Here is why they build from 10-K:>>At the end of 1997, two of the Company's San Diego lease agreements for office and research facilities expire. The Company plans to occupy a build-to-suit facility prior to the termination of those leases. In March 1997, the Company entered into a 15 year lease, with a 5 year extension option, related to the build-to-suit facility.<< and >>At the end of 1997, one of the Company's main operating lease agreements for office and research facilities expires, at which time the Company plans to move into its second build-to-suit facility. In March 1997, the Company entered into a 15 year lease, with a 5 year extension option, related to the build-to-suit facility, and loaned the construction partnership $3.7 million which will be paid back with interest over a 10 year period. In February 1997, the Company signed a master lease agreement to finance future capital equipment up to $1.5 million, and the Company intends to obtain additional financing for 1997 capital equipment.<<
The ratio of cushy offices to labs would be good to know. squetch |
