1. Also yesterday, ExciteAtHome scrubbed plans, announced in November, to create a separate tracking stock for its portal business. 2. Applera now lacks stock of its own but has two tracking stocks, Celera and Applied Biosystems. 3. At least two analysts noted privately that tracking stocks often trade at a discount. 4. Before Sony can issue a tracking stock, however, shareholders must approve the plan at an extraordinary meeting. 5. BellSouth has announced plans for a tracking stock to represent its Latin American unit. 6. A. Usually there is very little effect on the parent company stock after the tracking stock is created. 7. A tracking stock covers a business unit that is owned by a parent company but reports its own financial results. 8. A tracking stock is not a company that has been spun off. 9. A tracking stock lets companies highlight the financial value of a business unit without relinquishing ownership. 10. A tracking stock could also provide the Latin American units with more capital for expansion. |