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Technology Stocks : Comdisco, Inc. (NYSE: CDO) -- Ignore unavailable to you. Want to Upgrade?


To: john t. brice who wrote (401)3/2/2000 9:06:00 PM
From: KevRupert  Read Replies (2) | Respond to of 689
 
John, My understanding was that cdo would spin off Prism to its shareholders in an IPO, based upon the following bw story. (My understanding is that Prism will be spunoff to shareholders in a tax free transaction. A small piece, like 15% - equal to the Ventures expected ratio, may be spunoff first to establish a price for Prism):

Quoted from Business Week from cdo's website news archives:

Two things: Some pros expect Comdisco to hasten the timing of the initial public offering it plans for its Prism Communications unit--a high-speed Internet access provider--to early March. And the board-approved creation of a tracking stock for its Comdisco Ventures unit, which invests in venture capital-backed companies, including budding Internet outfits, could also come earlier.