This Day On The Street
Continue to site
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

Ericsson To Grow Silicon Valley Presence With New Campus

  • New facility builds on Ericsson's growing investments in Silicon Valley
  • Brings together approximately 2,000 Ericsson staff dedicated to research and development in IP, TV and Media, SDN, NFV and mobile innovation
  • Includes more than 400,000 square feet of operational space in two buildings at Santa Clara Square and a state-of-the-art Ericsson Experience Center

STOCKHOLM, Sweden, May 28, 2014 (GLOBE NEWSWIRE) -- Ericsson (NASDAQ:ERIC) today announced the construction of a new campus in Santa Clara, California, the latest in a series of big investments designed to accelerate innovation in Silicon Valley.

The new campus will consolidate Ericsson's Silicon Valley operations, bringing together approximately 2,000 Ericsson staff dedicated to driving innovation in IP and TV and Media. The announcement builds on Ericsson's commitment to strategic investment in the region, including the acquisition last September of Microsoft's Mediaroom TV platforms and services division.

Per Borgklint, Senior Vice President and Head of Business Unit Support Solutions for Ericsson said: "Ericsson's new campus unites our rapidly expanding Silicon Valley workforce and creates an environment that will inspire our employees and customers. So much of our research and development is built on internal and external collaboration. Together with our customers and partners, Ericsson is driving IP, TV and Media innovation, and accelerating development of the media enabled, interoperable and programmable network of tomorrow."

Santa Clara Square, being developed by Irvine Company, will include over 400,000 square feet of workspace for Ericsson in two buildings, located along the Great America/Bowers corridor at Highway 101, south of Levi's Stadium in the heart of Silicon Valley. Interior design will feature Ericsson's open and flexible workspace environment, which supports enhanced collaboration. The facility will also feature a state-of-the-art Ericsson Experience Center for customers and partners. Construction is underway and the facility is expected to be available for Phase One occupancy during Q3 2015.

1 of 3

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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs