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gnulaw (51.06)

Sourceforge.net, Recession, LNUX, Gladwyne, and shareholder value

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November 07, 2008 – Comments (4) | RELATED TICKERS: CBS , GKNT , YHOO


so...do fiscal q1 2009 numbers even matter in this financial meltdown? For most companies it is arguable that meeting or marginally beating consensus will not create shareholder value but may prevent shareholder value destruction, however, Sourceforge may just be the beneficiary of the  meltdown and recession given many IT budgets are tightening. Three major Open Source releases are pending, Zenoss, Groundwork, and Hyperic and they are all hosted on SourceForge.net. internetnews.com discusses this subject here   .

I wonder if the erudite Yahoo! Finance's Marrissa_29 is still in or bailed given the present meltdown and projected long-term recession arguably suggests being long a penny-stock is an unreasonable allocation of ones assets. Although, former Lazard Freres M&A manager and current LNUX Director Suzanne Present beneficially controls appx 20% of LNUX common and was accumulating LNUX shares after Bear Stearns collapsed portending the current situation and continued to accumulate through September 2008...

4 Comments – Post Your Own

#1) On November 07, 2008 at 8:03 PM, gnulaw (51.06) wrote:

>>Although, former Lazard Freres M&A manager and [recently appointed] LNUX Director Suzanne Present...

>>and continued to accumulate through September 2008...

 

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#2) On November 07, 2008 at 8:07 PM, gnulaw (51.06) wrote:

>>so...do fiscal q1 2009 numbers even matter in this financial meltdown?

 

 

 

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#3) On November 08, 2008 at 9:29 AM, gnulaw (51.06) wrote:

Google's Schmidt Sees Global Decline in Ad Spending

Source: Bloomberg News 8 November 2008

SourceForge is a first-tier pure Internet content play for any advertiser. Alexa rankings consistently confirm this.  One could argue that LNUX trading at $1 is like purchasing a CALL option with no expiration date. Intrinsic value 0? Time value > $.27* Option value ? 

=>Q: Is LNUX trading at less than what a LNUX CALL option would cost with a $1 strike price? => Black-Scholes value?

All things point to LNUX is in play. LNUX will either be spun-off in the short-term or may emerge as one of the dominant Internet plays if the team LNUX has been assembling over the past year realize their SourceForge.net-slashdot.org-Thinkgeek.com-Linux.com monetization objectives.

 

* LNUX has $ .73 in cash/share including long-term investments. Time Value = $1.00 - $ 0.73 = $ 0.27?

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#4) On November 08, 2008 at 9:50 AM, gnulaw (51.06) wrote:

>>bailed given the present meltdown and projected long-term recession arguably suggests being long a penny-stock... 

Shareholder value destroyed by LNUX management and the Board of Directors in the past 12 months and since its $320/share high December 9, 1999.

 

 

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