Is Geeknet GKNT at a Turning Point of Creating Significant Shareholder Value From the Geek Culture Surge and Pending Yahoo! del.icio.us Spinoff?
Is Geeknet GKNT at turning point of creating significant shareholder value from the geek culture surge and pending Yahoo! del.icio.us spinoff* ? Can Langone, and Collison maximize shareholder value given an existing and disruptively conducive infrastructure handed to them on a silver platter?
*Geeknet's Feedery.com and Slashdot.org [should] be beneficiaries. The concern and question shareholders should be asking is Scott Collison's failure to create shareholder value with Geeknet's 5/2009 $2.6M acquisition of ohloh.net (Scott Collison CEO, Ohloh) and 16 months later dumping ohloh.net as a $1.4M Asset Sale (Scott Collison, VP Product, Geeknet) and then awarding Scott Collison $2M for continuing patterns of shareholder value destruction and conversely, and with all due respect, his failure to create shareholder value with the Geeknet media assets ( SourceForge.net, slashdot.org, freshmeat.net, feedery.com).