BoomTown is at the lovely Santa Clara Marriott in Silicon Valley at the 2009 Yahoo annual meeting, liveblogging the event, which should be spectacularly dull.

Here is a rundown of what went on.

10:05 am: The meeting kicks off with a little video presentation with various and sundry television talking heads saying “Yahoo” in quick succession.

Actually, this was the year during which all of those hype-magnets repeated “Twitter” so many times that it has began to make my ears bleed.

But I like the spirit of trying to make Yahoo seem relevant and innovative again.

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Microsoft hit back at Yahoo’s account of its weekend talks about a search deal, in their own statement this afternoon, noting that “Microsoft believes the statement contains inaccuracies that need to be corrected.”

Translation of what Microsoft was saying about Yahoo: Liar, liar, pants on fire.

Those discussions collapsed on Saturday, after Yahoo rejected the terms, most especially a stipulation that Icahn take over the rest of Yahoo left over, after Microsoft bought its search business and Yahoo’s Asian assets were sold off.

But sources close to Microsoft’s thinking told BoomTown this afternoon that it would still offer the sweetened search deal without the requirement that Icahn take over.

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Here is the entire statement from Microsoft, released this afternoon, about its version of the new proposal it made with the help of activist investor Carl Icahn, who is waging a proxy fight against Yahoo.

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Here is the full statement from Yahoo, released tonight, about the new proposal from Microsoft and activist investor Carl Icahn, who is waging a proxy fight against Yahoo:

Yahoo! Inc., a leading global Internet company, confirmed today that it has rejected a joint proposal from Microsoft Corporation and Carl Icahn for a complex restructuring of Yahoo! that would include the acquisition of Yahoo!’s search business by Microsoft.

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