Before the end of June, Tyco will spin off the electronics and health care divisions, which will become independent, publicly traded companies.

FORBES: Tyco Triple Play

New Venture Partners has joined with the Dutch electronics giant to spin off several companies based on technology first developed by Philips Research, with the first collaboration, Liquavista, being announced today.

ENGADGET: Philips spins off Liquavista to develop thin Electrowetting displays

We still don't feel like consumers are rushing out to buy those portable but quirky UMPCs (well, an unnamed Engadget editor actually did rush out to buy one -- and returned it shortly thereafter), but it seems like the form factor is here to stay anyway, and now Korean manufacturer Daewoo Lucoms -- a spin-off of Daewoo Electronics -- has released its own version called the Solo M1.

ENGADGET: Daewoo Lucoms releases Solo M1 UMPC

In Seoul, Samsung Electronics added 0.4% a day after saying it would spin off its liquid-crystal display business into a separate company.

WSJ: Asia Markets Finish Mixed

Sony shares are also surging after one of the company's biggest shareholders suggested the firm should spin off up to 20% of its entertainment business, and use the funds to shore up its struggling electronics arm.

BBC: New Year opening ceremony at the Tokyo Stock Exchange