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gnulaw (51.06)

[UPDATE1] Google's (GOOG) Fiscal Year ended 12/31/09 and Announced results 1/21. Geeknet's Fiscal year ended 12/31/09. Geeknet remains silent. What is Geeknet Hiding/Running Away From?

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January 23, 2010 – Comments (3) | RELATED TICKERS: GKNT , AMZN , BBY

 

On January 12th Google (GOOG) issued a press release entitled "Google to Announce Fourth Quarter 2009 Financial Results". Google had appx 20,164 employees at the end of 2008 and reported Q4 revenues (2009) of $6.67B and annual revenues of $23.65B on 1/21.

Geeknet (LNUX) has 139 employees and annual revenues less than $62 million has not even announced their intent to announce (nor have they ever engaged the analyst nor investor community at all since Kauffman became CEO). Again, the most fundamental baseline investor relations strategy a publicly-held company simply [must] implement especially in high-tech, especially in silicon valley, especially in this economy...What is KauffmanManagement, the Board of Directors hiding/running away from? Twelve days after their fiscal year end, 20,000+ employees strong, > $20B Revenues, and IPO'd appx four years after LNUX's IPO and Geeknet fka SourceForge fka VA Linux still cannot get their act together.

Geeknet (LNUX), the Face of sustained shareholder value destruction.

gnulaw.org  

3 Comments – Post Your Own

#1) On January 23, 2010 at 10:01 AM, gnulaw (51.06) wrote:

Geeknet's History

Geeknet, Inc. (NASDAQLNUX) is a Mountain View, California company that owns several computer tech-related websites and the online retailer ThinkGeek. Formerly known as VA Research, VA Linux Systems, VA Software, and SourceForge, Inc., it was founded in 1993...Source: Full history at Wikipedia.

 

 

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#2) On January 24, 2010 at 7:54 AM, gnulaw (51.06) wrote:

[CORRECTION]

 

Geeknet, Inc. (NASDAQLNUX) is a Mountain View, California company that owns several computer tech-related websites and the online retailer ThinkGeek. Formerly known as VA ResearchVA Linux SystemsVA Software, andSourceForge, Inc., it was founded in 1993. As of November 2009, Geeknet owns the websites FreshmeatOhloh,Slashdot, and SourceForge.net. ...Source: Full history at Wikipedia

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#3) On January 24, 2010 at 9:18 AM, gnulaw (51.06) wrote:

 

Geeknet (LNUX):In Perspective

 

Two Articles that say it all.

1. Geeknet (LNUX) - Large Institutional 13D Shareholder Put Pressure On Board Demanding to Unlock Value. Where is Geeknet now 21 Months Later?

 

2. Top 25 stocks for the NEXT 25 years: SourceForge -- LNUX

 

2a. Geeknet (LNUX) performance since this article was posted (May 31, 2007).  

 

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