Westlake
Move Inc., the realty-related Westlake Village online firm that has only turned in a profit three times since 1993 and whose stock has lost more than 90 percent since its bubble-fueled peak, has moved. Sort of.
The company is the parent of Move.com and Realtor.com, Web sites aimed at selling homes and connecting Realtors with customers. In its most recent quarterly report, the company reported a net loss of $758,000 — a big improvement over the $22.7 million loss the same time last year — and that it has moved its official address to Campbell, a nondescript city nestled in the Silicon Valley.
But Move spokeswoman Julie Reynolds said the change is only on paper. Move’s top leadership — Chief Executive Officer Steven Berkowitz and Chief Financial Officer Robert Krolik, both of whom joined the company this year — operate from the company’s offices in Campbell. The bulk of the company’s operations take place at Westlake Village, and that won’t change, Reynolds said.
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