Comments on: Palm and PalmSource Moving to New Locations

1. Sold their own crib

2. Getting kicked out-"moving" out of their current rented crib

3. Moving to a cheaper location/getto

Not "good thinking", but more like desperation

Did you even follow the link to "The Argus"???? If you had you would have know better than to post such nonsense!

Palm's Milpitas office is in the cavernous McCarthy Center along Interstate 880. The complex has been a ghost town since Cisco Systems Inc. employees moved out last year.

Palm is subleasing three cookie-cutter buildings in the 19-building office park from Cisco, which holds the lease to the property. The sublease is for 153,275 square feet of space and is larger than its 144,900-square-foot headquarters in Santa Clara.

In 2000, Cisco Systems Inc. signed a lease for the McCarthy Center. But as the economy faltered, Cisco scaled back on its move and eventually left the buildings empty.

Sixteen of the park's 19 building are vacant. Cisco hasn't announced what it plans to do with the rest of McCarthy Center, though it has subleased some property to three other tenants who are smaller than Palm.

Palm is the second major tech company to move to Milpitas this year.

Here's some interesting information from John Igoe, Palm's vice president of real estate and site services,

"By subleasing from Cisco, we are strengthening our relationship with them," he said. "This is a great opportunity for both of us to benefit financially and help each other with technology."

It appears from that statement that Palm may be considering incorporating Cisco technology into its future Palm Pilots!

-PZ

Sunnydale only exists in Buffy the Vampire Slayer ;)

It should be Sunnyvale. I don't know
their address though. I assume it is not next to
my house.

ted

Remember those days? It was the New Economy and the stock market was heading for 30,000. Business plans were a waste of time. Add .com to your business name and venture capitalists would hand you millions. What a screwed up time. I miss it.

>"This is by far the most expensive piece of property that's ever sold in North San Jose," said Mike Brand, a real estate agent with Cornish & Carey Commercial.

WOW - what a difference a couple of years makes...