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gnulaw (51.59)

Why Github Must be Acquired in the Very Short-Term or Geeknet (GKNT)s SourceForge and Slashdot Family Needs to be Sold [now].

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August 06, 2010 – Comments (0) | RELATED TICKERS: GKNT , BBY , AMZN

(August 4, 2010) 3:25/18:09 into the q2 ending June 30, 2010 conference call  (Realaudio)  

Kenneth Langone: "...I think we have to spend some time on our SourceForge business. There's some opportunities there and some challenges...We have no specific designs on immediate management changes but I will say that over the next week and a half in deference to all people in the company I'm going to do a very exhaustive analysis of our cost structure and make certain we bring our costs in line with our expected revenues, especially on the SourceForge side..."


(July 28, 2010) Is Geeknet (LNUX)s SourceForge Following Slashdot's Foot(Mis)steps?

(August 3, 2010) 37signals.com: "How successful is your business?"

Github: "That we’re able to convince great people to work with us and pay them really well, all without any sort of outside funding, is the most exciting thing for me. By that metric, we’re very successful. As far as numbers go, we have hundreds of thousands of users, tens of thousands of paying customers, and almost a million repositories – with thousands more added each day. All in just over two years."

 

Problem Statement: SourceForge (and Slashdot) are led by slashdot's co-founder. RWW broke this article on July 29th, 2010 slashdot struggles to remain relevant 

 

* per the above, common sense and syllogistic reasoning would dictate letting go the Vice President, Product (Slashdot co-founder and SourceForge Chief Product Officer) and CFO. SourceForge, Freshmeat nor Slashdot and management team are simply not focused on profits nor relevance. If Kenneth Langone is serious this is simply what must  happen now. 

 

References:
(May 09, 2010) Slashdot nemesis Digg reduces employee count by "about 10%". Geeknet (LNUX) CEO "...stay tuned


(April 23, 2010) Is SourceForge nka Geeknet (LNUX) About to Blow it a Second* (Third) Time in its Ten Year History?

 

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