Use access key #2 to skip to page content.

gnulaw (51.33)

Will Geeknet (LNUX)s slashdot.org, SourceForge.net, and ohloh.net be Donated Away Like Tesla's Sobel did with Linux.com?

Recs

3

January 03, 2010 – Comments (3) | RELATED TICKERS: AMZN , BBY , GKNT

The big question regarding the Motley Fool blog subject: Tesla Motors' Jonathan Sobel. What Exactly Did He Do For/To Geeknet (LNUX) Before Abruptly Jumping Ship to Tesla? is: Will sourceforge.net, slashdot.org, ohloh.net, and freshmeat.net go the way of Linux.com? (see Tesla Motors' Jonathan Sobel blog footnotes 1,2,3,4) given Geeknet management has consistently and incomprehensibly failed in not only not creating shareholder value from these hugely (1.) substantive assets (2.) but Sobel and the Geeknet (LNUX) Management (excluding Caroline Offutt) and Board have actually destroyed LNUX shareholder value (3.). 

 

/s/chaosUnplugged, Shareholder Value Activists, Of the Shareholders, By the Shareholders, For the Shareholders (sm), (tm), (c) copyright 1996-2010 gnulaw.org. All Rights Reserved.  #1 Motley Fool Score Leader Motley Fool Red Hat Pick.

(1). SourceForge.net statistics: 33 million monthly unique visitors, 103 million page views per month, 2.8 million downloads daily, 2.2 million registered users 

 

(2). SourceForge.net World Alexa Traffic Rankings Note: SourceForge.net's rankings within the BRIC nations (bolded below). digg.com cannot even boast this accomplishment and they have been valued at $100 - $250M. Geeknet's valuation as of 12/31's close is $71.97 million (including ThinkGeek) ?!#%.

How Sourceforge.net is ranked around the world (1/2/10):

70  Bangladesh

75  Austria

86  South Africa

89  Germany

113  Switzerland

133  Netherlands

135  Italy

141  Pakistan

146  Ukraine

148  Sweden

155  Indonesia

158  India

158  Portugal

165  Australia

175  Romania

176  United Kingdom

182  South Korea

204  Greece

208  China

214  Iran

215  Canada

232  Spain

235  United States

245  Turkey

263  Brazil

266  France

268  Russia

285  Poland

403  Thailand

418  Mexico

428  Egypt

525  Saudi Arabia

595  Japan  

 

(3).

SourceForge (LNUX) Changes Name and Announces Launch of Geeknet, Negative Earnings Surprise 

Shareholders vote with their $. Geeknet (LNUX) Downgraded, Shares Sink Further Below Liquidation Value.

Geeknet (LNUX) Q4 Ending December 31st 2009 Guidance, Cash Burn, Q2 Actuals ending Jan 31, 2009, and What Really Needs to Happen [Now].

 

Disclosure: This post first appeared substantially as a comment but the author felt this subject is too important in the pursuit of exposing failures in maximizing insider and non-insider shareholder value.

3 Comments – Post Your Own

#1) On January 03, 2010 at 12:08 PM, gnulaw (51.33) wrote:

>>(2). SourceForge.net World Alexa Traffic Rankings Note: SourceForge.net's rankings within the BRICnations (bolded below). digg.com cannot even boast this accomplishment and they have been valued at $100 - $250M. Geeknet's valuation as of 12/31's close is $71.97 million (including ThinkGeek) ?!#%.

 

dnScoop.com values SourceForge.net alone at $244,808,000 or $4.05/share and digg.com at $568,568,000  Source: http://www.dnscoop.com/

Report this comment
#2) On January 03, 2010 at 12:19 PM, gnulaw (51.33) wrote:

See http://www.topix.com/com/sourceforge/2010/01/dnscoop-com-valuing-geeknet-lnux-at-244-808-000-or-4-05-share-alone

Report this comment
#3) On January 03, 2010 at 5:13 PM, FreeMortal (29.38) wrote:

*Sniff*

I'm a big fan of Sourceforge and Slashdot... from a consumer perspective.  I'd love to tell you how wrong you are about it all, but I cannot.  

LNUX is a great business travisty and a perfect counterexample to the boneheaded notion that traffic is all that matters.  The word "prerevenue" is code for "we don't know what we're doing".

Such a shame.

Report this comment

Featured Broker Partners


Advertisement