Hard Drives International
In 1986, Eric Crown and his brother Tim Crown obtained a $2,000 advance on a credit card, enabling them to place a single advertisement in Computer Shopper, a computer parts magazine. The brothers wrote an advertisement and sent it to Computer Shopper for them to publish in their next magazine issue. At the time that the brothers wrote the advertisement, they were advertising a hard drive for a sales price that was less than the cost of purchasing the hard drive from a supplier. They were gambling that, in the 20 days it would take to publish the magazine issue, the cost of a hard drive from a supplier would decrease so that it would be less than the selling price that they wrote in the advertisement. The gamble succeeded, as prices fell below the advertised price, and Hard Drives International became well known for having the lowest prices on hard drives.
Read more about this topic: Eric Crown
Famous quotes containing the words hard and/or drives:
“A theory if you hold it hard enough
And long enough gets rated as a creed....”
—Robert Frost (1874–1963)
“Such joint ownership creates a place where mothers can “father” and fathers can “mother.” It does not encourage mothers and fathers to compete with one another for “first- place parent.” Such competition is not especially good for marriage and furthermore drives kids nuts.”
—Kyle D. Pruett (20th century)