The final paragraph of a stark reality check:
Microsoft CEO Steve Ballmer recently made an off-the-cuff, public comment that seemed to indicate to some he might still be interested in Yahoo. Yahoo shares jumped, but Microsoft quickly refuted Ballmer's statement. The blogosphere teems with speculation about grimmer possible outcomes for Yahoo, including Yahoo getting snapped up by a private-equity fund and sold off in pieces. Jerry Yang would have no one to blame but himself.