When a dotcom bombs

  • Michael Liedtke / Associated Press
  • Thursday, July 26, 2001 9:00pm
  • Business

By Michael Liedtke

Associated Press

SAN FRANCISCO — Before it went bankrupt three months ago, Quokka Sports Inc. provided its workers with comfortable front-row seats to the dotcom decadence that burned through billions of dollars in just a few years.

Investors poured nearly $200 million into the Internet company, some of which helped finance an office that looked more like a technology playground than a workplace.

On Thursday, the company’s lavish office went on display as auctioneers prepared to sell Quokka’s furniture and equipment.

Each of the company’s 284 employees had his own plush Herman Miller Aeron executive chair, retailing for $675 apiece. As they tended to Quokka’s sports Web site, workers could gaze up at the 20-inch Sony Wega TVs anchored above their desks.

Some workers never bothered to even go home, preferring to sleep in the splendor of Quokka’s office, according to Victoria Stevens, a former Web page designer for Quokka.

"We all got pretty spoiled," said Stevens, who now works for a more frugal Internet business, Redspark.com. "No matter how much we knew it was all going to end, we all loved Quokka. No other job atmosphere will ever compare to it."

The auction featured a portion of the $45 million in assets that Quokka left behind in late April when it closed its sports Web site and filed for Chapter 11 bankruptcy protection from 3,000 creditors and investors owed nearly $70 million.

The luxury items up for bid included more than 300 of the Herman Miller chairs; enough big-screen TVs to fill an electronics store, including a $12,000, 42-inch flat-screen TV that hung above Quokka’s reception desk; custom-made workstations that cost $1,500 apiece; digital cameras; and, of course, expensive Internet networking equipment along with more than 300 personal computers and laptops.

"It’s really sad to see, but it does bring a kind of closure," said Jim Castle, one of Quokka’s three remaining workers.

Several hundred bidders registered for the auction, but even more people showed up Wednesday during an auction preview at Quokka’s headquarters in the dotcom heartland of San Francisco’s "Multimedia Gulch."

Quokka’s $92,000-per-month rent at its 26,000-square-foot office served as another reminder of how far dotcoms strayed from the days when legendary Silicon Valley companies such as Hewlett-Packard and Apple Computer started up in garages.

"Those kind of start-ups went the way of the dodo bird," said high-tech worker Kip Wolin of Oakland as he tested out one of the executive chairs during Wednesday’s open house. "This was the way dotcoms did things. It was nothing but the best."

Copyright ©2001 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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