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gnulaw (52.35)

[Update1] Langone, Geeknet (GKNT) Q3 numbers Disappoint, Management overviews on Conference call Embarrassing...Reverse Split Effective November 10th...Langone's UFI effected 1:3 reverse split today...Story Developing...



November 04, 2010 – Comments (5) | RELATED TICKERS: GKNT.DL , BBY , AMZN

Langone, Geeknet (GKNT) Q3 numbers Disappoint, Management overviews on Conference call Embarrassing...Reverse Split Effective November 10th [17:33 into CC]...Langone's UFI effected 1:3 reverse split today...Story Developing..

5 Comments – Post Your Own

#1) On November 04, 2010 at 7:06 PM, gnulaw (52.35) wrote:


[7:09] Scott Collison…"...I want to talk about 3 things today….1. getting the fundamentals right  2. increasing download pages..unique visitors increased 29% YoY to 40M unique   3. focusing on our core business… [8:29] …One of the key things in regaining momentum for the media business at geeknet is focusing product efforts on our core business.  To that end in q3 we sold our ohloh assets to blackduck software. We did this because SourceForge is in the business of software development  and distribution and not in the business of providing data on  open-source software development and use.  As such Ohloh was no longer part of that core mission…"

Back to reality...See  [Update1] Geeknet Divests ohloh (for $1.4M after paying $2.6M , in addition to associated operating, administrative, R&D from 5/2009 - 9/2010 (geek math)). The Minds Behind Failed to Turn Geeknet GKNTs World Class Open Source Assets Into Something Extraordinary. What's Next for and

#FAIL, #FTW...

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#2) On November 04, 2010 at 7:16 PM, gnulaw (52.35) wrote:

See Alexa Traffic Stats . Geeknet is a disaster...still.  

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#3) On November 04, 2010 at 7:21 PM, gnulaw (52.35) wrote:

Who is Geeknet's Mark Zuckerberg?

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#4) On November 04, 2010 at 7:29 PM, gnulaw (52.35) wrote:

"The retail division, ThinkGeek, is a very specialty retail business. Many of the items are specific to ThinkGeek and in fact acme like the iPhone keyboard recently released were designed by them. I don't see Amazon able to compete in this space effectively unless they were to acquire. Amazon's specialty is in logistics and user experience on their site not sourcing and design.

I know there are a lot of 'Geeks' that would dump Facebook in a heart beat if given a viable alternative.
" - Source: Nov 3, 2010 Yahoo! Finanace, vasourceaddict

"Vasourceaddict, are you suggesting that Geeknet create a viable alternative to fb for geeks?" -Source: Nov 3, 2010 Yahoo! Finance  

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#5) On November 05, 2010 at 5:26 AM, gnulaw (52.35) wrote:

The conference call sounded like what occurs at a wake with extended family where everyone is uncomfortable with everyone present and where a series of speeches are handed for the first time to the speaker where english is their second language and the CFO and CEO cannot agree on their numbers and provide superior evidence of that on a worldwide conference call...and right out of One Flew Over the Cuckoo's Nest. 

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