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Topic: Stories Found In The News

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Slingshot Company Wham-O Sold To Chinese Company


Stories Found In The News




Slingshot Company Wham-O Sold To Chinese Company

Wham-O! Legendary toymaker is American-owned no more

Chinese investors couldn’t buy an oil company or the Maytag appliance company, but now a Hong Kong group has a claim on a genuine American business legend — Wham-O Inc., the maker of Frisbee, Hula Hoop, Silly String and Slip ’N Slide toys.

Privately held Wham-O said it had been sold to Hong Kong toy distributor Cornerstone Overseas Investments Ltd. for an undisclosed amount.

The 58-year-old company, of Emeryville, Calif., in recent years has bounced around more than a Super Ball — another of Wham-O’s famed inventions.

This marks the fourth change in Wham-O’s ownership since Rich Knerr and Spud Melin founded the company in 1948.

Wham-O got its name from the sound made by its original product, a slingshot.

Wham-O became ingrained in pop culture a few years later when it bought the rights to the Pipco Flying Saucer, which was later named the Pluto Platter before finally landing on the Frisbee brand in 1958.

The Hula Hoop craze made the company’s name a household word.

“Our brands aren’t considered hot because they are so old, but they are still cool,” said Mojde Esfandiari, Wham-O’s president. She hopes to double Wham-O’s sales during the next two to three years under Cornerstone’s ownership.

As the company changes hands yet again — Mattel held it for a time in the 1990s — its new owners promise to use their factories in China to deliver the products to new markets around the world.

“This is a very exciting deal, because of the strong brands and the expansion opportunities,” said James Rybakoff, chief executive of Akin Bay Co., the investment company that advised Cornerstone. “American retro-legacy brand names is what is in, and the Chinese love them.”

The deal also is an example of the new Chinese purchasing power — evidenced last year by bids for Unocal Corp. and Maytag Corp., although those ultimately failed.

In the past, U.S. companies outsourced their production or created joint ventures with Chinese partners that handled manufacturing and distribution. Now the Chinese are increasingly interested in buying established businesses and running the operations themselves.

“They want to keep the management and creativity and marketing in the U.S., but they want to have the manufacturing and back-office operations” in China, Rybakoff said.

Cornerstone plans to move Wham-O’s production to its larger Chinese factories to take advantage of economies of scale. Cornerstone is already doing business in 54 countries.

Cornerstone Chief Executive Jeff Hsieh owns a chain of 400 toy stores across China, making immediate distribution in Asia easier.

Cornerstone would not disclose the purchase price but said it was an all-cash deal for less than the $80 million Wham-O sought when it was on the auction block in 2004. Cornerstone said it would keep most of Wham-O’s 300 or so employees for now but had not made a decision for the long term.

“We’ve been expecting a sale of Wham-O for a long time, because the company has been struggling for quite a while,” said Jim Silver, editor of Toy Wishes magazine. “Their Frisbee sales have been shrinking. In in the water-slide business, they’ve lost market share to competition. And the majority of the hoop business is now with Maui Toys.”

The business was never huge — sales last year totaled about $80 million.




Jan 27, 2006  Send this story to someone Printer-friendly page
Back in my day, outdoors ruled the day....


Stories Found In The News




Back in my day, outdoors ruled the day....

Outdoors: Skip Hess
Back in my day, outdoors ruled day



I hear more and more people who hunt, fish and camp express their concern that kids are losing interest in outdoor activities; that they spend too much time in front of a computer screen and not enough time around a campfire or hiking a wooded trail.

I suppose that I'm among those folks who are guilty of saying, "When I was a kid . . . " That conversation invariably ends with, "Well, I suppose things change." But for me on this and every Christmas, things don't change. Christmas is a time to reflect on my childhood, when expensive gifts were not piled under an imperfect tree decorated with bubble lights, icicles and strings of popcorn.

When I was a kid (you knew it was coming, didn't you?), two or three gifts amounted to a bonanza. And two of those "presents" were usually socks and underwear.

I can't speak for the girls 50 or 60 years ago, but back then the boys high-tailed it outside on Christmas to play with things that we made ourselves. Down the alley about a half-block was a homemade basketball goal, the only one in the neighborhood, attached to the top of a chicken house.

The old leather basketball we used leaked air and belonged to the kids that owned the goal. When they took their ball and went home, the game was over. Nobody else had a ball. The small court was dirt; mud if it had rained or snowed. It was a place where you perfected your shooting, for if you missed the backboard, the ball hit the top of the shed, bounced into a fenced chicken pen and scattered squawking hens.

The ball always landed and rolled around in you-know-what, so the kid who shot the ball also had to clean it before it was put into play again. For my older brother and me, that game usually ended before noon, when it was time to climb into the 1952 two-door green Plymouth and head north to my grandparents' farm. And that's where many basketball games were played in the barn lot. The goal was a rusty metal band that once held barrel staves in place. It was nailed to the side of the barn.

Cousins Davie Lee, Rudy "Toot," Danny, Kerry and Ricky John who lived down the blacktop road came to play. So did the Crozier boys, as we called them. They had first names, but we never used them for some reason. They also had the ball. It was just a matter of time before the makeshift goal was bent beyond repair and we moved on to play hockey. The rink was down a gravel road where water pooled and froze in an open spot in the woods.

Hockey sticks were fashioned from tree branches and the puck was a tin can. When that game was over, we took a break to share (one swig each) a Nehi grape or orange soda. There was never a need for a bottle opener because the Crozier boys removed the caps by prying them off between their back teeth. Then we would go "hunting" down by the creek or over at the cliff. Our weapons were slingshots, made from tree branch forks, rubber Mason jar sealing rings or strips of inner tubes, and leather from an old shoe tongue.

The leather held the ammunition, which were quarter-size rocks that we carried in our pockets. We'd kick up a rabbit or covey of quail and fire our weapons. The arcing rocks might have traveled 20 feet at best. We'd return to my grandparents' house at sundown and sit around a potbellied stove, the only heat in the house, and wait for Granddad to fetch apples from the cellar. That was his Christmas gift to us. Sure, things have changed. Granddad and Grandma are gone. So are Rudy, Kerry and one of the Crozier boys.

But now, I see parents buying $100-plus tennis shoes for Christmas while I recall that we played outside on Christmas with cardboard from Quaker Oats boxes stuffed inside our leather shoes to plug holes in the soles. I see $100 play tents and recall that we built our own tent, using tree limbs for a frame and hay and straw for a canopy. We were outdoors because there was nothing to do indoors but, as adults put it, get under somebody's feet. But now, there's the Internet and there are no Dells and Gateways down the alley, in the barn or down by the creek.

In defense of kids, we have forced them to play inside by supplying them with endless video games to play in the theater room, and then wonder why they don't spend more time outside. So look around this Christmas, and if you see kids outside playing hockey with tree limbs and tin cans instead of on an electric air hockey table in the game room, or spot kids walking around with oatmeal box cardboard inserts in their shoes, let me know. I'll get the Crozier boys to bite the cap off of a Nehi soda and we'll celebrate -- right after we make some slingshots, gather some rocks and blast those confounded computers to smithereens.




Jan 26, 2006  Send this story to someone Printer-friendly page
Handcuffs are for all ages, but...


Stories Found In The News




Handcuffs are for all ages, but...

From the Joplin Globe:

* The decision to fire a former Joplin police officer accused of recurrent abuse of power, including his role in the handcuffing and arrest of an 11-year-old, has been upheld by the city’s personnel board.

* Charles Ward, who was fired from the police force in November, had appealed the city’s decision and contended he was fired because City Manager Mark Rohr wanted to retaliate for the “public relations nightmare” created by the handcuffing of an 11-year-old boy at an elementary school.

Kansas City police have no age restriction for use of handcuffs - but police have to have a reason, said KCPD Capt. Rich Lockhart.

"Handcuffing is viewed as a use of force", he said. "If you’re going to handcuff somebody, it doesn’t necessarily mean they’re under arrest, but you need to be able to articulate why you did it. If you’re handcuffing people just to handcuff ‘em, there could be an issue there. You’ve got to have a reason to do it.

"You’re trying to control somebody with the handcuffs. If you are I are talking, and you’re not giving me any reason to believe you’re being uncooperative...and all of a sudden I start trying to handcuff you, we might have an issue there with improper use of handcuffs. But let’s say you’re maybe not giving me all the correct information, you’re lying to me, I’m getting a sense from you you’re not cooperating completely, I may handcuff you for my own safety. In that sense, it’s preventive."


Jan 26, 2006  Send this story to someone Printer-friendly page
Police Injured By Boy With Slingshot


Stories Found In The News




Police Injured By Boy With Slingshot



Police injured in slingshot attack

Two police officers on Palm Island, off Townsville in north Queensland, have received minor injuries from what is believed to have been a slingshot attack on their patrol vehicle.

A small metal ball smashed through the passenger side of the vehicle while it was on patrol at about 9:20pm AEST yesterday.

A female officer has minor cuts on her arms while the other officer received cuts to the arms and one leg.

Police are still trying to locate the offender.

Police say the attack is another example of the regular acts of violence aimed at officers in the north Queensland Indigenous community.

Northern Region Superintendent John Howell says a metal object believed to be a bocce ball was launched through the patrol car's windscreen.

He says attacks on police vehicles at Palm Island are still happening more than a year after the police precinct was torched by locals following a death in custody.




Jan 25, 2006  Send this story to someone Printer-friendly page
Australian Customs Seizes 1000 "lethal" slingshots


Stories Found In The News




Australian Customs Seizes 1000 "lethal" slingshots

From The Age, an Australian Newspaper

Customs seizes 1000 slingshots

January 5, 2006 - 8:24AM AdvertisementAdvertisement

An illegal shipment of 1,000 potentially lethal slingshots has been seized by Customs officers in Western Australia.

The weapons were found last month when officers at Fremantle inspected a sea cargo consignment from China.

Customs WA Regional Director Paul O'Connor said slingshots were very dangerous weapon.

"This detection is another example of the effectiveness of Customs in preventing dangerous weapons reaching the streets," he said in a statement.

"Sophisticated screening procedures at the border allowed Customs to detect these weapons."

KIn follow up investigations Customs officers also took possession of documents at addresses in Canningvale and Willetton.

Slingshots with a wrist or forearm brace are prohibited under Customs regulations.

Anyone importing them without permission risks a fine of up to $275,000 and or 10 years in jail.

Original Article: Slingshots Seized in Australia




Jan 23, 2006  Send this story to someone Printer-friendly page

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