Tellme's Naughty Schoolboy

Angus Davis hacked his school's phones and never quite found time for college, but none of that is chilling the Street's enthusiasm for what is likely to be a very hot IPO

It started with a prank. While attending the prestigious Phillips Academy Andover, Angus Davis hacked into the high school's phone system, letting fellow students make free long-distance calls. By the time the hoax was detected five months later, half the school was making free calls to as far away as Hong Kong and Andover racked up thousands of dollars in bills from kids dialing 1-900 lines.

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