No More Olivetti As We Know It?

With the stock in free fall, investors are talking split-up

Break it up. Fast. That's the prescription of some big institutional investors for Olivetti, the $6.5 billion Italian telecom-and-computer company whose chairman, Carlo De Benedetti, abruptly resigned on Sept. 3. Since then, Olivetti's already-battered stock has slumped further, going from 49 cents a share to 38 cents in a week.

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