“Apple Inc. has bought nine acres in Cupertino from Kevin Wu’s Pacific Resources Development company, according to county records… Santa Clara County Assessor’s Office online records list the value of the two properties — at 10300 and 10400 North Tantau Avenue — at about $16 million,” Cody Kraatz reports for Media News.
Apple “also owns a 50-acre parcel on the other side of North Tantau Avenue where it is expected to build a campus for up to 3,500 of its employees who currently work in buildings spread around the city,” Kraatz reports.
Full article here.
See the map via setteB.IT: http://www.setteb.it/content/view/1452
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Cost of Apple’s second 50-acre Cupertino campus could top $500 million – April 25, 2006
Video: Steve Jobs meets Cupertino City Council – April 22, 2006
Transcript: Apple CEO Steve Jobs addresses the Cupertino City Council – April 20, 2006
Apple CEO Steve Jobs plans new 50-acre campus in California – April 19, 2006
Can we expect new dormitories for prospective Apple software engineers from Asia? C’mon, MDN, let the rumor mongering commence!
This is actually HUGE news. I remember reading an investment book that mentioned to keep an eye on the parking lots. When companies have parking lots that are full into the night and weekends, they are going through a growth phase.
Using the same thought process, when they buy up 9 acres, they are very optimistic about their future. To me, this says that they are going to be adding A LOT more employees. That also means new product lines and a lot more growth. Great time to own shares.
This information would show growth over the next 2-5 years.
Yeah – go Apple! Buy some bloody land, build some more bloody labs, employ some more bloody software engineers and stop bloody delaying stuff!!!
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Please…
No, the land is not for parking spaces or research facilities or anything else that is even remotely mundane and useful. Apple is building a theme park with all our favorite Apple characters (Moof the Dogcow, Sad Mac, Steve Jobs), low carbon footprint rides, deep-fried organic foods, and music piped in from iTunes. C’mon, kids, we’re going to Apple World!
so… will it stop the delaying trend Leopard sets?
I’m so embarassed for being Apple fans and I regret having make fun of Vista delays.
SHAME ON YOU APPLE!
I kind of doubt it will have any impact on the company’s productivity.
This is HUGE…. I say we have 95% market share in a few years.
WOOOO HOOOO Apple!!!
Good! This what they need to do! They are obviously under staffed and spread too thin. They better build the office, double time.
Just my $0.02
91 more and they can build a golf course.
$16 million for 9 acres!!! Is real estate that expensive in Cali? Hopefully a few buildings come with those 9 acres.
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I’m looking for a new job. Maybe I should apply now.
It’s a 9 acre flying chair protection sanctuary reserve.
Dolita,
I hope you are kidding… 4 months vs. 4 years? I’m going to go out on a sturdy limb here and suggest that the new features coming for Leopard (such as full multi-touch integration, core animation driven interfaces, and much, much more are going to completely change the face of personal computer use in the next 3 years. I can wait, Tiger’s great. It’ll give me time to have fun with my iPhone over the summer.
You know…maybe they’re just building a big park?
Peterson had a couple of acres once.
His wife kicked him in the balls.
Quit whining about Leopard’s delay. It’s a very minor inconvenience for most.
Yah, $16 million for 9 acres… real estate prices are beyond sanity.
I can’t to ride the Ballmers’ Chair Toss Mountain roller coaster (you’ll spin, you’ll roll, you’ll toss your Krispy Kream donut) or the planned water park ride, Ballmers Sweaty Pits, should be a thrill.
I lOVE this ride!!!
It’s for massive storage and distribution.
They’re building their online media store and space to house servers and RAIDs, encoders for user submitted video …
Actually, not just for media, for everything.
It’s the beginning of the age of purely online computing.
Why is it delayed????? WHY WY WHYY OMG I am going to DIE because of this delay and the fact that Mac fanboys are attacking me for criticizing Apple for being lazy ass MOFOs.
4 months, 4 full months of delay. Apple is doomed, Leopard is like Vista, delayed and delayed and just a piece of crap.
Oh wait. Vista was delayed over 4 years and Tiger already smokes Vista.
Pfffffft. I must have had a nightmare. 4 month? Nothing to see about it. Leopard already smokes Tiger in the latest release. With 4 more months it will be pure gold OS.
@Investor
There is no need to go counting cars in the carpark matey. Apple are quite public about their financials you know, and the numbers tell the story all by themselves…
There will be another set of number in 10 days or so…
“Apple are quite public about their financials you know, and the numbers tell the story all by themselves…”
Well most of the time except when executives are making up board meetings, or under recording what they’re paying themselves.
@Fraud
Point taken… I already had a rant about entrenched deceitfulness in another post…
And in other news…..with the money Apple received from the Michigan legislators for their trip to Cupertino, Apple was able to put a down payment on 2 properties……
Hopefully a few buildings come with those 9 acres.
Yes it does by the way.
The two properties stradle Route 280, one on each side.
So Apple can put up two big signs, one on each side of the major highway to gleam maximum exposure.
It fits Steve Jobs ego perfectly.
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oppps, glad I’m using a proxy.
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