& , . , , -. , 1990- . - . ,
. , , , . , , 1.
(spin-off) , - . , . (carve-out) , . , .
, , - , , . , . , .
1990 . 1998 . $34 . 1990 . . . 6.5 1990- .
, . Securities Data Corporation, 1990 1998 .
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1 A. Currie, Spin-offs in a spin, Euromoney, Jan. 1998.
: Secmities Data Company, J. P. Morgan.
. 6.5. , 1990-1998 .
87% . 10%, 3%.
1990- . 40% , 50% . : 80% . . . , .