While some members of the media are saying that, if a Yahoo!-Microsoft doesn’t come through, renegade investor Carl Icahn may lose a bundle, others are reporting on Yahoo! CEO Jerry Yang’s reassurances to the “yahoos” – the company’s employees. Here’s the latest:

“as yahoos, it’s more important than ever that we put aside the rhetoric and continue to focus on strategic objectives and our efforts to maximize stockholder value. i want to thank all of you for your continued hard work and dedication through this distracting time. you are our most valued asset.”

(Apparently, Yang always writes in lower case.)

The Yahoo! shareholders meeting, now set for August 1, is sure to be watched closely by those who have a stake in search and Internet marketing.

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• gail icahn sister jerry

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