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A bit of Silly Valley lore: Go graph "Company builds a new campus" against "Company stock falls like a rock." Atari, 1983. Apple, 1991. Sun (both times, I fo
by kabdib 15y ago
A bit of Silly Valley lore: Go graph "Company builds a new campus" against "Company stock falls like a rock."
Atari, 1983.
Apple, 1991.
Sun (both times, I forget the years).
SGI, 1990s.
Various other companies (I forget which, it's been a while). It's like the hubris builds up to the point where the company is in a natural position to say, "Hey, we need a new campus," and the Gods decide that a little humiliation is in order as well . . .
- enra 15y agoSteve Blank has wrote about "Curse of a new building" http://steveblank.com/2009/05/15/supermac-war-story-11-the-curse-of-a-new-building/ http://steveblank.com/2009/05/15/supermac-war-story-11-the-c...
- lurker19 15y agoIs Seattle different? Amazon 2011? Does Microsoft's 20-year-long campus expansion count?
- YooLi 15y agoWhat about all the other companies that built new campuses and their stock didn't fall?
- Apple-Guy 15y agoExactly. Google's new campus: http://www.mercurynews.com/ci_18081606?nclick_check=1 http://www.mercurynews.com/ci_18081606?nclick_check=1
- ajross 15y agoThe causation goes the other way around though. Companies with precipitous stock drops are virtually always ones that had rapid growth leading up to the fall. Companies experiencing rapid growth generally need more space, and are more likely to "build a new campus" as a way to get that space.
- johnrob 15y agoAlso: Borland, mid-1990s.
- unshift 15y agoVMware, 2007-2008ish
- llambda 15y agoCorrelation does not imply causation.