Yesterday we at Fry-IT Ltd. released our little Corporate Calendar application. It's nothing spectacular but it works and does the job for us. We use it on our intranet. It's Open Source under the ZPL license.
Admittedly it's not as advanced as Yahoo! Calendar but at least it's free and simpler. There are some functions we might want to add such as setting the hour separately from the date and having a field for the location, but that's for the future.
This application also uses my CheckoutableTemplates which means that the templates can easily be modified on a instance basis.