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GPS » Topics » Headquarters Facilities

This excerpt taken from the GPS 10-Q filed Jun 2, 2005.

Headquarters Facilities

 

We recently completed an assessment of our available space and future office facility needs. In mid-May 2005, we decided that we would occupy one of the vacant leased properties in San Francisco. The sublease loss reserve of $58 million at April 30, 2005 will be reversed in the second quarter of 2005. Planning efforts to design and construct this space for occupation in 2006 have not commenced.

 

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Deloitte & Touche LLP

       

50 Fremont Street

San Francisco, CA 94105-2230

USA

 

Tel: +1 415 783 4000

Fax: +1 415 783 4329

www. deloitte.com

 

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