Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, August 31, 2007

Article Excerpt

NCR CORP. $49.77, New York symbol NCR, has fixed the terms of its planned spin-off of subsidiary Teradata Corp. NCR stockholders will receive a special dividend of one Teradata common share for each NCR share they own. The dividend is a tax-free distribution. NCR stockholders will only have to pay capital gains taxes on Teradata when they sell the stock. Teradata will trade on New York, symbol TDC. The stock will begin trading on a “when issued” basis on September 14. Regular trading begins October 1. Teradata makes computers and software that capture and store large quantities of a business’s data, such as its sales and inventory. Analyzing this data to identify buying habits and trends helps Teradata clients make better decisions and expand profits. The breakup will let NCR focus on its ATM and cash register operations, which now account for 75% of its total revenue. Demand for new ATMs could weaken in the next few months, as rising mortgage losses…