Yahoo responds to Icahn

Yahoo late Thursday posted a letter in response to Carl Icahn's move to unseat the company's board of directors.

The letter can be briefly summarized as Yahoo Chairman Roy Bostock telling Icahn "Nuh-uh."

But, since some people like details, the full letter (sans dozens of exclamation points) is below.

Dear Mr. Icahn:

We are in receipt of your letter with regard to your intention to seek control of Yahoo's board of directors.

Unfortunately, your letter reflects a significant misunderstanding of the facts about the Microsoft proposal and the diligence with which our board evaluated and responded to that proposal. A fair-minded review of the factual record leads to one conclusion: that Yahoo's ten-member board, comprised of nine independent directors along with Yahoo CEO Jerry Yang, remains the best and most qualified group to maximize value for all Yahoo stockholders.

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