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Salesforce.com (NYSE:CRM) has cancelled plans to build a giant new headquarters in San...

Feb. 29, 2012 11:07 AM ETSalesforce, Inc. (CRM) StockCRMBy: Eric Jhonsa, SA News Editor
Salesforce.com (NYSE:CRM) has cancelled plans to build a giant new headquarters in San Francisco, and investors are skeptical of the company's explanation that the decision was due to faster-than-expected growth - especially since it has already spent $278M on the project. For now at least, Salesforce is coping with its growth by leasing another 400K square feet of office space in the city.

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