Yahoo To Build Research And Development Office

Oct 22, 2007 (financialwire.net via COMTEX) -- YHOO | charts | news | PowerRating -- October 22, 2007 (FinancialWire) Yahoo (NASDAQ: YHOO | charts | news | PowerRating) has confirmed plans to build a research and development office in the Puget Sound area that will eventually house up to 600 employees.

According to Yahoo's senior vice president David Sobeski an 115,000 square foot area in downtown Bellevue has been leased for the new center. The area hosts several technology companies including Microsoft (NASDAQ: MSFT), Google (NASDAQ: GOOG), and Amazon (NASDAQ: AMZN).

Sobeski said that Yahoo was attracted to the area due to the technical talent in the region. The new offices are being altered to suit Yahoo's purposes and will be maximized within the next two years.

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