An important detail to note from today’s earnings call: Yahoo (NSDQ: YHOO) is not factoring in any gains from its Google (NSDQ: GOOG) deal into its outlook. Right now, the company sees no reason to update its initial forecast ($250-$450 million additional annual OCF), or its timing on when that can commence, however. President Sue Decker noted that the company had factored in 100 days of review when it was first announced: “We said at the beginning that the review process and ramp up. We are halfway through and there’s no anticipation for that to change.” There’s also no reason to change the revenue outlook at this point, said Decker, with support from CFO Blake Jorgensen.

• Yahoo Call: Yang: Pleased To Have Settled Proxy Contest; On Track Despite Distractions
• Earnings: Yahoo Q2 Weak; Revenue, Income Below Estimates