American Expatriate Costa Rica

Five large U.S. firms in Costa Rica recover their stock values

Hellen Fonseca, who is account manager Sykes (left), with Daniela Rojas. The company has 3,600 employees in Costa Rica. | DIANA MENDEZ

Stock values for five large companies that have brought foreign direct investment and jobs to Costa Rica are trading at their highest levels since declines between 2011 and 2012. According to information from the Costa Rican Coalition for Development Initiatives (Cinde), the quintet is formed by: Hewlett-Packard (HP), 6,500; Sykes, 3,600, Boston Scientific Corporation, 2750, Hospira, 2,700, and Intel, with 2,700 employees.

Of the five, HP has suffered the biggest market losses and has failed to return to levels from 2010. Boston Scientific Corporation, the developer and manufacturer of medical devices, has reached the highest level in the last five years. In the case of global semiconductor manufacturer Intel, the value of the stock fell in 2012, but has since trended upwards. Intel announced in November that the company is in a process of internal restructuring.

Source La Nacion