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EXCLUSIVE REPORT: HP considers moving, but will 'stay in Palo Alto'

Original post made on Mar 19, 2008

Hewlett-Packard Company early this year took a long, hard look at moving its corporate headquarters out of Palo Alto to Cupertino but has decided -- for now -- to stay put, according to reports leaking out of the historically Palo Alto-based firm Tuesday evening.

Read the full story here Web Link posted Wednesday, March 19, 2008, 12:45 AM

Comments (29)

Posted by Mike, a resident of College Terrace
on Mar 19, 2008 at 8:12 am

Consider them gone.

hp, Thanks for everything. It's been nice knowing you.

What we have here is just one more indication of the loss of American hegemony in most things commercial.

This is just one more clue toward the future, and how Palo Alto can no longer rest on laurels.

Recently, Steve Jobs addressed Cupertino's City Council, explaining that after a long consideration of its place in Cupertino, it had decided - after much review - to commit to Cupertino by purchasing a considerably large plot of land in Cupertino, and consolidating its central organization there.

Web Link

from the article, above:
"More than twice as many employees work in Cupertino HP facilities as in Palo Alto, and housing is less expensive."

That's right, and so why aren't we working to find ways to diversify our housing supply with infill around transit corridors, and coordinating that effort with local commercial entities?

We can wring our hands all we want about the coming of future constraints, but the fate of the future of our city as a key player in this region will only come if we put those hands to work, in true partnership with the key commercial players in our region, and elsewhere.

Who was it that said that Palo Alto is a "slam dunk" when it comes to commercial draw? IN light of hp's and other recent decisions by commercial agents, perhaps it's time to get busy at the policy level and get serious about business development in a way that looks to sustainable commercial and housing futures - they're interrelated.


Posted by so, a resident of Another Palo Alto neighborhood
on Mar 19, 2008 at 8:36 am

So Mike College Terrace is ideally situated for dense housing to accomidate HP and transit access is a short walk to the CalTrain. Will you be advocating that College Terrace lead the way and convert over?


Posted by Resident, a resident of Another Palo Alto neighborhood
on Mar 19, 2008 at 8:51 am

Cupertino Elementary School District is one of the best in the Bay Area, it even surpasses Palo Alto schools in achievement, so why stay here. Or as my son tells me Cupertino has young people, Palo Alto is full of old people!!!




Posted by mark, a resident of another community
on Mar 19, 2008 at 10:06 am

Interesting to learn that I live in Colorado.

"HP also owns property in Germany, Northern California and in Houston, Texas, the former headquarters of Compaq, in addition to such far-flung locations as Fort Collins and Boise, Colo., and Corvallis, Ore."


Posted by N/A, a resident of another community
on Mar 19, 2008 at 10:19 am

Mexico here we come


Posted by Walter_E_Wallis, a resident of Midtown
on Mar 19, 2008 at 11:29 am

HP is still here but the HP Way is long gone.
Cupertino has better schools because they have more Asian students.


Posted by HP_in_Colorado, a resident of another community
on Mar 19, 2008 at 12:30 pm

"HP also owns property in Germany, Northern California and in Houston, Texas, the former headquarters of Compaq, in addition to such far-flung locations as Fort Collins and Boise, Colo., and Corvallis, Ore."


By the way, editor, Boise is in Idaho.... not Colorado.


Posted by bikes2work, a resident of Santa Rita (Los Altos)
on Mar 19, 2008 at 12:36 pm

Walter, that's racist (but true ;-)


Posted by Mike, a resident of Midtown
on Mar 19, 2008 at 1:33 pm

Are they going to take their Garage with them?


Posted by Tom Palo Alto, a resident of Old Palo Alto
on Mar 19, 2008 at 2:22 pm

"so" provides an apt rejoiner to "Mike", who wants more housing (presumaably affordable) built in Palo Alto. Maybe Mike can put his money where his mouth is by allowing his house to be torn down and apartments to be built there. Oh, and we need Mike cough up his entire net worth to subsidize the construction so that those apartments can be rented for below-market rates. Jump in, Mike.


Posted by John, a resident of College Terrace
on Mar 19, 2008 at 2:30 pm

Mike and his pals are targeting California Ave. as a hot spot for ABAG housing, including many BMRs. My best guestimate is that eactly zero HP employees will decide live in those high density sardine cans. None of them will qualify for BMRs.

What is Mike talking about, folks?


Posted by so, a resident of Another Palo Alto neighborhood
on Mar 19, 2008 at 3:15 pm

so Tom, I dont think Mike has to allow the tear down. Its easy. Palo Alto just legaly seizes the property citing eminent domain and has their favorite developer come in and build high rise appartments. It might as well seize JJ&F because the neighbothood will need a huge Safeway there instead. This will allow the occupants to walk to the grocery, walk to HP, walk to Caltrain and since they are HP employees, I bet Fry's would do more business creating more sales tax revenue for the city. It would also have a side effect of saving the college terrace library branch, because now the area would have the population to justify the expense. As I see everyone wins. HP, Mike, the city, even Fry's. Turning over those old poor constructed buildings for modern insulated buildings should help with energy waste too.


Posted by HP employee, a resident of Midtown
on Mar 19, 2008 at 4:37 pm

Or just take all of the empty office space in Palo Alto (look around) and build housing that an HP employee could afford to buy.

Seriously, I am bummed about this. I work at HP in Palo Alto and am sorry to hear that they won't be moving to a site where I can afford to buy and still have a decent commute.


Posted by so, a resident of Another Palo Alto neighborhood
on Mar 19, 2008 at 4:49 pm

so Cupertino is more affordable? Where were you thinking you could buy on the penninsula that is affordable?


Posted by HP employee, a resident of Midtown
on Mar 19, 2008 at 4:54 pm

Yes, other area's on the Penninsula are chaper than Palo Alto. Also, I said "and still have a decent commute". A San Jose/Santa Clara condo is cheaper than a Palo Alto/Menlo Park condo.


Posted by chris, a resident of University South
on Mar 19, 2008 at 4:57 pm

So are buildings 4/5/6 at 1501 Page Mill going on the market or are they going to be redeveloped.

Did the Weekly ever say what happened to the Google move into 395 Page Mill? Why is Foothill considering it?


Posted by so, a resident of Another Palo Alto neighborhood
on Mar 19, 2008 at 5:10 pm

add 7 minutes to your commute and you are in Palo Alto


Posted by HP employee, a resident of Midtown
on Mar 19, 2008 at 5:11 pm

Sorry, I meant relatively affordable. Easier to swallow than moving to Houston.


Posted by so, a resident of Another Palo Alto neighborhood
on Mar 19, 2008 at 5:17 pm

well I definately don't think you would like the commute from Houston to Cupertino. ;^)


Posted by Eric, a resident of Another Palo Alto neighborhood
on Mar 19, 2008 at 6:00 pm

Well, I heard the other night that GOOGLE may be re-leasing 395 Page Mill Road because they've found some other digs - check this out.


Posted by John, a resident of Old Palo Alto
on Mar 20, 2008 at 1:39 am

Well, the article points out that this may not be about Palo Alto vs Cupertino, or even Palo Alto vs Houston. Rather we should be thinking Palo Alto vs London, Brussels or Singapore as a site for HP's future corporate functions, given that only 30% of HPs business occurs in the United States.


Posted by Glad He's Gone, a resident of Another Palo Alto neighborhood
on Mar 20, 2008 at 4:47 am

Anybody remember this--
-----
Web Link
Publication Date: Wednesday Jan 10, 2001

TRANSPORTATION: An 'elegant' people mover?

Proposal calls for monorail system for Stanford Research Park
by Daryl Savage

It's a cross between monorail and gondola technology, it will cost an estimated $50 million, and it's headed for Palo Alto. If someone can find the $50 million.

Palo Alto's chief transportation officer Joe Kott--who takes public transportation to work daily--calls it "a newfangled monorail." He describes the project as an elegant system of an automated people mover. While there is no source of funding identified for the futuristic system, those who support it call it a "very real project
----

The people who opposed the Palo Alto Transportation Official's ideas that always pushed past wackiness into craziness would have had the city pay for this massive white elephant only to see HP fly the coop.


Posted by Walter_E_Wallis, a resident of Midtown
on Mar 20, 2008 at 6:09 am

Why does it matter where information workers work? Don't ask what I wear as I ply my profession 20 feet from my bedroom. What are you wearing???


Posted by another resident/shopper, a resident of Another Palo Alto neighborhood
on Mar 20, 2008 at 10:39 am

Maybe the HP site can be converted to housing or a big box supermarket/retail/Home Depot/auto dealer or some other tax producing site that will help pay for the 60 million (or is that 150 million)dollar police bldg.


Posted by chris, a resident of University South
on Mar 20, 2008 at 2:14 pm

Why not build housing for HP and other Stanford park employers on the site where HP buildings 4/5/6 are now?

That would help reduce the traffic jams on Page Mill.


Posted by Walter_E_Wallis, a resident of Midtown
on Mar 20, 2008 at 4:47 pm

Didn't Mountain View do some housing in industrial area projects? How did that work?


Posted by Cupertino Resident, a resident of another community
on Mar 21, 2008 at 1:36 am

Where did anyone get the idea that Cupertino was affordable? Did you know that you can get 1400 sq. ft. for the bargain price of 1.2 mil. here? Did you know that our schools may be #1 in the state but that our teachers are in very iffy contract negotiations and between the state budget cuts and the local school district superintendent that little bragging right might get you about as far as $1 worth of gas? Did you know that unless you're Asian or Indian your children will be in a less than 5% minority in their school? And here's a real bonus - unless you can read Chinese - there are businesses you just have to take a guess at because you'll never know what they are. We've lived here our whole lives but the past few years have given us the desire to leave as soon as we retire. We never thought we would.


Posted by Bob, a resident of Adobe-Meadows
on Mar 21, 2008 at 6:48 am

John, I think HP will be staying here in PA if their other choices are London, Brussels or Singapore. If you think Palo Alto is expensive; try buying or leasing space in one of those cities for less money than you pay here - good luck.

Palo Alto may seem expensive compared to most of the U.S. but compared with London, Brussels or Singapore we are cheap. Europe is hugely expensive today, blame George Bush, the Iraq war, and the falling value of the dollar.




Posted by A Lone Star Has No Competition, a resident of Another Palo Alto neighborhood
on Mar 21, 2008 at 10:46 am

> I think HP will be staying here in PA if their other
> choices are London, Brussels or Singapore.

What about Texas?


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