Apple Computer quietly accumulates tens of thousands of square feet of Cupertino office space

“Apple Computer Inc. has been quietly but consistently leasing tens of thousands of additional square footage in its hometown of Cupertino, beginning at the end of 2004 and continuing into this year, according to public records and commercial real estate sources,” Sharon Simonson reports for The Silicon Valley / San Jose Business Journal. “Since December 2004, the city of Cupertino has received seven applications from Apple for new business licenses at seven different Cupertino addresses involving just more than 250,000 square-feet, according to Cupertino finance department records.”

Simonson reports, “In total, Apple has paid city business license fees or filed an application for a business license with the city of Cupertino on locations totaling more than 2 million square feet, city records show. That total includes its six-building world headquarters campus at 1 Infinite Loop, which represents about 850,000 square feet of the total… The company’s strengthening business climate and expanded hiring have been well-documented. Apple reported one-year sales growth of more than 33 percent to $8.28 billion for the fiscal year that ended September 2004. Its net income for the year was $276 million.”

Simonson reports, “In the same fiscal year, its employee headcount grew by 23 percent to nearly 13,500, according to the Hoovers reserach firm… Jim Beeger, a senior vice president with Cornish & Carey Commercial, a regional real estate brokerage, says ‘Apple is very quietly going around and taking 20,000 feet here and 30,000 feet there and really doing it quite quietly. Ironically, a lot of these buildings Apple moved out of in the 1990s.'”

Full article here.
Which reminds us: TPS reports are due this afternoon.

31 Comments

  1. MDN,

    Just tell him:

    “Not right now Lumbergh, we’re kinda busy. You know what, in fact we’re gonna have to ask you to just go ahead and come back later, we’ve got a meeting with the Bobs in a couple minutes.”

    ” width=”19″ height=”19″ alt=”cool smirk” style=”border:0;” />

  2. If they move my desk one more time, then, then I’m, I’m quitting, I’m going to quit … They’ve moved my desk four times already this year, and I used to be over by the window, and I could see the squirrels, and they were merry, but then, they switched from the Swingline to the Boston stapler, but I kept my Swingline stapler because it didn’t bind up as much, and I kept the staples for the Swingline stapler and it’s not okay because if they take my stapler then I’ll set the building on fire…

  3. Which reminds us: TPS reports are due this afternoon.

    Sounds like someone’s got a case of the Mondays.

    MW: always. As in, “I always watch Office Space when I stumble across it channel surfing. Always.”

  4. I remember reading about a technique used for investing where somone would monitor the parking lot of a company. When they stated to notice a lot of people in the evenings and weekends, this signaled that there was going to be a major announcement coming up.

    The way I am reading this is that there will be an up swing in R&D as well as more people to keep up with the increased workload. I don’t see this as a short term event, but rather as something a year out. This would align up well with the Intel based Macs.

    BTW, the CIA knowing this technique keeps their parking lots at a consistant level so as not to provide any signals to spying countries.

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