What it turned to was high-tech telecommunications, specifically fiber optics, the glass threads that are replacing copper telephone wires.
In Placerville, Calif., a stockbroker named D. C. Williams took advantage of the latest high-tech telecommunications gear in an insider trading scam.
The stranger in the bar identified himself as Edward Michael Beagan, the wealthy owner of a high-tech telecommunications firm named Computersat with offices in Rockefeller Center.
"We are a high-tech telecommunications company formed with the strength of a national research institute coupled with the expertise of Chinese scholars studying abroad," the company's Web site says.
In about two years, Ackerman sold the kitchenware division that made Corning a household name and focused the conglomerate on high-tech: telecommunications, especially fiber optics, and advanced materials.
They began to switch money from stodgy mutual funds into fast-growing companies or funds dedicated to high tech, biotech and telecommunications.
Though the oil industry has historically dominated Tulsa's economy, efforts in economic diversification have created a base in the sectors of aerospace, finance, technology, telecommunications, high tech, and manufacturing.
Alcatel is one of France's largest industrial companies, it supplies high tech equipment for the global telecommunications industry.
The high-tech industry, telecommunications, manufacturing and services already need people.
"The high-tech and telecommunications industries are experiencing a pronounced slowdown".
