Mycroft_514 writes: "http://news.com.com/2100-1014-6148057.html?tag=tb NCR, an ATM maker and cash register pioneer, plans to spin off its Teradata software unit from its banking and retail equipment business, creating two publicly traded companies. The tax-free spinoff is expected to be completed in six to nine months, NCR said Monday. Teradata sells data warehousing software, which is used to comb vast amounts of data, analyzing retail buying patterns and other types of business trends. It had sales of $1.5 billion and operating income of $309 million in 2005. NCR's core business sells specialized computer systems including automated bank teller machines and retail checkout equipment. It rang up sales of $4.5 billion and operating income of $251 million in 2005. "Teradata and the new NCR operate in different markets, each with solid prospects for the future. But they have markedly different business models," NCR Chief Executive Bill Nuti said in a statement. Analysts have speculated that the company might spin off Teradata to boost its stock price. They have said that the combined stock value of two separate companies might be higher than NCR's current value as the software unit has higher profit margins than NCR's other businesses. Nuti will serve as CEO of the new NCR. Mike Koehler, senior vice president of the Teradata division, will serve as CEO of the spun off software maker. The stock distribution ratio will be determined at a future date, NCR said. JPMorgan is its financial adviser. Story Copyright © 2007 Reuters Limited. All rights reserved. My take on this? We have now come full circle, back to where we were 13 years ago. At&T bought NCR who bought Teradata. Now AT&t spun off NCR and fianlly NCR spins off Teradata. I said back in 1993 that there was no value in one buying theother, and now the finacers agree. But in the meantime, many people lost jobs — including me."