Orlando, FL -- (SBWIRE) -- 09/04/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Ericsson (ADR) (NASDAQ:ERIC), Exelixis, Inc. (NASDAQ:EXEL).
Ericsson (ADR) (NASDAQ:ERIC) stock climbed 5.18% to $12.39. The company on Sept. 2 said it is planning to invest approximately SEK 7 billion in the coming five years to build three global ICT Centers. Two will be located in Sweden, in Stockholm and Linköping, while the third one, in North America, will be located in Canada, in Montreal, Quebec.
The centers will be located close to Ericsson's main R&D hubs and will be the new platform for more than 24,000 Ericsson R&D engineers around the world, supporting their lean and agile ways of working. Team of experts will be able to collaborate beyond borders more easily and efficiently.
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Exelixis, Inc. (NASDAQ:EXEL) shares increased 4.59% to $5.24. EXEL Director Lance Willsey purchased 10,000 shares of the stock on the open market in a transaction dated August 29. The shares were purchased at an average price of $5.15 per share, for a total transaction of $51,500.00. Following the completion of the transaction, the director now directly owns 333,700 shares of the company’s stock.
Additionally, the company on August 6 reported financial results for the quarter ended June 30, 2013. Net revenues for the quarter ended June 30, 2013 were $11.9 million, compared to $7.8 million for the comparable period in 2012. Net loss for the quarter ended June 30, 2013 was ($62.2) million, or ($0.34) per share, basic, compared to ($36.5) million, or ($0.25) per share, basic, for the comparable period in 2012.
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