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gnulaw (54.44)

(NASDAQ:LNUX) Board Director [beneficially] acquires another 2.4M shares Dec 8-Dec 10

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December 12, 2008 – Comments (3) | RELATED TICKERS: YHOO , CBS , CNET.DL2

LNUX Director and Gladwyne Principal Suzanne Present acquires another 2.4M shares Dec 8-10 at prices ranging from $0.67 - $0.89/share on the heels of SourceForge's December 4th announcement of its hiring of Scott L. Kauffman as its CEO and Board Director. LNUX was upgraded by MDB Capital on December 2nd from Neutral to Buy shortly after SourceForge announced Q1 fy2009 ending 31 October 2008 numbers on November 25th. Scott Kauffman was the former President and COO of online advertising firm Blue Lithium which was acquired by Yahoo! in September 2007 for $300 million. Kauffman was hired by Blue Lithium in September 2006.

3 Comments – Post Your Own

#1) On December 12, 2008 at 8:20 PM, gnulaw (54.44) wrote:

"...Yahoo! Announces Agreement to Acquire BlueLithium
Important Next Step in Yahoo!'s Mission to Lead the Transformation of How Advertisers Connect To and Engage With Their Customers

SUNNYVALE, Calif. & SAN JOSE, Calif., Sep 04, 2007 --

Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today announced that it has entered into a definitive agreement to acquire BlueLithium, one of the largest and fastest growing online global ad networks that offers an array of direct response products and capabilities for advertisers and publishers. Under the terms of the agreement, Yahoo! will acquire BlueLithium for approximately $300 million in cash..." - source: Yahoo! Press Release 4 Sep 2007

 

 

 

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#2) On January 05, 2009 at 5:48 PM, gnulaw (54.44) wrote:

Present, et al acquire another 120,000 shares at prices ranging from $0.83 - $0.93 December 30-31 2008.

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#3) On January 07, 2009 at 6:07 PM, gnulaw (54.44) wrote:

The Street.com reported today that Marlin Sams Fund LP aka Suzanne Present, member of (NASDAQ:LNUX) Board of Directors,  was the top Open-Market puchaser on Tuesday of shares of SourceForge.

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