) recently announced its plans to expand in La Vista, Nebraska.
Through this initiative, Yahoo plans to create 100 new jobs
across customer care, integration and logistics.
Yahoo is trying to build a highly efficient customer care
team. Of the 100 new jobs, 75 will be dedicated to customer
service and the rest will work in areas such as logistics at
Yahoo's factory where servers are assembled and shipped to other
locations. Other than La Vista, Yahoo's other customer care
centers are located in Lockport, NY and Quincy, WA. Currently,
Yahoo employs 350 people in Nebraska.
The expansion forms a part of a strategy where Yahoo is
bringing back outsourced jobs to the U.S. This might work in
Yahoo's favor as the current administration is trying to stop
outsourcing to countries such as India, Indonesia and Taiwan,
among others. It is possible that Yahoo might get the benefit of
tax breaks or tax holidays to bring back jobs to the U.S.
We are positive about Yahoo, as its search business continues
to show signs of improvement, even in the face of tough
). We are also encouraged by the refocusing initiatives of the
company, as well as the many product upgrades and growth
initiatives, which are improving engagement on Yahoo
In the third quarter of fiscal 2012, Yahoo generated revenues
of $1.20 billion, which were down 1.3% sequentially and 1.2% year
over year. Traffic acquisition cost (TAC) was down 17.7%
sequentially and 22.2% from last year. Excluding these costs in
all periods, net revenue was essentially flat on a sequential
basis and up 1.6% from last year, in line with the consensus
Yahoo has a Zacks Rank #1 (Strong Buy). Other technology
stocks that are worth considering include
Linear Technology Corp.
ON Semiconductor Corp.
), all carrying a Zacks Rank #2 (Buy).
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