News Burst: Expedia may start Microsoft spin-off phase
Published: 11 Nov 1999 16:30 GMT
It's no surprise shareholders gave Microsoft a standing ovation Wednesday -- shares are stuck in a holding pattern and the company still brings home the bucks by spinning off Expedia in an IPO. If Expedia's success is any indicator, you'll be seeing a lot more spin-offs from Microsoft.
Shares of Expedia jumped nearly 300 percent Wednesday as investors clamored to get an IPO stake of the Second Coming of Microsoft. Of course, Expedia is anything but the next Microsoft of online travel because it faces a lot of competition, but you never know.
Full story to follow.
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