IPOs are out of fashion. Here's what companies are doing instead.

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After Kellogg’s separation into two companies, Intel and BlackBerry are planning their own deals

While the current deal landscape on Wall Street remains low on M&A, initial public offerings , and other transactions, corporate spinoffs are chugging along.

In good times, Wall Street is hungry for any new stock and spinoffs are cheered as a way to unlock the value hidden in a neglected part of a conglomerate. On the down side, it can be more difficult for analysts and investors to figure out the actual value of a spinoff, since it’s taking a new form as a stand-alone business instead of a division of a diversified corporation.

“These [spinoff] opportunities may be getting more attention due to the lack of IPO alternatives and the strong preference on the part of many investors for focused, pure play companies,” Hwang said.As the fourth quarter gets under way, several have been announced in recent days:

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