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gnulaw (54.21)

I ThinkGeek, Therefore I Am [Not] aka SourceForge Remains Shareholder Value Challenged

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May 15, 2009 – Comments (6) | RELATED TICKERS: IBM , BBY , GKNT

Immanuel Kant Critique of Pure Reason Sequel Published By SourceForge on May 12th

It is called Critique of Pure UnReason by I. Kan't...On May 12th SourceForge issued a press release entitled

"For Spring 2009 Graduations and Father's Day, ThinkGeek's Got The Right Techie Gifts For Both Dads and Grads!"

"...Of the many products available, a long-awaited favorite is back, providing a chance for Dads and Grads to bond like never before. Sort of the modern equivalent of playing catch, only much better and with lots of sound effects, the beloved Star Wars Force FX Lightsabers ($99.99) are now available! They come in six different authentic saber styles..."

For the same amount of money, SourceForge [could] have [also] and not necessarily in lieu of, highlighted their Star Trek Delta Shield T-Shirt , contemporaneous with the fact that the Star Trek Movie which was released on May 8th and on May 10th  (two days before ThinkGeek's Release) came in at #1 in Box Office Revenues ... and then there's ThinkGeek's iPhone accessories given iPhone's unprecedented historical feat and market share/installed base (as in sales of accessories)...I could go on. Shame on Caroline Offutt and Scott Kauffman.

This is very sad and does not bode well for SourceForge's shareholders. This is unfortunately superior evidence [as in consistent patterns] that Scott Kauffman simply does not understand shareholder value maximization, in general, nor what ThinkGeek represents, in particular. Not to mention, what are the priceless and irreversible lost opportunity costs ?

Again, tap Best Buy and exponentially ramp up ThinkGeek's revenues/market share within 12-18 months and then spin it out to Best Buy et al in a bidding war, just as the SourceForge.net/Slashdot/Linux.com Open Source ecosystem should be poised for a bidding war with IBM, et al...

Scott Kauffman, Annoyatron 3.0. or I ThinkGeek , Therefore I Am [Not]?

 

 

 

6 Comments – Post Your Own

#1) On May 15, 2009 at 9:30 PM, gnulaw (54.21) wrote:

[Addendum/Clarification]

>>Again, tap Best Buy

tap Best Buy to become President, COO SourceForge eCommerce Division.

Also, ThinkGeek should have offered the Star Trek T-Shirt for Free for all purchases over $120 for Dads and Grads (through June 30th). This would have cemented ThinkGeek's future, PV, Brand Equity....forever.

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#2) On May 15, 2009 at 9:33 PM, gnulaw (54.21) wrote:

 SourceForge (NASDAQ:LNUX) News

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#3) On May 17, 2009 at 9:02 AM, gnulaw (54.21) wrote:

>>Immanuel Kant Critique of Pure Reason Sequel

>> Published By SourceForge on May 12th

>>It is called Critique of Pure UnReason by I. Kan't...

>>On May 12th SourceForge issued a press release

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#4) On May 18, 2009 at 8:17 PM, gnulaw (54.21) wrote:

Star Trek came in #2 at $43M in Box Office Revenues the weekend of May 15-17 [just] behind #1 Angels & Demons, however in 2 weeks, Star Trek has now grossed $147,000,000+ in revenues. Kauffman could have re-released their May 12th release to properly position themselves to preclude said irreversible lost opportunity costs [but] they didn't, again, confirming 1. their arrogance (as they have seen this article)  2. their reckless disregard for (NASDAQ:LNUX) shareholders and 3. further confirmation how alienated Scott Kauffman is from understanding the responsibilities and implications in running a publicly-held corporation. Officers and Directors [report] to the shareholders...to be continued...

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#5) On June 07, 2009 at 10:09 AM, gnulaw (54.21) wrote:

[UPDATE June 5, 2009]

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#6) On June 07, 2009 at 9:48 PM, gnulaw (54.21) wrote:

[Update2] As of the June 5-7 weekend Star Trek"...has generated $222.8 million in sales, the most of any movie in the U.S. and Canada this year...." source: Bloomberg June 7, 2009. There is little wonder why ThinkGeek's revenues decreased QoQ.

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