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gnulaw (51.61)

Breaking News...SourceForge, Inc.(LNUX) Announces Departure of Jon Sobel, Group President, Media

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August 31, 2009 – Comments (6) | RELATED TICKERS: GKNT , BBY , IBM

The 2nd number to the combination unlocking SourceForge (LNUX) shareholder value no longer exists.  

Sobel was the lynchpin to SourceForge's strategy at creating shareholder value. Ohloh.net...a potential (NASDAQ:G33K) IPO...All bets are off. Kauffman is not capable of pulling this off without [a] Sobel. Sobel should have been CEO...in my opinion. Watch this one closely and pay close attention to William Sams, et al...so close but yet so far...

 

EBITDA...EBITDA...EBITDA...That's All Folks! 

 

 

 

6 Comments – Post Your Own

#1) On August 31, 2009 at 8:57 PM, gnulaw (51.61) wrote:

Breaking News...SourceForge, Inc.(LNUX) Announces Departure of Jon Sobel, Group President, Media. SEC FORM 8K filed August 30th, 2009

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#2) On September 01, 2009 at 6:29 PM, gnulaw (51.61) wrote:

...so now the shareholders are left with Scott Kauffman. And one must simply ask: Why did Jonathan Sobel leave when everything was pointing to a substantive turnaround? And why did Gladwyne, WIlliam Sams, Suzanne Present, and Michael Sileck allow it to happen? 

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#3) On September 01, 2009 at 6:48 PM, gnulaw (51.61) wrote:


Tesla Motors Hires Veteran Technology and Media Executive, Jon Sobel, as General Counsel and Secretary

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#4) On September 01, 2009 at 6:58 PM, gnulaw (51.61) wrote:

"...Jon really understands how to solve the challenges of a fast growing, international consumer technology company. His high tech background serves as a good complement to the auto industry expertise on the Tesla team, consistent with our strategy is to recruit outstanding talent from both industries. I particularly liked that he managed Slashdot, one of my favorite sites,” said Tesla CEO Elon Musk..."ibid. 

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#5) On September 05, 2009 at 9:51 AM, gnulaw (51.61) wrote:

"...Lawsuit-plagued clean-tech darling Tesla Motors Inc. has hired a new general counsel. Jonathan Sobel, the one-time Yahoo GC, will take the reins from Craig Harding later this month, Tesla announced Tuesday.


The move comes as the electric carmaker continues to gain prominence. It also comes as Tesla has suffered legal setbacks and is facing a number of lawsuits, including a bitter spat between headstrong CEO Elon Musk and ousted co-founder Martin Eberhard.


Veteran legal recruiter Robert Major said Sobel, currently an executive at SourceForge Inc., an open-source and social media company, is the right man for the job.


"[Sobel's] a good guy and an excellent lawyer," said the Major, Lindsey & Africa recruiter, who was not involved in the match. "He's been around the block several times, dealing with different management styles, products, competitive forces and egos -- and has navigated those waters very well..." Source: Law.com

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#6) On September 05, 2009 at 1:55 PM, gnulaw (51.61) wrote:

It appears that not only has a key LNUX executive departed but Analyst Coverage disappeared* from SourceForge's website??? MSN Moneycentral also showing Analyst Coverage down from 3 to 2 in the past 30 days...SourceForge gone wild? 

 * site map  [Click Analyst Coverage]

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