Tech Revival Lifts Silicon Valley

The revival of Silicon Valley is on display at the juncture of San Jose’s North First Street and Highway 237, which for years was largely undeveloped. But this year, networking-technology firm Brocade Communications Systems Inc. moved into a new 525,000-square-foot corporate campus in the area as it hired 600 new employees, boosting its headcount to about 5,000. Retailer Target Corp. has opened a store a few doors down, and a hotel is set to open nearby next year.

“We grew in a tough time and added people in a really challenging environment,” said Mike Klayko, Chief Executive of Brocade, which increased revenue seven percent to $2.1 billion in its fiscal year ended in late October. He added that Brocade currently has another 325 open jobs in Silicon Valley. “We’re interviewing all the time,” he said.

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