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We hear that Yahoo is hosting its holiday party tomorrow night at the San Mateo Expo Center, conveniently near the Bay Meadows racetrack, where Yahoos might have better luck cashing in than with their stock options. Last year's entertainment was American Idol reject Chris Daughtry. This year?

We're hearing that Super Diamond, the Neil Diamond tribute band, will be providing the tunes for the Yahoo employees. Rumored opening band The Spazmatics, an '80s cover band, continues the nostalgic theme. The choice of music — bands hired to rehash songs others created — sings volumes about Yahoo's direction.