20 Years in Folsom
From May 2005
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Lessons Learned
It has, of course, not been all sunshine and home runs. The “dot-bomb” slump of 2000 and beyond forced the Folsom campus to significantly cut payroll — from 7,500 in 2000 to the current 6,500, with no plans to expand.
But the hit went deeper than losing employees, according to Carlene Ellis, who served in numerous vice president-level positions during her 23-year Intel career before retiring in 2003.
Ellis says the big bust also fostered a rapid end to a few Intel spin-off ventures, most notably Pandesic LLC, a joint venture between Intel and Germany’s SAP that started in 1997 amidst the rampant optimism of the tech boom.
Pandesic’s forte was delivering back-office solution systems, primarily to the legions of dotcoms that were springing up faster than the jack rabbits the Folsom campus construction displaced in 1985.
Although credited in most circles as one of the few affordable pathways into e-commerce, particularly for small- to medium-sized businesses, the company never made money, and when the tech boom went away in 2000, so did Pandesic.
A Little Too Late
Continued...
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