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Internet Butler Scraps Plans for Additional 46,000 SF in Oakland

EMERYVILLE, CA-Ask Jeeves, which has plans to move into Oakland's 180,000-sf City Center by January 2002, is opting to sublease 46,000 sf of additional space that the company once contemplated using.

By Becky Bergman | Updated on December 26, 2000

EMERYVILLE, CA-Emeryville-based Ask Jeeves, one of the most popular and widely known search engines on the Net, has scraped plans to occupy an additional 46,000 sf in Oakland’s City Center and has put the space up for sublease, according to sources close to the company.

The news follows announcements that Ask Jeeves slashed 25% of its workforce and replaced CEO Robert Wrubel. The company’s stock has also suffered the fate of many in the Web business, trading at a record low of $3 a share after hitting nearly $200 a share one year ago. In it’s most recent quarter, which ended on Sept. 30, Ask Jeeves posted losses of $38.5 million on revenue of $29 million.

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