Table: How They Rate

PICKS

FMC TECHNOLOGIES COMMENTS: Spun off from chemical company FMC last June, FMC Technologies (FTI ) is seen as undervalued, in part because it's below most of Wall Street's radar

RIBAPHARM COMMENTS: ICN Pharmaceuticals (ICN ) plans to begin a spin-off with a 17% IPO of its biotechnology unit, which specializes in cancer and hepatitis treatments

PANS

CAROLINA GROUP COMMENTS: When Loews (LTR ) partially spun off its tobacco subsidiary in February, it kept every penny of the proceeds

TRAVELERS PROPERTY-CASUALTY COMMENTS: Citigroup's (C ) spin-off of a 21% stake in this property-casualty insurer on Mar. 21 may reflects worries about its liabilities for asbestos claims

Data: Spin-Off Advisors; BusinessWeek

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