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gnulaw (56.38)

Has Scott Kauffman Discovered the Combination to Unlocking SourceForge (NASDAQ:LNUX) Shareholder Value?

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June 26, 2009 – Comments (7) | RELATED TICKERS: GKNT , IBM , IACI

 Just as a combination lock's security is determined by the number of wheels in a wheel pack, which is based on how many numbers are in the combination, unlocking LNUX shareholder value has possibly been determined by 6 wheels, as follows:

1st number:  Baseline Assets: ThinkGeek.com, Slashdot.org, SourceForge.net

2nd number:  October 29, 2007 hiring of Jonathan Sobel.

3rd number:   September 24, 2008 SourceForge brings on Suzanne Present, Lazard Freres, Gladwyne, Marlin Sams Fund, et al after accumulating a controlling position in (NASDAQ:LNUX). Present is a wildcard, may not be one of the numbers. Suzanne Present is also on the Board of Directors of Electric Sheep Company and Anshe Chung Studios. This may prove significant with the 6th number.

4th number:  December 3, 2008 SourceForge appointed Scott L. Kauffman President, CEO, and a Director of SourceForge. LNUX stock performance since Scott Kauffman joined SourceForge 12/08 - 06/09. 

5th number:  Ohloh Acquisition announced May 28, 2009. 

6th number: June 10, 2009 Michael Sileck was appointed to LNUX's Board of Directors. Sileck was formerly COO (NYSE:WWE), CFO Monster Worldwide (NYSE:MWW), and in finance positions with USA Networks, now Barry Diller's IAC/Interactive Corp (NASDAQ:IACI). Sileck is also a senior advisor to and on the Board of Directors of Beeing. The CEO of Beeing is O Liam Wright. There seems to be a potential connection between Beeing/Wright (no pun intended) and Present/Electric Sheep/Anshe Chung (3rd number).  

 

Does this combination imply LNUX is going after/beyond IACI? 
  

7 Comments – Post Your Own

#1) On June 26, 2009 at 10:03 PM, gnulaw (56.38) wrote:

SourceForge Shareholder News

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#2) On June 28, 2009 at 9:52 AM, gnulaw (56.38) wrote:

That being said...the following issues of fact should be considered...

 

1. SourceForge is currently unprofitable and revenues are decelerating  

2. Spin-off of Linux.com to the Linux Foundation.

3. ThinkGeek is SourceForge's major source of revenues yet is inconsistent with its evolving mission statement and appears to be rudderless. Again,  Kauffman should tap Best Buy of a sr. exec and make President of ThinkGeek...put in play with BBY et al within one year(.)

SourceForge itself, sans ThinkGeek, i.e. post spinoff, could be put in play with IBM, et al. in re: open source ecosystem without peer.

4. I am concerned with LNUX's conference call...again, they sound as if one were on the opposite side of the one-way mirror witnessing/listening to a focus group session on the effects of a clinical drug trial of a seratonin reuptake inhibitor where LNUX management is the focus group...very disturbing.

5. SourceForge, under Kauffman, has effectively shut down presenting at investment conferences, a baseline, default shareholder value strategy for any responsible publicly-held Company. 

6. As I write this SourceForge.com has been given a facelift. 

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#3) On June 28, 2009 at 10:02 AM, gnulaw (56.38) wrote:

ADDENDUM: Point 3 above ref SourceForge.net and IBM

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#4) On June 28, 2009 at 10:09 AM, gnulaw (56.38) wrote:

Note: Given SourceForge has now publicly disclosed ohloh.net (this acquisition was suppoed to be announced in "early June" but has not) and fossfor.us (never formally publicly disclosed) on its newly designed website today, Sunday,  June 28, 2009 one can assume they will be issuing a press release Monday June 29th...another smoking gun(s)...

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#5) On August 15, 2009 at 1:29 PM, gnulaw (56.38) wrote:

Another issue of fact which would qualify as part of this 'shareholder value combination' would arguably go with the 6th number of the combination (above). LNUX Board of Director member, Andrew Anker's 6/10/09 acquisition of 70,000 shares at $1.25 (and conspicuous vote of confidence in Kauffman, Sileck, and LNUX's undervaluation at $1.25), the same day of Michael Silek's appointment to LNUX's Board was announced (and noted as [the] 6th number of the combination). Anker is also EVP Corporate Development of sixapart.com. That said, where was the 1. announcement of ThinkGeek's 10th Anniversary on August 13th ???!!!  2. a ThinkGeek (NASDAQ:G33K) IPO to levelset LNUX shareholder value 3. Announcement ThinkGeek was granted the Tauntaun License from LucasFilms per Scott Kauffman's disclosure at the recent Q2 ending June 20, 2009 Earnings Conference Call...

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#6) On August 15, 2009 at 2:06 PM, gnulaw (56.38) wrote:

Re: A (NASDAQ:G33K) IPO. This [is] unequivocally who Jonathan Sobel is/does. One simply has to ask the question, Why/What would someone with his background be doing at SourceForge? 

 

When he was at Yahoo!

Jon Sobel - Vice President, General Counsel and Secretary

As Yahoo!'s general counsel, Jon Sobel is responsible for the management of the company's legal affairs and the direction of the company's legal strategy, as well as its worldwide public policy and government relations. An attorney for more than a decade, Sobel was promoted to the company's general counsel after serving as the associate general counsel since 1999. In this capacity, he managed a team of legal professionals who were instrumental in handling the company's issues related to litigation, patent protection, compliance and abuse, and public policy. Sobel also played a key role in negotiating many of Yahoo!'s technology deals and strategic alliances. Prior to joining Yahoo! in 1998, Sobel was associate general counsel for Electronics for Imaging Inc. and Chips and Technologies, Inc. From 1990 through 1996, he was a litigation attorney in private practice, representing a wide range of clients from diverse industries. Sobel holds an A.B. degree in public policy with honors from Princeton University and a J.D. degree with honors from the University of Michigan Law School. Sobel has spoken on a number of legal-related topics, including intellectual property, privacy and strategic alliances for organizations such as The Practicing Law Institute and a variety of other continuing legal education programs. 

Source:  

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#7) On August 19, 2009 at 7:56 PM, gnulaw (56.38) wrote:

6th Number, continued.

 

Michael Sileck acquires another 7,873 shares in the open market August 19th.

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