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gnulaw (51.33)

Stanford Research thinks c|net acquisition could foretell new targets including LNUX.

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May 15, 2008 – Comments (1) | RELATED TICKERS: GKNT , CNET.DL2 , CBS

"...Stanford, another research firm, said it views the offer as fair and as a good acquisition for CBS. The firm also thinks CNET's sale and Microsoft's (MSFT - Cramer's Take - Stockpickr) withdrawn bid for Yahoo! (YHOO - Cramer's Take - Stockpickr) could foretell a new round of Internet advertising consolidation, suggesting targets could include SourceForge (LNUX - Cramer's Take - Stockpickr), The Knot (KNOT - Cramer's Take - Stockpickr) and ValueClick (VCLK - Cramer's Take - Stockpickr)..." Source: The Street.com May 15, 2008 [emphasis added].

1 Comments – Post Your Own

#1) On June 10, 2008 at 6:10 PM, gnulaw (51.33) wrote:

[UPDATE] (June 10, 2008) SmallcapInvestor.com on (NASDAQ:LNUX:)

"...The CNET announcement could place pressure on the remaining, small publicly held Internet media companies to find merger partners.

One such name is $92 million SourceForge. Formerly known as VA Software Corporation, SourceForge changed to its new corporate name last year after the sale of its software business to CollabNet. The Mountain View, Calif.-based company’s remaining operations include its namesake SourceForge.net website, which hosts more than 170,000 open source software projects. SourceForge also runs IT community and news-focused websites Slashdot.org, Linux.com, FreshMeat.net, ITManagersJournal.com and NewsForge.com. SourceForge also operates a niche e-commerce operation called ThinkGeek.com. All told, SourceForge claims that its network of websites reaches 32 million unique visitors each month. 
 
While SourceForge has a strong position in a valuable segment of the online media space, serving technology professionals and enthusiasts, it has been unable to translate this position into sustained profits. SourceForge management has attracted a reputation in recent years for unfulfilled promises and missed guidance. After SourceForge reported another quarter of disappointing results at the end of May, Trivium Capital, the company’s second-largest shareholder, called on SourceForge to either seek strategic alternatives or announce a significant stock buyback. Trivium pointed out that SourceForge, as of the most recent quarter, was sitting on a cash position of $0.82 a share with “possibly” another $0.10 a share in value from its stake in CollabNet. On Monday, SourceForge established a new 52-week low of $1.35..."

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