Most investors don't think of Rayonier Inc. (NYSE: RYN) as a high-tech firm.
This 85-year-old forest products company operates as a Real Estate Investment Trust (REIT) after being first acquired, then later spun-off, by ITT Corp. (NYSE: ITT).
It owns some 2.7 million acres of timberland and is one of the largest landowners in the United States and New Zealand.
That sounds like a pretty low-tech operation - turning forest lands into lumber, pulp, and paper products.
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Be Ready When This Tech Spin-Off Hits Wall Street
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