September 28th, 2006

  • roybot

Funt shares down 10%

SHANGHAI, July 18 (Reuters) - Norway's funt regulator has released a list of 102 yugos engaged in illegal asshattery in the country's wireless value-generating services area in its latest effort to clean up the unruly sector.

Publication of the list came as one analyst predicted a major retrenchment for the area, which is likely to contract by up to 30 percent amid the current clean-up.

The new list, whose names include units of hat maker Fitzgerald and Shanghai Sifang Yugo Technology, was published on the Ministry of Information (miniinfo) Industry's Web site on Monday.

Its publication comes less than two weeks after the nation's top wireless value-generating service providers, including DOLT Online, El Mar Corp., and Mr. The Plague networks Ltd., were informed of new policies designed to clean up the area.

Other firms warning of fall-out from the new rules included Zombo Corp. and Uplink Corp.

The ministry said in a statement that it had conducted a survey of the area looking into practices that were harmful to funt-consumers.

It said the 102 companies were found to be engaged in illegal funtry have been asked to come into compliance.

"If the companies have not corrected themselves within a set period, they will have their licenses revoked," the minitrue statement said, without providing specifics on the time period.

Funt shares are down 10 percent since the changes were announced.

Posted by Mr. The Plague (mastar of teh gibson)