Geeknet
| Kind | Public companies | |
|---|---|---|
| Market information |
| |
| The head office location |  The United States of AmericaMountain View(CaliforniaState) | |
| The establishment | 1993 | |
| Business contents | Web site administration | |
| Representative | Scott L. Kauffman (President & CEO) | |
| Sales amount | 43,630,000 dollars (2006) | |
| Total assets | 10,960,000 dollars (2006) | |
| The number of employees | 127 (2006) | |
| Person to be related to | Rally オーガスティン (the founder) Eric Raymond (former director) Rob マルダ ( SlashdotThe founder) | |
| Outside link | geek.net |
Geeknet, Inc. (geek net ink, NASDAQ: LNUX) is media company establishing the head office in Mountain View of California, the United States. I run well-known Web sites such as SourceForge.net, Slashdot, Freshmeat, Ohloh (other companies sale finished), ThinkGeek. It is founded as VA Research company and changes VA Linux Systems, VA Software, SourceForge, Inc. and a name and leads to a current company name.
Table of contents
Early history
It is founded as VA Research company in 1993 by rally オーガスティン and James Bella who were a graduate student of Stanford University. They preinstalled the Linux OS to a cheap PC as a substitute of the expensive UNIX Workstation in those days and started the business that I sold. For a hardware vendor providing Linux, it is one of the vendors which appeared earliest. The business of this Linux hardware accomplished rapid growth and brought sales more than 100 million dollars and the profit of 10% in 1998 [1], and it was the largest vendor which grasped the share of 20% of Linux hardware markets.
In the first half of 1999, purchase Linux Hardware Solutions Corporation which was a competing company at the time; with this purchase a company name from VA Research to VA Linux Systems changed it, and started preparations for stock market flotation. In addition, I defeat the competition of the Linux .com domain transfer in close competition [2] and, for this same period, will own Linux .com domain.
Stock market flotation
On December 9, 1999, I achieved presentation to NASDAQ for an initial public offering as VA Linux Systems. The public price of IPO was set for 30 dollars, but it was 299 dollars to largely exceed a public price that the first business was established and recorded the wonderful first price of the New Year. After continuing rising, and having recorded a transaction price of a maximum of 320 dollars, a sudden fall happened and finished business for 239.25 dollars (698% of rises) afterwards on the public first day. The record of this opening rate of climb is known as the most successful IPO now. However, the success of this IPO is over in a short life, and, within one year after an exhibition, the stock prices come to be less than 30 dollars that is the first application price and will record minimum of 54 cents on July 24, 2002. When it begins to be understood by VA Linux for an IPO open call for participants price and a vast difference between the opening price that the profitability of the company does not seem to justify the stock prices again without gathering only than it looks very small capital, it may be said that I invited a fall sudden adversely.
In IPO of this VA Linux Systems, many open source developers mainly on Linux kernel and Debian Project relations are given the purchase right at the open call for participants price [3] and will give a developer big wealth in the short term.
Recent trend
As server vendors of Dell, the HP pushed forward Linux correspondence, the Linux hardware business mainly on the Linux server which was business from the establishment of a business of the company began to be exposed to severe competition in about 2000 and came to record an operating loss. I withdraw from business of the Linux hardware business that accounted for the most of sales on June 26, 2001 and perform much personnel reduction and I stand and will give newly software business after all [4].
On December 6, 2001, VA Linux Systems company changed the name to VA Software. However, it was the only overseas corporation of VA Linux Systems company, and it was in a biggest shareholder, and, in VA Linux Systems Japan Co., Ltd. which I stood by Sumitomo Corporation and joint management and gave, Sumitomo Corporation came to take the movement independent of VA Software Corporation in January, 2002 without following a series of business changes. VA Linux Systems Japan performs business of the Linux software originally now.
In VA Software company which withdrew from hardware business, I sold it with development of the proprietary software in imitation of SourceForge.net, but performed sale [5] of the software business in CollabNet company on April 24, 2007. By this business sale, all business as VA Software became extinct and changed a company name to SourceForge, Inc. on May 24, 2007.
Turnover to the media business company
VA Linux Systems company just after the IPO purchased Andover.net company on February 3, 2000. Andover.net company holds Slashdot, Freshmeat, a referring site such as ThinkGeek and similarly carried out presentation in NASDAQ on the day before of the stock market flotation of VA Linux company, but I move administration of Linux .com which VA Linux knocked down by competition and SourceForge.net which started administration in November, 1999, and a subsidiary called Open Source Development Network Corporation will be established by the organization of this Andover.net. Open Source Development Network company changes a company name of it to Open Source Technology Group company afterwards and is run independence as a subsidiary of the media business until 2007.
I am complicated with VA Software company where all business became extinct with Open Source Technology Group company in May, the following day by VA Software company having sold software business in April, 2007 and will change a company name to SourceForge, Inc., but a parent company becomes extinct, and a subsidiary will in this way retain it virtually as a listed company in substitution for a parent company. SourceForge company as the corporation is a company connected from VA Research company, but, at this point in time, the continuity of the business disappears.
In March, 2009, I sold Linux .com to Linux Foundation [6]. In addition, in November, 2009, I changed a company name of it from SourceForge, Inc. to Geeknet, Inc. [7].
Current business
Current Geeknet company runs SourceForge.net, Slashdot, Freshmeat, Ohloh, each site of ThinkGeek. In Japan, OSDN Co., Ltd. which performed spinning out from VA Linux Systems Japan Co., Ltd. in September, 2007 runs Slashdot Japan, a Japanese edition site such as SourceForge.JP.
Footnote
- ^ http://www.forbes.com/1999/05/03/feat.html
- ^ http://wiredvision.jp/archives/199903/1999030306.html
- ^ http://wiredvision.jp/archives/199912/1999121002.html
- ^ http://web.archive.org/web/20060529013422/http://www.vasoftware.com/news/press.php/2001/68.html
- ^ http://www.eweek.com/c/a/Application-Development/CollabNet-Acquires-SourceForge/
- ^ http://sourceforge.jp/magazine/09/03/04/0211226
- ^ http://sourceforge.jp/magazine/09/11/05/0451202
Outside link
This article is taken from the Japanese Wikipedia Geeknet
This article is distributed by cc-by-sa or GFDL license in accordance with the provisions of Wikipedia.
In addition, Tranpedia is simply not responsible for any show is only by translating the writings of foreign licenses that are compatible with CC-BY-SA license information.
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