Google reveals plans for 1.1M square foot, 4 floor ‘Bay View’ campus near SF Bay
thenextweb.com
thenextweb.com
http://www.businessinsider.com/poorly-timed-headquarters-200...
I know it's a bit superstitious, but the basic idea is that when a company starts building temples to itself and its employees, that means their focus has shifted and their eye is getting off the ball.
I hope it's not the case with any of these companies, and I know there are plenty of counter-examples, but still, I think about this.
Google reported huge revenue increases and the stock is on fire but not because of new ventures or customers, they just added even more ads to the pages. That's not sustainable and when that happens it has a lot of falling to do. http://finance.yahoo.com/q?s=goog . Virtually all their money is still from ads.
Edit: 1. I think all this hype on stocks is a pump-and-dump operation, played by the big investment banks. "They" buy lots of shares, start the fire with $1000 price targets from their own analysts and when the price is high enough, they dump it, leaving some retail investor holding the bag. Google went from mid $500s to $800 in a few months
Also, every stock has some degree of volatility. Take any stock and you'll find periods that the stock went up or down. In the case of Apple, if you look at the 5-year period finishing the increase has been 270%, way over the Nasdaq average.
> I think all this hype on stocks is a pump-and-dump operation, played by the big investment banks. "They" buy lots of shares, start the fire with $1000 price targets from their own analysts and when the price is high enough, they dump it, leaving some retail investor holding the bag.
Sorry, but this is naive. It's not feasible to manipulate the market over several months that way.
In most cases, the biggest shareholders are the company's founders and management, mutual and pension funds, and hedge funds. They would need to do a lot of (very illegal) conspiring in order to pull out that sort of thing. E.g. they would have to agree not to start selling off until a certain date.
Although illegal trading certainly does happen, that's usually via insider information (e.g. the investment banking division obtains secret information from Apple, and leaks it to the prop trading division). In this case, retail investors can get screwed, but so do all the banks and funds who aren't in the know.
If you're a retail investor, the way you lose money to brokers and market makers is typically by trading too much and thereby paying too many fees, and paying the spread too many times. Another way you lose money is when the company board & management screws you (e.g. by overpaying management, or by liberally issuing too much stock thereby diluting yours).
Exactly my point, Apple (PE of 10) is not going to do that well in the future, unlike Google with a PE of 24. At least that's how the market sees it right now. When AAPL was heading to $700 and many analysts got in line to call AAPL $1000 /share the market thought differently.
Maybe that's why they build temples like the OP said, they are on top of the world. The next likely move, however, is down.
If what you say was the case, why would investment banks spend all that money for researchers? Sure big financial investors and mutual funds do their own research up to a point? Do you think Citibank would buy based on Henry Blodget's 'research' http://www.sec.gov/news/press/2003-56.htm ?
Lowes+HomeDepot (HD started but bailed and Lowes took over) went thru some idiotic approval process to build their Bayshore location --about 12 or more years after Goodman Lumber closed its doors.
However, petroleum plastics are very durable (else there would not be such disdain for them fouling the enviro), so they could easily be more useful than paper bags. On the other hand, there are bio-sourced plastics (mainly from corn) which are very eco friendly, so I don't know why they'd be banned as well.
I think if SF would make a sensible decision, rather than a political decision, they'd just make people pay the 5 or 10 cents for any store-issued bag. The better option is to use bags made for re-use whether plastic, canvass, or other.
This is a pretty cool concept drawing. At one time there was a suggestion for Google to run a hovercraft or hydrofoil type ferry from the GooglePlex to San Francisco. This will make that easier!
That said I was expecting something to happen, I mean Apple has a spaceship, these guys needed to pupate out of the dead husk of SGI and spread their wings!
That gives their employees a whole lot more choice for housing and makes it more attractive. Every time I see a company that's in SF offering jobs I shudder at the travel time from the valley. It's wonderful if you've already got a place in SF but makes anyone think twice about joining a company when they consider the crazy living costs in SF.
The argument against South San Francisco is that if you're going to build to be closer to San Francisco, then you should make it easily accessible to SF employees. That means it should be a MUNI ride away so you can get to it from anywhere in the city otherwise you're going to either have to drive or deal with a multi-transfer commute. I would suggest the DogPatch or Mission Bay given the access to CalTrain (as a connector to Mountain View HQ) and the availability of large swaths of warehouses or vacant land.
That would drop Palo Alto real estate from $5-7 to maybe $3-5.
I must be confused, but what does any of this have to do with NASA?
http://www.nasa.gov/centers/ames/news/releases/2008/08_51AR....
The bayview land is here: http://goo.gl/maps/PY8UD
(Source: http://laserfiche.mountainview.gov/WebLink/DocView.aspx?id=5...)
The singularity does not intend to remain Earthbound?
Starfleet Academy's HQ was in the Presidio, but the Academy's training facility was in Sausalito.
Easter egg or nice place to catch a nap?
The article is written by an American residing in the US about a building in the US so using American conventions would seem appropriate.
https://maps.google.com/maps?saddr=Unknown+road&daddr=Cr...
It's likely that the land that Google is planning on expanding onto is either owned by NASA or adjacent to their facility.