As Geeknet bleeds cash (1) and continues to lose shareholder value and slashdot fails to fulfill the prevailing prediction in 2006 at becoming the future of media, losing 36% unique monthly visitors and left in the past by reddit, digg, et al (2) Geeknet (LNUX)s state of the state is best captured by the following analogous model: [more]
"...In the future all electronic devices will be wirelessly powered. Forget pesky power strips and wall outlets... high frequency microwave beams will permeate our homes providing power wherever it's needed...The AirVolt is a ThinkGeek Exclusive: you won't find it anywhere else! Simply slide your phone into the included receiver case, place it on the power tray, and watch in amazement as your phone charges wirelessly via induction. It works just as quickly as a standard charger and automatically powers off once your phone is completely charged. And the best part? It's half the price of those other wireless phone chargers so you'll be able to afford pizza for D&D night..." Source: ThinkGeek [more]
A Yahoo (YHOO) 1. Acquisition of Geeknet (LNUX) 2. makes $en$e....as would Best Buy (BBY) and Amazon (AMZN). [more]
Geeknet (LNUX) Money Never Sleeps ...insiders continue to give the finger to the SEC, Sarbanes-Oxley, and Corporate Governance?
Another Geeknet (LNUX) insider, Suzanne Present, Director, was issued 10,000 shares option at $.001 on May 4th during insider blackout period?* and beneficially acquires another 285,725 shares from May 10 - May 12th immediately prior to Geek.com acquisition announcement.
* Q1 2010 ending March 31 Financials announced May 6th [more]
Geeknet (LNUX) Acquires Njews and Reviews Site Geek.com.
Alexa Rank 6,399 (5/12/2010) [more]
Slashdot nemesis Digg reduces employee count by "about 10%" per Digg CEO, Kevin Rose on May 6th. [more]
Non-Insider Shareholder Hostile* Geeknet (LNUX) Continues to disappoint. At the end of the day... [more]