In his last quarter as a graduate student in electrical engineering at Stanford University, Akshay Kothari skipped out of school this spring and failed a bunch of his courses. Mr. Kothari wasn't lollygagging at the beach. He and fellow student Ankit Gupta used the time to finish up and roll out the Pulse News Reader, a $3.99 iPad application that quickly became the top paid offering in the iPad section of Apple Inc.'s App Store. The two developed the service as part of a class they did attend in the school's Institute of Design.
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