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SourceForge Changes Fiscal Year. What's Next? Insider Stock Options Repricing? Reverse Stock Split?

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May 05, 2009 – Comments (0) | RELATED TICKERS: IBM , BBY , GKNT

Is shareholder value at SourceForge all smoke and mirrors? Is SourceForge nothing but a refuge for failed Silicon Valley executives?

 

Kauffman's 1st announcement in months is SourceForge (NASDAQ:LNUX)'s announcement they are changing their fiscal year (ending July 31st) to a calendar year (ending December 31st). SourceForge just announced their Q2 fiscal 2009 ending January 31, 2009. They will now be announcing their q1 fiscal 2009 numbers ending March 31st on May 28th. So, they will be using the same numbers for the 30 days (1 month) ending January 31st 2009. Did Kauffman need these numbers for a reason? We will certainly know by LNUX's new Q2 ending June 30th...

SourceForge (Kauffman) has remained silent for months. Linux.com has been down since January 1st, that would be four (4) + months. That is not good..by [any] measure...for [any] reason. FreshMeat.net changed their very hot logo to no logo ala facebook suggesting that the only way SourceForge is capable of being web 2.0 relevant is not through pure development skills but ripping off web 2.0 Company type styles.  

Today's press release is boasting of their new site fossfor.us (below) despite the fact fossfor.us has never been formally announced other than slipping it out in their Q2 ending 2009 conference call in February...Smoking guns?  Scott! Back to you...

 

About SourceForge, Inc.

SourceForge's media and e-commerce web sites connect millions of influential technology professionals and enthusiasts each day. Combining user-developed content, online marketplaces and e-commerce, SourceForge is the global technology community's nexus for information exchange, goods for geeks, and open source software distribution and services. SourceForge's network of web sites serves 35 million unique visitors each month* and includes: SourceForge.net, Slashdot, ThinkGeek, Fossfor.us and freshmeat.net. Source: 5 May 2009 SourceForge.

 

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