Posted by cheap?, a resident of the Downtown North neighborhood, on Jun 27, 2012 at 12:10 pm
Facebook paid $1 billion for Instagram. Instagram has 13 employees and zero profits. Now Loral goes for the same price. Presumably, Loral has numerous factories and thousands of employees. Is Loral massively under-priced or is their business model obsolete?
Posted by Karen, a resident of the Midtown neighborhood, on Jun 27, 2012 at 12:46 pm
Loral will be turfed out, then obliterated, similar to Syntex/Roche. There goes the tax base. The upside is that low cost housing can replace those buildings once they are torn down. That should make all the local do-gooders feel good.
Posted by lazlo, a resident of the Old Palo Alto neighborhood, on Jun 27, 2012 at 6:26 pm
...another superfund site goes on the market for housing. Always funny how city council likes to put low income housing on superfund sites, but can't figure out why JCC built their campus on a superfund site? To the poster who brags that Facebook was smart enough to spend $1,000,000,000 on a company with no product, well, still lots of $38 shares on the market [Portion removed by Palo Alto Online staff].
Posted by VoxPop, a resident of the Old Palo Alto neighborhood, on Jun 27, 2012 at 8:18 pm
Actually, this looks like a pretty good fit for MDA. [Portion removed by Palo Alto Online staff]. SS/L is a significant player in the global satellite market and MDA seems to concentrate on the entire data stream, from acquisition through analysis and application. Satellites gather information and send it back to earth.
Posted by David, a resident of Another Palo Alto neighborhood, on Jun 28, 2012 at 2:48 pm
One building at the old Phillco, Ford Aerospace, Loral site in Palo Alto was too expensive to move (space simulator). If they're still using it, the new company may keep the site just for that facility.