This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Supermicro® Expands Silicon Valley Headquarters





SAN JOSE, Calif., Sept. 24, 2013 /PRNewswire/ --  Super Micro Computer, Inc. (NASDAQ: SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing, announces that it has signed an agreement with San Jose Mercury News to acquire its San Jose campus located in the heart of Silicon Valley, USA. The 36-acre campus is currently home to the San Jose Mercury News and Bay Area News Group and includes 324,000 square feet of prime building space. The property is located within a mile of Supermicro's existing headquarters and will serve as an extension to Supermicro's US R&D and operations for worldwide growth.

"This new addition to our campus provides us space for immediate R&D and operations expansion to meet strong needs for high energy efficient server and storage solutions," said Charles Liang, President and CEO of Supermicro. "We are increasing operational efficiency, engineering resources and integration capacity to further accelerate development of industry leading green computing solutions while giving back to our local economy with continued job growth. At Supermicro, this is an exciting milestone in our 20 year history and we look forward to delivering next generation, energy efficient computing solutions from the heart of Silicon Valley."

"Supermicro's announcement that it will acquire the San Jose Mercury News site is a strong indicator of Silicon Valley's position as the world's center of innovation," said San Jose Mayor Chuck Reed. "I thank Supermicro for choosing to stay and grow in San Jose, the Capital of Silicon Valley. We appreciate Supermicro's investment and the jobs it will generate, and are committed to work at the speed of business to ensure the company's development timelines are met as it expands its headquarters in North San Jose."

Consummation of the sale of the property is subject to customary closing conditions, including, among others, Supermicro's review of the property. Escrow of the property is expected to close on or about October 30, 2013.

Follow Supermicro on Facebook and Twitter to receive their latest news and announcements.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,187.03 -27.39 -0.15%
S&P 500 2,110.63 -0.11 -0.01%
NASDAQ 4,980.1430 -7.7470 -0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs