Photos: Silicon Valley's office jinx

Photos: Silicon Valley's office jinx

Summary: For every Oracle success story, there are more than a few companies that have run into trouble right after moving into their fancy new offices.

TOPICS: Oracle

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  • Novell

    Company: Novell

    Campus: San Jose, Calif.

    What happened: Despite concern about competition from Microsoft, then-Novell CEO Eric Schmidt moved the company's Silicon Valley employees into a new complex in 1998. Since then, Novell's revenue has stalled for nearly seven years and most of its executives now work out of Utah, where Novell got its start, and at corporate headquarters in Waltham, Mass. The San Jose campus was eventually sold to eBay.

  • Siebel

    Company: Siebel Systems

    Campus: San Mateo, Calif.

    What happened: Siebel moved into its new headquarters, with a health club, swank cafeteria, and day care center, in early 2001, just as revenues were peaking. Rival software maker Oracle announced plans earlier this month to acquire Siebel, whose revenue has been on a three-year slide. (Photo submitted by Canonsreenu)

  • Oracle

    Company: Oracle

    Campus: Redwood Shores, Calif.

    What happened: Oracle, then a $584 million software company, set up shop in Redwood Shores in 1989. Its glass towers became a Silicon Valley landmark as Oracle went on to become the second-largest software company in the world. But even Oracle wasn't immune to the office curse: In 1990, the company had its first-ever money-losing quarter and was forced to lay off hundreds.

Topic: Oracle

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