Word: multitrillion
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Dates: during 2000-2009
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...more than 10 times your money in oil - and suddenly every dollar you put into the futures market controls well over $300 worth of oil. We can put a price tag on the whole market: for a mere $4 billion, you can easily control the fate of the entire multitrillion-dollar industry. Goldman Sachs pays out more than that in annual bonuses. (Read "The Reasons Behind Big Oil Declining Iraq's Riches...
...impressive growth and real profits. JDS Uniphase last week announced quarterly net income of $114 million; sales increased 173%, to $524 million. Corning earned $525 million last year on sales of $4.7 billion. (Optical components are 70% of its sales.) Unlike e-commerce or B2B start-ups, where forecast multitrillion-dollar markets have turned out to be largely theoretical, optical networking, according to industry consultant RHK, is a $6.6 billion annual business right now and is growing 75% annually. "There is an urgency because everyone feels as if they are going to miss out on the best optics deal," says...
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