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gnulaw (52.58)

Geeknet (GKNT) - A Disturbance in the Force? On GKNT, iCade shareholder value

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May 29, 2011 – Comments (3) | RELATED TICKERS: AMZN , BBY , GKNT

Geeknet (GKNT) A Disturbance in the Force? On GKNT, iCade shareholder value risks.

1. ION Audio controls the iCade gaming SDK (Jeff Scott's interview with IONAudio's Gaming Product Manager Fred Galpern). This is a concern and is also surprising given Geeknet's (former)* R&D capabilities/synergies on its media side (Slashdot.org, Sourceforge.net, Feedery.com). Insufficient Geeknet bandwidth to control  iCade SDK IP? Is this the effect of ongoing R&D slashing* since June 2010?


2. Apple releases an API for controllers, including releasing their own [controller(s)]. (See c|net's Scott Stein's May 25, 2011 article). 


*R&D slashed at Geeknet References:

1.(May 4, 2011)  7:14 Katy McCarthy "...R&D expenses decreased 550,000 or 36% YoY..."  (Q1 ending March 31, 2011 conference call) 

2. (February 15, 2011)  8:21 Katy McCarthy "...R&D expenses decreased $900,000 or 40%..." (Q4 ending December 31, 2010 conference call) 

3. (September 04, 2010)  [Update3] What is Langone's Endgame? Kenneth Langone Delivers on Promise* of Geeknet (GKNT) SourceForge Layoffs...R&D Spending Down 36.8% (From 16.6% for 6 mo ending June 30 2009 vs 10.5% same period 2010).

3 Comments – Post Your Own

#1) On June 02, 2011 at 4:59 PM, gnulaw (52.58) wrote:

Further pejorative effects of GKNT's R&D cuts?  

ReadWriteWeb.com "Github Has Surpassed Sourceforge and Google Code in Popularity", By Klint Finley / June 2, 2011 9:30 AM.

 

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#2) On July 05, 2011 at 7:02 PM, gnulaw (52.58) wrote:

 

GKNT Q2 ending June 30, 2011 numbers should be announced by August 5th. Q2 numbers ending June 30, 2010 announced August 4th here. Q1 ending March 31, 2011 numbers announced May 4th found here.

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#3) On July 11, 2011 at 8:01 PM, gnulaw (52.58) wrote:

 

(July 11, 2011) Geeknet Sets Second Quarter 2011 Financial Results Release Date

"...Geeknet...today announced that it will report its financial results for the second quarter ended June 30, 2011 on Wednesday, August 3, 2011. A conference call will be held that day at 11:00am PT / 2:00pm ET.

Live Dial In Information:


Live Dial In (Toll Free): (877) 348-9353
Live Dial In (International): (253) 237-1159

A live audio webcast and replay will be available in the Investor Relations section of the company's corporate website at geek.net/investors. A dial in replay will be available until midnight on August 17, 2011.

Dial In Replay Information:


Replay Number (Toll Free): (800) 642-1687
Replay Number (International): (706) 645-9291
Conference ID #: 78111080 ..."

 

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