Word: boom
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Where Are They Now? Ever wonder--maybe when you look at your 401(k)--what has become of those dotcommers who were household names during the tech boom...
...boom times, corporations gobbled up suites, which go for as much as $400,000 a season. "You could take orders for suites on napkins at a cocktail reception," says Bill Dorsey, executive director of the Association of Luxury Suite Directors, based in Cincinnati, Ohio. "Now you have to show value...
...shop business, firms like Petco helped spark a boom in part by changing people's conception of smelly, helter-skelter pet stores, according to Marshall Meyers, executive vice president of the Pet Industry Joint Advisory Council. After folks found that they adored their new cockatiel, they started going to local shops for accessories unavailable at the chains, he says. The hostility between the independents and the chains has abated somewhat, replaced by a realization that David and Goliath can help each other. Want a hedgehog? You'll have to visit a local pet shop--the big chains haven...
...banks have opened, and foreigners - once a novelty in Malabo - now cram the town's fancy new restaurants. There's so much construction, joke the locals, that if you open your mouth and stick out your tongue someone is likely to build on it. The source of this economic boom can be found buried beneath the nearby ocean floor. Over the past decade, foreign oil companies have found at least 500 million barrels of high-grade crude oil in the country's waters. Production has jumped from just 17,000 barrels per day in 1996 to more than...
...revenues for the industry have flattened: $6 billion in 2001, an uptick from $5.8 billion the year before but off from $7.1 billion in 1991, according to trade journal Vending Times. Arcade games took the hardest hit, dropping 15% in dollar volume in 2001. "When video games started to boom in the mid to late '70s, a manufacturer might sell as many as 80,000 to 90,000 units of a given game," says Michael Rudowicz, president of the American Amusement Machine Association, which represents manufacturers. "Today, if he has a fantastic product, he might sell...