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Technology Stocks : Macromedia...making a comeback? -- Ignore unavailable to you. Want to Upgrade?

To: Allen champ who wrote (2404)	1/28/1999 10:00:00 PM
From: Thai Nguyen	Read Replies (1) \| Respond to of 2675

SPIN OFF! CBSMarketwatch.com (MKTW) offers one recent example of website spinoff: MKTW IPO gave its 50:50 owners, CBS and DataBroadcasting (DBCC), an expanded capital base ($$$ for subsidiary MKTW shares)without diluting voting or equity positions within each of the parent corporations. CBS and DBCC each retained about 38% of the independently funded subsidiary, Marketwatch -- which previously was only a cost drain to its parents. MACR could spin off as much as 49% of Shockwave.com in an IPO, maintain full management prerogative, and bring the proceeds of the IPO into MACR's consolidated accounting (ultimatley, $/MACR share). Not bad.