Word: resoldered
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...improving. But 30 Boxes' founders know a lot about working from scratch. They created and sold photo destination Webshots twice--first to Excite@home (another dotcom casualty) for $82.5 million in stock in 1999 and then, after buying it back in 2002 for $2.4 million, they retooled it and resold it to CNET for $70 million in 2004. Will they try for the hat trick? "We could go into a larger organization and bring some really fresh ideas," says Davidson. "I'm not anti-acquisition...
...much as $500,000 an episode, compared with $200,000 for sitcoms five years ago. Touchstone's Ugly Betty is on its second global lap. Based on the wildly popular Spanish-language telenovela Yo Soy Betty, la Fea, it was redeveloped for a U.S. audience and is now being resold in Europe and elsewhere--in some cases dubbed into Spanish...
...specially created Cayman Islands firm that, acting on the advice of wine experts and auction houses, buys and stores select vintages. Investors wanting to cash out after the minimum one-year holding period may redeem their shares for actual bottles of wine, which can be drunk or resold at a profit (or loss) by a wine broker. "It's a physical fund, and it's very liquid," quips Daniel Truchi, the CEO of SocG?n's private-banking operation in Asia. The minimum investment in the fund...
Millet is well aware that many Europeans still view U.S. private-equity groups as unscrupulous financiers "who will debone a company and chop it up into slices like a sausage." But with time, as more and more companies on the Continent get bought and resold, he believes people will understand that private equity is a positive force. "We are important actors, and we are creating value, we are creating jobs, and we are developing firms. Little by little, that message is getting through," he says. Perhaps, but the Europeans are still on the lookout for locusts. --Reported by Daren Fonda...
...island's nimble manufacturers produce more than two-thirds of the globe's LCD monitors, nearly three out of four notebook PCs, and four-fifths of PDAs. Yet most of this digital gear is made under contracts with big foreign tech companies like HP, Apple and Dell and is resold to consumers carrying those well-known brand names. No longer...