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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)
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To: tom pope who wrote (1634)6/9/2003 11:39:27 AM
From: IRWIN JAMES FRANKEL  Read Replies (1) of 3044
 
>why close an operation when u just invested into a 30 million$ building?

Tom's point is well taken.

I would add that the employment expense associated with that facility is likely 20 to 60 times the real estate costs. And the RE costs can be unloaded in some fashion (sale, sublease).

ij
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