“Apple Computer Inc. raised its estimate for fiscal year 2006 capital expenditures to $700 million, from its previously reported estimate of $420 million. The company said in its quarterly report filed Friday with the Securities and Exchange Commission that it expects to use about $210 million of the total capital expenditures for 2006 for expanding its retail segment and $265 million for real estate acquisitions, which include its second corporate campus and a new data center,” Kristina Henderson reports for Dow Jones.
“Also, the company said it expects about $225 million of its total capital expenditures for 2006 to be used to support normal replacement of existing capital assets and enhancements to general information technology infrastructure,” Henderson reports.
Full article here.
[Thanks to MacDailyNews Reader “Kevin” for the heads up.]
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Related articles:
Cost of Apple’s second 50-acre Cupertino campus could top $500 million – April 25, 2006
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“What does it all mean, Basil?”
Here they grow again. Nice work, Apple. I need more AAPL shares.
A merger with Google would give MS top brass something to ponder. Not likely though.
Another Jet for Steve?
Austin: Don’t forget to check with Fawlty and Rathbone too.
And don’t forget Basilisk II.
MW: include
Hey look kids. it’s the Ampar thread!
All sarc, all the time; with jokes and traffic on the ones.
i keed because i luv
The money is for Jobs to build himself glass cube tomb, pay for his Lenin-style embalming, and set up some velvet ropes for tourists to pay their respects when he (god forbid) passes on.
At least according to ThinkSecret.
Thanks, Artisticulated!
But I only monitor traffic for the bandwidth.
“What I lack in decorum, I make up for with an absence of tact.” – Don Williams, Jr.
doesn;t come cheap. I’m sure the ancillary costs (legal, and other) are high.
Steve wanted 50 acres in Cupertino so he bought 50 acres in Cupertino!
And I heard Steve told the city council that he wants them to rename the town to Cubertino. By Monday.
“The money is for Jobs to build himself glass cube tomb, pay for his Lenin-style embalming, and set up some velvet ropes for tourists to pay their respects when he (god forbid) passes on.”
That’s ridiculous. The cube is where the holy grail is going to be hidden, now that everyone’s on to the Louvre. Didn’t you know Steve is head of the Priory of Sion? Why else would he lavish so much attention on that stupid glass box?
Ampar,
How did you uncover my dastardly scheme?! All my plans are ruined!!!
Apple Computer is the largest employer in Cupertino and the largest contributor to the tax base. The council in the video seemed to be friendly and happy that Apple was able to do this. Sounds like a win-win for everybody but Apple’s competitors.
At least Apple is investing in infrastructure. Would you rather that Apple follow common U.S. industry practice to dispose of excess money (i.e., hire a crappy CEO with a guaranteed contract and lots of incentives and a golden parachute, watch the market cap go down and then dump the idiot after months or years of decline and after paying said CEO tens or hundreds of millions of dollars)?
I’ll take the infrastructure, thanks.
Sorry, Cubert! I guess eventually we’ll be living in the United Cubes of Cuberica! (with apologies to Cosmo Kramer)
I also read that there is new construction on underground tunnels coming from Redmond, Washington to these new Apple facilities. Bill’s very own chunnel. That’s where the billions of MS R & D dollars are actually spent.