Monday, September 24, 2007

CoCo Minott #2

When Crowe sold his company there was already an explosive growth of the internet, along with a surge in the amount of digital data being pushed through fiber optic pipes. By 1997 the network traffic was said to double every 100 days. This put fiber optics in very high demand.

This gave Crowe the perfect opportunity to start his new business, for fiber optics. By 2001 his company was already worth 13 billion dollars. Because Crowe was well known he was aslo able to survive the crash of the fiber optics market later on.

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