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

its to simply cut down costs on things they dont really NEED. they dont need to be in such a high dollar area, they are a freaking company for god sake!.

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Ever notice how fast Windows runs?

Neither did I.

I wouldn't want to live in Milpitas, but I'm not too worried when I drive through it.

I used to live in Milpitas. It is actually a nice place to live, not even close to a ghetto. One bad thing about it was San Jose's open-water sewage treatment plant that was located next to Milpitas. If you had the wind blowing in the wrong direction... whoo-weee! Watch out! :-O

Growing up in the Bay Area, we had a nickname for Milpitas: the armpit of the Bay Area. Both because of the location map-wise (the peninsula being an arm) and that stinkin' sewage treatment plant. :)

There are a lot of "high-tech" companies headquartered in Milpitas. Cisco and Adaptec are a few of them.

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

Other regional offices aren't nearly so big!!

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

Which part of "Palm employees began moving last Friday and will continue to do so over the next three weeks." was unclear? True, the move was probably planned a long time ago. Pity Palm aren't going ahead with their corporate campus - that was a cool design.

I hear Xerox have real estate going cheap at PARC ....

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.

June 12, 2002: http://www.palminfocenter.com/view_Story.asp?ID=2021
June 16, 2000: http://sanjose.bizjournals.com/sanjose/stories/2000/06/19/story6.html

The June 16, 2000 article outlines the purchase from 3Com a parcel of land valued at $216M. After all fees are paid, etc., they wil lose out, but not as big as some are predicting, so this will only be a minor blip on their balance sheet.

Token.

>"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...

Remember they used to have 1.3B after IPO?
Where does it go? Palm doesn't lose that much
money by making these cheap Palms.

suddenly, there was rumors that they would run out
of money. And then a secret investor put in
$50millions. Big money to save the money.
A company that had over a Billion dollars just
a short while ago.
What a company!