Word: backdoors
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Wang's plan to leap into the U.S. was simple: buy a small, listed American firm and move his own operations into its corporate shell. He has used such "backdoor listings" at home by buying a mango packer, shifting part of his meter business to it and renaming it Holley Science and Technology. For his U.S. debut, he chose a struggling, NASDAQ-listed California firm called American Champion Entertainment. Its main asset was a kids' TV show, Adventures with Kanga Roddy, about a karate-kicking marsupial. Wang paid $5 million in early 2001 for a controlling interest. Two months later...
Between the Quaker chaos and with Yale still reeling after being swept by Brown, the title chase is wide open. Shutting the backdoor tonight at Princeton could now officially blow the barndoor open in the Ivy race...
...less-receptive consumer add another complication: cut-throat competition. In an effort to grab market share, China Mobile and China Unicom are already circumventing government price regulations through handset subsidies and other backdoor give-backs. According to CSFB analysts, China Unicom even appears to be cannibalizing its existing customer base of GSM subscribers because of incentives designed to attract users to its new high-speed wireless network, based on a transmission technology called CDMA...
...ballot by the state legislature as a backdoor attempt to kill the voter-approved Clean Elections law,” Wilmot says. “But it purposely...presents it in the most negative light possible...
...Quakers went up 2-1 with just under 20 minutes left after scoring through the backdoor on a penalty corner. But that score was quickly answered by Gambale, who scored off a feed from sophomore Tiffany Egnaczyk. The Crimson never trailed again...