The matches have mostly been held on a stand-alone basis.
On a pure stand-alone basis, it's a business that I've got to believe is running at less than a 3 percent or 4 percent margin.
"At the present time, the only thing we have to consider is Macy's on a stand-alone basis."
"If you look at the stadium as presently projected, it doesn't appear to meet the finances on a stand-alone basis."
You can imagine this would be hard to do on a stand-alone basis.
A key point was that activities should be integrated into packages of services, rather than being provided on a stand-alone basis.
"Why give up control for less than the company is worth on a stand-alone basis?"
Another "pivotal question," he said, "is the value of the health care business on a stand-alone basis."
Microsoft is also including a variety of features it had been selling on a stand-alone basis.
Previously its operating entities in various financial services sectors operated largely on a stand-alone basis.