Let me translate the letter Ballmer just sent to the Yahoo Board of Directors:

"Bitches. I've given you two months. Step up or prepare to be DOOMED."

Quoted: Microsoft (MSFT) struck while yesterday's propaganda campaign was hot, issuing a direct ultimatum to Yahoo (YHOO): The ultimatum came in the form of a letter from Steve Ballmer to Yahoo's board, and the message was this: Sign merger agreement in three weeks, or we will cut bid and go directly to shareholders.

I agree with Mark Cuban on this one. Yahoo needs to sell to Microsoft to make the most of its promise to employees and investors. The buyout offer is really strong.

Jerry Yang posted a blog post about what he see as the future of Yahoo.

Quoted: There's been much curiosity and speculation about what's been happening here at Yahoo! over the past few months. Roughly 100 ...

1 year after the infamous "Peanut Butter Memo," it appears that Yahoo may finally be on a course for growth. As a new Yahoo investor (a couple weeks ago), I certainly hope so!

Yahoo had a big executive revival event the other day ith a keynote by Steve Jobs.

Quoted: What do you do when you want to inject a little inspiration into a company that needs a lot of it? Do you hold an all-day meeting of top execs where you actually outline specific goals and exhibit better leadership? Do you admit your corporate culture is a little weak and promise to focus on strengthening it? Do you trot out all the senior execs and let them talk about their concrete plans (and, better still, actually prepare them to deliver their spiel with some level of quality)? Do you do some post-lunch touchy-feely group exercises to get people talking? Best of all, if you really want to send things over the top, do you bring out an icon so beloved as to give goosebumps to explain to the troops how he managed to turn his once-beleaguered and now-soaring company around?

A somewhat simplistic study points to better click through rates on Yahoo than on Google.

Quoted: Yahoo Inc.'s search engine gets a higher percentage of users to click on the results of a query than market leader Google Inc.

Yahoo got Ebayed.

Quoted: Yahoo to End North American Auctions. - SAN FRANCISCO (AP) -- Yahoo Inc. will close its online auction service for North America next month, signaling the Internet powerhouse's intention to focus on more profitable endeavors as it tries to snap out of a financial malaise.

A recap of how Yahoo lost the search mantle, handed it to Google, and the lingering question "is it too late to change?"

Interesting look at if Google were designed like Yahoo.