Editor’s note: While our local political ideologues republish editorials from the OC Register (surprise, surprise!), lamenting the loss of Waste Connections to Texas (again), a revised rendering of Apple’s new headquarters in California was released this month. It is a reminder that “all is not lost” after all. BTW, a listing of Dell jobs in California is here.
•Apple’s plan is to break ground next year and have the new headquarters done in 2015. Apple’s upcoming campus in Cupertino, California is reminiscent of a spaceship with a footprint bigger than the Pentagon.
•It will house over 13,000 employees in one massive building.
•The building will minimize its reliance on grid-fired electricity by generating “a significant amount of the Campus’s energy needs at an on-site Central Plant.” Much of which, we imagine, will be supplied by the estimated 20,160 solar panels slated to adorn the roof of the building.
Meanwhile, here’s what “Seeking Alpha” thinks about Apple’s stock:
“Apple’s monster quarter
“Apple (AAPL) is unique among America’s mega caps due to the company’s ongoing rates of revenue and earnings growth. From $108.25 billion in revenue reported in the fiscal year ended in September, Apple will surpass $170 billion in revenue this fiscal year and reach over one-quarter trillion dollars in revenue in FY2013. At a current market cap of $375 billion, the shares trade at about 14.5 times trailing twelve month earnings of $27.68 per share and at about 8.75 times my projected FY2012 earnings of $46 per share.
“I maintain a $640 price target on the shares. A recovery to a trading range between 16 times and 18 times trailing 12-month earnings will occur early in 2012 following the results from “Apple’s monster quarter” and the significant analyst upgrades to revenue and earnings estimates that will follow. The sales performance of the iPhone 4S and the anticipated late winter/early spring refresh of the iPad line will be share price catalysts in the first half of the current fiscal year.”