Acquicor Technology Inc

It's a known fact that Apple stock has doubled in less than a year. Many entrepreneurs found ways to join the success of the iPod by building add-ons whose sales increased rapidly. Now even Apple alumni who have no association with the company's current success are trying to take advantage of emerging market trends.

Acquicor, a recently organized Delaware blank check company, has registered for an initial public stock offering. ThinkEquity Partners and CRT Capital Group are the lead underwriters on the deal. The company began trading on the American Stock Exchange under the ticker ACQU.

Its founders are Gil Amelio, briefly Apple's CEO in the mid-1990s; Ellen Hancock, his Apple lieutenant; and Steve Wozniak, Apple's co-founder. Acquicor's founders are very experienced, but don't have much background in buying and running companies.

Acquicor is an example of a special purpose acquisition company formed by investment bankers to eager public shareholders. It's appropriately named a "blank check" company because if you buy its shares you're giving a blank check to its founders.

According to its offering document filed with the Securities and Exchange Commission, Acquicor focus is "on businesses that develop or provide technology-based products and services in the software, semiconductor, wired and wireless networking, consumer multimedia and information technology-enabled services segments."