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[Update1] Kenneth Langone, Takes Over as CEO of Geeknet (GKNT) fka (LNUX)...owns 30% of common and controls 57% of the Board...story developing...

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August 05, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , YHOO

Geeknet (GKNT) fka (LNUX) Announces Ken Langone as new CEO and Departure of Scott Kauffman, CEO and Director, 1:10 Reverse Stock Split, Continuing Losses, and a Decrease of another $5.2M in cash. Q2 numbers ending June 30, 2010 as reported on August 4th on the Q2 ending June 30 conference call...1:56 / 18:09 2nd quarter 2010 Financial Results Conference Call "…my partners and I bought about thirty (30%) percent of this stock over a period of time…" announced Kenneth Langone, CEO, Geeknet (GKNT) formerly Geeknet (LNUX), August 4, 2010 as he introduced himself to Geeknet (LNUX) nka (GKNT) shareholders...SEC Form 10-Q filed August 5th, 2010...story developing....

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