Equipment A - (NYSE:VAR) Varian Medical Systems 03/19/99 (NYSE:PTZ) Pulitzer Publishing - (NYSE:HTV) Hearst Argyle Television 02/08/99 (NASDAQ:ARJ) Arch Chemicals - (NYSE:OLN) Olin 01/20/99 (NASDAQ:MMTM) Momentum - (NASDAQ:PSFT) Peoplesoft 01/04/99 (NYSE:PPE) Park Place Entertainment - (NYSE:HLT) Hilton Hotels 01/04/99 (NASDAQ:CNXT) Conexant - (NYSE:ROK) Rockwell International 01/04/99 (NYSE:PZE) PennzEnergy - (NYSE:PZL) Pennzoil Quaker State 01/04/99 (NYSE:CVG) Convergys - (NYSE:CSN) Cincinnati Bell 01/04/99 (NYSE:PHCC) Priority Healthcare - (NYSE:BDY) Bindley Western 01/04/99 (NASDAQ:LACO) Lakes Gaming - (NYSE:PPE) Park Place Entertainment 12/29/98 (NYSE:CLJ) Crestline Capital - (NASDAQ:HMT) Host Marriott 12/16/98 (NASDAQ:HIFN) Hi/FN - (NASDAQ:STAC) STAC Software 11/16/98 (NYSE:TNE) Tele Norte Leste - (NYSE:TBR) Telebras 11/16/98 (NYSE:TSP) Telesp Participacoes - (NYSE:TBR) Telebras 11/16/98 (NYSE:EMT) Embratel - (NYSE:TBR) Telebras 11/16/98 (NYSE:TCS) Tele Centro Sul - (NYSE:TBR) Telebras 11/16/98 (NYSE:TCP) Telesp Celular - (NYSE:TBR) Telebras 11/16/98 (NYSE:TSD) Tele Sudeste Celular - (NYSE:TBR) Telebras 11/16/98 (NYSE:TMB) Telemig Celular - (NYSE:TBR) Telebras 11/16/98 (NYSE:TSU) Tele Celular Sul - (NYSE:TBR) Telebras 11/16/98 (NYSE:TRO) Tele Centro Oeste Celular - (NYSE:TBR) Telebras 11/16/98 (NYSE:TND) Tele Nordeste Celular - (NYSE:TBR) Telebras 11/16/98 (NYSE:TBE) Tele Leste Celular - (NYSE:TBR) Telebras 11/16/98 (NYSE:TCN) Tele Norte Celular - (NYSE:TBR) Telebras 11/06/98 (NYSE:WDR) Waddell & Reed Financial - (NYSE:TMK) Torchmark 10/29/98 (NASDAQ:BVRS) BVR Systems - (NASDAQ:BVRTF) BVR Technologies 10/16/98 (NASDAQ:MRYP) Merry Land Properties - (NYSE:MRY) Merry Land & Investment 09/28/98 (NYSE:MXT) Metris Companies - (NYSE:FHUT) Fingerhut Companies 09/28/98 (NASDAQ:AMZ) American Medical Security - (NYSE:UWZ) United Wisconsin 09/24/98 (NASDAQ:LWIN) Leap Wireless International - (NASDAQ:QCOM) Qualcomm 09/15/98 (NYSE:IFG) Insignia Financial Group - (NYSE:AIV) Apartment Investment & Management 09/03/98 (NASDAQ:CLRP) Cellular Communications of Puert - (NASDAQ:COMMF) CoreComm 09/01/98 (NASDAQ:PPCO) Penwest Pharmaceuticals - (NASDAQ:PENX) Penford 08/19/98 (NASDAQ:CSON) Cohesion Technologies - (NYSE:CGEN) Collagen Aesthetics 08/10/98 (NYSE:PME) Penton Media - (NYSE:PRYA) Pittway 08/06/98 (NYSE:BH) Bristol Hotels & Resorts - (NYSE:FCH) FelCor Lodging Trust 08/03/98 (NYSE:MMH) MeriStar Hotels & Resorts - (NYSE:MHX) MeriStar Hotels 07/02/98 (NASDAQ:JPSP) JPS Packaging - Sealright 07/01/98 (NYSE:NMR) Nielsen Media Research - (NYSE:RX) IMS Health 06/29/98 (NYSE:TP) TNT Post Group - (NYSE:KPN) Royal PTT Nederland 06/23/98 (AMEX:AWX) Avalon Holdings - (NYSE:AW) Allied Waste 06/22/98 (NYSE:RHD) R.H. Donnelly - (NYSE:DNB) Dun & Bradstreet 06/18/98 (NASDAQ:MTLX) Marine Transport Corp. - (NYSE:OMM) OMI Corp. 06/18/98 (NYSE:CTZ) Chicago Title Corp. - (NYSE:Y) Alleghany Corp. 06/16/98 (NASDAQ:CCHE) Clinichem - (NASDAQ:BCHE) Biochem Pharma 06/15/98 (NASDAQ:HGPI) Horizon Group Properties - (NYSE:PRT) Prime Retail 06/10/98 (NASDAQ:AZTC) Aztec Technology Partners - (NASDAQ:OFIS) US Office Products 06/10/98 (NASDAQ:FLYR) Navigant International - (NASDAQ:OFIS) US Office Products 06/10/98 (NASDAQ:SCHS) School Specialty - (NASDAQ:OFIS) US Office Products 06/10/98 (NASDAQ:WORK) Workflow Management - (NASDAQ:OFIS) US Office Products 05/13/98 (NYSE:OTL) Octel - (NYSE:GLK) Great Lakes Chemical 05/01/98 (NYSE:VC) Vencor - (NYSE:VTR) Ventas 04/07/98 (NYSE:AFS) Associates First Capital - (NYSE:F) Ford Motor Co 04/06/98 (NASDAQ:SONO) SonoSite - (NASDAQ:ATLI) ATL Ultrasound 04/01/98 (NYSE:LVLT) Level 3 Communications - Kiewit 03/31/98 (NYSE:MWY) Midway Games - (NYSE:WMS) WMS Industries 03/27/98 (NYSE:AGX) Agribrands International - (NYSE:RAL) Ralston Purina 03/27/98 (NYSE:SDH) Sodexho Marriott Services - (NYSE:MAR) Marriott International 03/13/98 (NASDAQ:BEYE) Bolle - (NYSE:LNM) Lumen Technologies 03/10/98 (NYSE:VL) Vlasic - (NYSE:CPB) Campbell Soup Spin-offs Considered: -------------------- New: Cabletron Systems Inc. (NYSE:CS) considering spin-off of Spectrum network management unit: newsalert.com newsalert.com Microsoft (NASDAQ:MSFT) considering spin-off of Internet ventures: newsalert.com New Announcements: Irwin Naturals 4 Health (NASDAQ:HHHH) considering spin-off of HealthZone.com: newsalert.com newsalert.com Old: Viacom (NYSE:VIA) considering spin-off of Blockbuster: infoUSA (NASDAQ:IUSAA) considering spin-off of internet division: newsalert.com Motorola (NYSE:MOT) considering spin-off of semiconductor components group: Microage (NASDAQ:MICA) considering spin-off of distribution business: businessweek.com First Union Real Estate (NYSE:FUR) considering spin-off of Imperial Parking: Toronto-Dominion Bank (NYSE:TD) considering spin-off of TD Waterhouse Group, Inc. (NYSE:TWE): Fidelity Holdings (NASDAQ:FDHG) considering spin-off of non-automotive activities: Network Event Theater (NASDAQ:NETS) considering spin-off of internet subsidiary: IDT Corp. (NASDAQ:IDTC) considering spin-off of internet holdings: Media General (AMEX:MEGA) considering spin-off of cable assets: Bausch & Lomb (NYSE:BOL) considering spin-off of eyewear division: Unocal (NYSE:UCL) considering spin-off of non-oil E & P units: GM (NYSE:GM) considering spin-off of Hughes Electronics (NYSE:GMH): GM (NYSE:GM) considering spin-off of Saturn dealership units: News Corp. (NYSE:NWS) considering spin-off of Fox Entertainment Group (NYSE:FOX): Sprint Corp. (NYSE:FON) considering spin-off of Sprint PCS (NYSE:PCS): Tesoro Petroleum Corporation (NYSE:TSO) considering spin-off of exploration and production operations: newsalert.com MDC Communications Corporation (NASDAQ:MDCA) considering spin-off of some parts of company: newsalert.com STAR Telecommunications (NASDAQ:STRX) considering spin-off of european operations: newsalert.com Fleet Financial (NYSE:FLT) considering spin-off of internet brokerage: newsalert.com DaimlerChrysler AG (NYSE:DCX) considering spin-off of financial services: Century Business Services (NASDAQ:CBIZ) considering spin-off of risk-bearing specialty insurance segment: Reynolds Metals (NYSE:RLM) considering spin-off of some or all business units or assets: Billing Concepts (NASDAQ:BILL) considering spin-off of clearinghouse service or software divisions: Fairchild Corp. (NYSE:FA) considering spin-off of Fairchild Fasteners: Miller Industries (NYSE:MLR) considering spin-off of RoadOne (towing and recovery business): newsalert.com

To: Paul Senior who wrote (342)	9/27/1999 11:03:00 AM
From: Stewart Whitman	Read Replies (1) \| Respond to of 1185

Paul, Regarding SNC, I picked up some Ventiv Health WI (NASDAQ:VTIVV) trading at 9 and change. You might want to check it out - pretty good value I believe. My stats were as follows: 25 million shares $230 million market cap $350 million sales ~$1 EPS (more or less) 7% margins - very good cash flow business (low capex), - parent is buying back shares, - good insider ownership - managers have options, and incentives - good barriers for entry/exit (cost of switching, specific skill sets) Historical revenue growth has been spectacular with much through acquisition. Internal revenue growth has been > 20% - though it has stalled this year. I believe they're having some difficulties digesting some acquisitions in Europe. You can also do some comparisons with Quintiles Transnational (NASDAQ:QTRN). About 40% of its operations is what they call "commercialization" (the other segment is product development - i.e. "research"). On a cash flow basis, the commercialization side is a much better business than the product development side. QTRN trades at a P/S that's about double VTIVV. QTRN is also significantly off its highs of earlier this year. Regards, Stew