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

To: Terry Maynard who wrote (256)	7/25/1998 3:27:00 PM
From: Stewart Whitman	Read Replies (5) \| Respond to of 1185

A summary of the lastest spin-off information. Stew Spin-offs In Progress: ---------------------- New Announcements: Fairchild (NYSE:FA) spinning-off fasteners division: newsalert.com Bindley Western (NYSE:BDY) spinning-off 82% of Priority Healthcare (NYSE:PHCC): newsalert.com Merry Land & Investment (NYSE:MRY) spinning-off certain land ownership/operations: www4.edgar-online.com Dynamics Research (Nasdaq:DRCO) spinning-off internet company: http://stewwhit:allaire@www.newsalert.com/bin/story?StoryId=CnBA1qbKbyteZmdK Hungarian Broadcasting (Nasdaq:HBCO) spinning-off adult entertainment business - Aug. 31, 1998: newsalert.com newsalert.com BVR Technologies (Nasdaq:BVRTF) spinning-off non-defense businesses: newsalert.com Creative Computers (Nasdaq:MALL) spinning-off 80% of online auction business uBid: newsalert.com Agouron (Nasdaq:AGPH) separating oncology division: biz.yahoo.com New News: American General Hospitality (NYSE:AGT) merger with spin-off of operating co. - July 31, 1998: biz.yahoo.com biz.yahoo.com Pittway (NYSE:PRYA) spinning-off Penton Media, Inc. subsidiary - July 31, 1998: biz.yahoo.com newsalert.com Bristol Hotel (NYSE:BH) merger with spin-off of operating co. - Aug. 6, 1998: biz.yahoo.com biz.yahoo.com The Dixie Group (NASDAQ:DXYN) spinning-off textile/apparel from floor-covering - 6 to 8 months to complete: biz.yahoo.com newsalert.com Cincinnati Bell (NYSE:CSN) spinning off Convergys (NYSE:CVG) (IS and billing): newsalert.com biz.yahoo.com biz.yahoo.com cincypost.com United Wisconsin (NYSE:UWZ) spinning off AMS business - 3Q 1998 newsalert.com smartmoney.com biz.yahoo.com biz.yahoo.com Dupont (NYSE:DD) IPO of Conoco with spin-off following - IPO as early as October: biz.yahoo.com newsalert.com newsalert.com Republic Industries (NYSE:RII) spinning of 68.6% stake in NYSE:RSG - in 1999: biz.yahoo.com biz.yahoo.com newsalert.com newsalert.com Old: Criticare Systems (NASDAQ:CXIM) spinning-off portion of Immtech newsalert.com Fingerhut (NYSE:FHT) spinning-off 83% ownership of Metris (Nasdaq:MTRS) - by end of 1998 biz.yahoo.com Kansas City Southern (NYSE:KSU) separating two investments from rail transportation Research note: biz.yahoo.com Qualcomm (NASDAQ:QCOM) spinning-off various wireless assets - next quarter: newsalert.com biz.yahoo.com biz.yahoo.com Telebras (NYSE:TBR) spinning-off 12 telecom companies: newsalert.com newsalert.com News Corp. (NYSE:NWS) IPO and partial spin-off of Fox: newsalert.com newsalert.com newsalert.com Rockwell (NYSE:ROK) to spin-off Semiconductor Ops - 1999: newsalert.com newsalert.com Fedders (NYSE:FJA, FJC) to spin-off Melcor (solid-state head pumps) newsalert.com Imperial Bancorp (NYSE:IMP) to spin-off Imperial Financial Group - Sept. 17, 1998: newsalert.com Hilton Hotels (NYSE:HLT) to spin-off gaming company - year-end 1998: newsalert.com newsalert.com newsalert.com Insignia Financial Group (NYSE:IFS) merger with spin-off of real estate services - 3Q 1998 newsalert.com AccuStaff (NYSE:ASI) IPO followed by spin-off - 1999 newsalert.com Kranzco (NYSE:KRT) recap/spin-off of New America Intl.: newsalert.com Penford (NASDAQ:PENX) spinning-off of Penwest Pharmaceuticals - completion by August 31, 1998: newsalert.com newsalert.com Sprint (NYSE:FON) creating tracking stock for PCS - IPO later this year, spin-off to follow: newsalert.com; Pulitzer (NYSE:PTZ) spinning-off newspaper publishing/new media as part of merger - by year-end 1998: newsalert.com Dover (NYSE:DOV) spinning-off its Elevator business - expected 4Q 1998: newsalert.com ESSEF (NASDAQ:ESSF) spinning-off Anthony & Sylvan Pools - IPO this year with distribution to follow: newsalert.com Penzoil (NYSE:PZL) and Quaker State (NYSE:KSF) merger/spin-off of consumer/E&P co. S&P Note: biz.yahoo.com Company PR: biz.yahoo.com AMREP (NYSE:AXR) wants to spin off its real-estate operations - early 1999 biz.yahoo.com Ugly Duckling (Nasdaq:UGLY) spinning off Cygnet Financial via rights offering biz.yahoo.com Jefferies Group (NYSE:JEF) spinning off ownership of Investment Technology Gr. (Nasdaq:ITGI) Torchmark Corp. (NYSE:TMK) spinning off ownership of Waddell & Reed (NYSE:WDR) - late 1998 Spin-offs Completed: -------------------- New: 070298 Nasdaq:JPSP - JPS Packaging (from Sealright merger) 062998 NYSE:TP - TNT Post Group (NYSE:KPN) Old: 070198 NYSE:NMR - Nielsen Media Research (from NYSE:RX) 062398 AMEX:AWX - Avalon Holdings (from NYSE:AW) 062298 NYSE:RHD - R.H. Donnelly (from NYSE:DNB) 061898 Nasdaq:MTLX - Marine Transport Lines (from NYSE:OMM) 061898 NYSE:CTZ - Chicago Title (from NYSE:Y) 061698 Nasdaq:CCHE - Clinichem (from Nasdaq:BCHE) 061598 Nasdaq:HGPI - Horizon Group Properties (from NYSE:PRT) 061098 Nasdaq:AZTC - Aztec Technology Partners (from Nasdaq:OFISD) 061098 Nasdaq:FLYR - Navigant International (from Nasdaq:OFISD) 061098 Nasdaq:SCHS - School Specialty (from Nasdaq:OFISD) 061098 Nasdaq:WORK - Workflow Management (from Nasdaq:OFISD) 051398 NYSE:OTL - Octel (from NYSE:GLK) 050198 NYSE:VC - Vencor (from NYSE:VTR) 040798 NYSE:AFS - Associates First Capital (from NYSE:F) 040698 Nasdaq:SONO - SonoSight (from Nasdaq:ATLI) 040198 NYSE:LVLT - Level 3 Communications (from Kiewit) 033198 NYSE:MWY - Midway (from NYSE:WMS) 032798 NYSE:AGX - Agribrands International (from NYSE:RAL) 032798 NYSE:SDH - Sodexho Marriott Services (from NYSE:MAR) 031398 Nasdaq:BEYE - Bolle (from NYSE:LNM) 031098 NYSE:VL - Vlasic (from NYSE:CPB) Spin-offs Considered: --------------------- New: Tenneco (NYSE:TEN) considering split of auto-parts/container-board businesses: newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com newsalert.com NovaCare (NYSE:NOV) considering spin-off: newsalert.com Zapata (NYSE:ZAP) to split internet/other: newsalert.com Old: CyberGuard (Nasdaq:CYBG) considering sale/spin-off of Galaxy Search Engine: newsalert.com newsalert.com Textron (NYSE:TXT) considering sale/spin-off of Avco (Financial Services) in 3Q/98: newsalert.com newsalert.com Unocal (NYSE:UCL) considering sale/spin-off of non-oil E & P units: newsalert.com Harnischfeger Industries (NYSE:HPH) considering split: newsalert.com newsalert.com newsalert.com newsalert.com CoreComm (NASDAQ:COMM) planning to spin-off business: newsalert.com Allegheny Teledyne (NYSE:ALT) considering separate consumer unit: biz.yahoo.com newsalert.com Microage (Nasdaq:MICA) separating integration services/distribution businessweek.com