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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: David Sunkel who wrote (1455)	7/16/1998 1:59:00 AM
From: Diane	Read Replies (2) \| Respond to of 4509

Looks like PSFT is planning for some big time growth. Here are some excerpts from the local Pleasanton paper.... "Business software giant PeopleSoft Inc has laid out plans for yet another massive expansion in the Tr-Valley. The company intends to build a campus complex of seven buildings totalling nearly 1 million square feet on prime land near the Dublin/Pleasanton BART station. Plans for the office complex submitted recently to the city for approval would add to the 900,000 sq ft of space the co. already has, including a newly completed 400,000 sq. ft. headquarters sitting just south of the proposed campus. PeopleSoft also has plans to erect as many as 2 million sq ft of space in east Dublin. The new Pleasanton plans...are needed to handle the company's mushrooming growth: PSFT's payroll nearly doubled from 1996 to 1997, and now totals 5100. Of that, 2100 work in Pleasanton. A total of 7500 employees are expected worldwide by the end of this year.... PSFT real estate consultant Brian Griggs agreed that th property is prime. "This is the best piece of land that remains in the Tri-Valley." The company has a reputation for making employees happy, and the design of the new campus - which will include outdoor volleyball parks and possibly two ponds - embodies a worker-friendly philosophy, Griggs said. "They're really trying to create a place to work that's not just productive," Griggs said. "It's fun."