Isnt that like a few years back when Cranfield University got all nice new NT Servers and they needed to give them a name.. Someone suggested to the boss to use an acronym includint the university name and the boss agreed...
Sounds like the (probably apocryphal) story of the time Newcastle Polytechnic became a university and the suggested new name was the City University of Newcastle upon Tyne, before some spoilsport stopped it.