Emerson Electric to spin off network power business

The network power business, which makes power systems that help keep telecommunication systems, data networks and other critical business applications operating continuously, accounted for about 20 percent of total sales in 2014. Sales at the network power unit fell 18 percent in 2014 and 9 percent in the second quarter ended March 31, as global telecommunications companies cut spending.

Emerson Electric to spin off network power business source: http://finance.yahoo.com/news/emerson-electric-spin-off-network-160122812.html