Fallout from Frisco
Wheatley, C.
Fallout from Frisco - 2001 - Estates Gazette (0016) 21 April 2001, 57-59(3) .
Describes the problems faced by high-tech sector as companies in the UKmirror those of the United States by scaling back their property plans. Follows the fortunes of CISCO systems which has recently posted a profits warning and announced plans to sack a quarter of its global workforce. Warns there is a strong possibility of more problems in the future. For example in the part of the United States around Silicon Valley many companies are expected to collapse over the next 12 months. UK agents downplay the possibility of such a collapse here, but the market is still unpredictable. Tables show Thames Valley Office Space under construction and Cisco shares fall over the past year.
HIGH TECH SECTOR
CISCO SYSTEMS
SHARE PRICES
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
US ECONOMY
READING
Fallout from Frisco - 2001 - Estates Gazette (0016) 21 April 2001, 57-59(3) .
Describes the problems faced by high-tech sector as companies in the UKmirror those of the United States by scaling back their property plans. Follows the fortunes of CISCO systems which has recently posted a profits warning and announced plans to sack a quarter of its global workforce. Warns there is a strong possibility of more problems in the future. For example in the part of the United States around Silicon Valley many companies are expected to collapse over the next 12 months. UK agents downplay the possibility of such a collapse here, but the market is still unpredictable. Tables show Thames Valley Office Space under construction and Cisco shares fall over the past year.
HIGH TECH SECTOR
CISCO SYSTEMS
SHARE PRICES
PROPERTY-COMMERCIAL PROPERTY-OFFICE PROPERTY-OFFICE PROPERTY MARKET
US ECONOMY
READING