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More SourceForge (NASDQ:LNUX) Smoking Guns...

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February 23, 2009 – Comments (0) | RELATED TICKERS: CBS , BBY , YHOO

 

Smoking Gun #1. 7,460 shares volume today (similar volume recently). What signal(s) is this sending from the street? The street has no confidence in SourceForge given Kauffman's inability to evidence any ability to: 1. Create [non-insider] shareholder value or 2. Monetize SourceForge's substantive assets...and why didn't Kauffman announce CDNetworks alliance with SourceForge.net or ThinkGeek being named to 2009 Internet Retailer's Internet Hot 100 Retail Websites?

Smoking Guns #2, #3. On July 10th, 2008 SourceForge announced the release of its iPhone App "SFNetNews"..."Breaking news on high-tech topics is extremely well-suited for the iPhone," said Jon Sobel, group president, SourceForge Media. "Slashdot readers, in particular, are heavy users of cutting-edge devices, and the iPhone is no exception. We're very excited to provide them with a superior mobile browsing experience."  The only problem is that on January 1st Kauffman shut down Linux.com, so Jon Sobels "Breaking News" now brings up news from December 2008. This announcement still prominently appears on SourceForge's Company Home Page.

 

                                 Q2 2009 SourceForge, Inc. Earnings Conference Call

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