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gnulaw (52.71)

[Update1] Could an Extraordinary Gain be pending re: Geeknet's (GKNT) Nine (9%) Percent Ownership of CollabNet?



April 09, 2012 – Comments (2) | RELATED TICKERS: GKNT.DL , IAC , AMZN

(April 09, 2012) BREAKING NEWS (NASDAQ:GKNT) Sells Interest in CollabNet for $6 Million to Industry Venture Funds VI L.P.


(October 16, 2010) Could an Extraordinary Gain be pending re: Geeknet's (GKNT) Nine (9%) Percent Ownership of CollabNet?

Geeknet's (GKNT) nine (9%) percent ownership of CollabNet (1, 2, 3, 4, 5, 6). Could an extraordinary gain be pending (in the event of a HP, IBM...acquisition of CollabNet)?



1. (October 11, 2010) CollabNet Named an “Innovative Application Development and Deployment Company Under $100M to Watch” by Leading Analyst Firm.

2. (August 5, 2010) SEC Form 10-Q for the period ended June 30, 2010. "...At June 30, 2010, the Company owned approximately 9% of CollabNet consisting of CollabNet’s Series C-1 preferred stock.  As the Company holds less than 20% of the voting stock of CollabNet and does not otherwise exercise significant influence over them, the investment is accounted for under the cost method.  CollabNet is a developer of software used in collaborative software development...".

3.  (June 08, 2009) SourceForge Files fy'09 10-Q...Ohloh Acquired for $2.6M, 3.7M Shares Repurchased...$4.6M Impairment loss re: Collabnet. "...For the three months ended March 31, 2009, the Company recorded an impairment loss of $4.6 million related to its investment in CollabNet, which is included in interest and other income (expense), net...".

4.  (April 30, 2009) Is SourceForge.Net [and or CollabNet] in IBM's [and or HP's] Sites With Latest DeveloperWorks News?

5. (April 24, 2007) CollabNet® and VA Software [GKNT] Sign Asset Purchase Agreement for Acquisition of SourceForge® Enterprise Edition Business by CollabNet.

6. (April 10, 2007) CollabNet Partners With Ohloh to Bring Project Dashboards to Public and Open Source Development Communities Powered by CollabNet.

The Scott Collison-Geeknet-Ohloh link and part of Langone's Endgame?


2 Comments – Post Your Own

#1) On April 20, 2012 at 6:06 PM, gnulaw (52.71) wrote:

Couple the above with an announcement contemporanoeus with their pending Q1 2012 Conference Call May 3 that ThinkGeek's April Fools Barbie Digital Fashion Head is an actual product and will be kicked off with an online educational/learning ecosystem for geek girls ala coursera or Khan Academy and GKNT shareholders' long and tortuous wait will have been justified...think about the implications of that one. HUGE(.)

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#2) On April 27, 2012 at 7:07 PM, gnulaw (52.71) wrote:

Geeknet, Inc. (Nasdaq:GKNT)...will report its financial results for the first quarter ended March 31, 2012 on Thursday, May 3, 2012. A conference call will be held that day at 11:00am ET / 8:00am PT.

Live Dial In Information: Live Dial In (Toll Free): (877) 348-9353 Live Dial In (International): (253) 237-1159

A live audio webcast and replay will be available in the Investor Relations section of the company's corporate website at

A dial in replay will be available from 2:00pm ET May 3, 2012 to 11:59pm ET May 17, 2012. Dial In Replay Information: Replay Number (Toll Free): (855) 859-2056 Replay Number (International): (404) 537-3406 Conference ID #: 59211892






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