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Boeing Ponders Future of High-Growth Units

November 21, 2000|Associated Press

Boeing Co. is considering spinning off some of its prospective high-growth businesses, including one that offers Internet service for aircraft, though it said it has not made final plans. "We have always said that as these high-growth businesses mature, we would look at ways to maximize potential for shareholders," said Boeing spokesman Larry McCracken. One scenario would call for Boeing to make new companies out of one or more of the businesses. Shares of a new company would be distributed to Boeing shareholders. Another option for Boeing is to offer a tracking stock for a business segment. Tracking stocks allow investors to purchase opportunities in a specific segment of a company's business but don't confer actual ownership of the company. Boeing closed up 19 cents at $65.56 on the NYSE.

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