SOURCEFORGE, INC. (LNUX)

[batteryman]

Ready form a new high.

Geeknet closed the year with a solid fourth quarter and the trend is bullish

[strongstock]

little move here today! Is this the beginning of something?

[trythisagain]

LNUX Chart:

[klonnie24]

Here we go, Let's see if they can pull off the upset today.


http://biz.yahoo.com/research/earncal/20080828.html?t=lnux


Earnigns after close today!


All My posts are in my own opinion I'm sure your opinion will differ and your welcome to post it cause thats What IHUB is for.

[william2112]

brave new world... :)....good news...

http://biz.yahoo.com/iw/080710/0414965.html

[william2112]

those inside buys were gravy to me..after the fact(my taking a position)...i love the "non-debt"....and i love sourceforge... been visiting their website for applications for quite some time

what's scary is the mentality in the market....everybody is skitzo'..lol...like cattle ..spend too much time watching idiots on cnbc...etc..the economy actually has a lot of upside going for it currently...just being ignored....everything is here(closest thing to the truth)..http://www.bls.gov/ ....best thing going though... don't have to plug in price ranges to find so called "values".....everything is under five bucks....lol.. been a while since i've seen so many "penny" stocks.....it's pretty incredible(imo)....just tough picking bottoms...but a lot..and i mean..a lot..of money to be made(besides the short play)

OT: openwave crashed again...i'm down 20 points.... and can't figure out why joe schmoe "buyer" didn't get turned on to that asset sale.it was/is sweet...just have to get that audit over with...lol..flippn' whistle blower probably green...and lookn' for upscale..blah..blah...blah--best of luck

[findit]

We may have been snuckered by those nice insider buys. Two more buys just reported in after hours and both for 100k shares at .001. Usually this type of discount has an explaination on why the low price. These form 4's gave no indication. Jim

[william2112]

well..i stand corrected.....and agree..........am holding openwave as well...that one being a bit more riskier(a lot more)

sourceforge is healthy on cash..and ripe.......

this sector has been pretty stable and much less volatile..especially in june....good luck to ya!

ps...that trading late today had me a bit freaked out...crazy quick drop...into the swing back up....geeeesh...talk about pssn' your pants..lol

[findit]

Crazy trading at 15:48. PPS was hanging tough at 1.59 and then a hundred or so small trades went through in the range of 1.40 to 1.55. Many in the 1.40's. Back to 1.57 now.

Like the large buys by management the last week or so. All in the mid 1.60's. Patience required here, but should pay off. Jim

[william2112]

lol....shows the mentality of ihub......one the biggest plays in the technology sector(internet/software)....and everybody's caught up in junk...lol...given...it's still off the radar a little bit...but not to all:

http://knobias.10kwizard.com/files.php?alld=ON&sym=lnux&Submit=Go

bin' sitting on it for a couple of weeks.....just waiting :)

wake up people..lol...deaf ears

[expat7]

Looks like LNUX may have found a bottom here. Most trades passing on the ask for awhile @2.30 on decent volume.

[expat7]

LNUX starting to look ripe again. em

[4Godnwv]

LNUX annotated chart:

[expat7]

Stepping out here to see what effect analyst's downgrade has.

Can't see a downgrade coming from yesterday's ThinkEquity presentation with CEO/pres. Ali Janab, which maybe means LNUX can still run.

But the Tuesday's presentation given by CFO Patty Morris at Merriman Curhan Ford Investor Summit just wasn't delivered as well.

If that's the cause of Matrix's downgrade, it may have little effect at all, imo.

[expat7]

SourceForge Cut to `Sell' at Matrix :LNUX US

By Sybil Chahbandour

Princeton, New Jersey, Sept. 20 (Bloomberg Data) -- SourceForge Inc. (LNUX US) was downgraded to ``sell'' from ``hold'' by analyst Daniel Scalzi at Matrix USA.
Last Updated: September 20, 2007 11:33 EDT
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aoQ7CRt_YWfs

[expat7]

It seems the trade restiction on LNUX has been lifted at Etrade also.

I just tested it a few minutes ago through my account.

[expat7]

"and I" was supposed to read,"an eye". em

[expat7]

Just finished listening to LNUX'S presentation given buy CEO/pres. Ali Jenab @ ThinkEquity's G5 Growth Conference.

Noting that ThinkEquity is also one of LNUX's analysts...........
http://ir.corp.sourceforge.com/phoenix.zhtml?c=82629&p=irol-analysts
and that they had lowered their 'Price Targe' from $8 to $3.50 on August 29th........
http://www.forbes.com/markets/2007/08/29/sourceforge-earnings-thinkequity-cx_af_0829markets29.html
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=LNUX:US&sid=aQMpBI6v...

....I thinks it's possibly that ThinkEquity will revise the rating and price target upward perhaps within a short period
with the issue of LNUX's expected net income for Q4 laid out clearly and on track.

Today's audio of the presentation is available here at this link:
http://ir.corp.sourceforge.com/phoenix.zhtml?c=82629&p=irol-calendar

[expat7]

Thanks, Flat. I hope so.

I'm keeping and I on Etrade to see if they will do the same.

Still got the restriction in place at the moment though.

[Flatsixer]

AMTD just accepted my purchase online with fill. Perhaps the trade restriction has been lifted.

Flatsixer

[expat7]

The pps is where it's at now, because the company previously announced it expected its Q4 net income was less than what analysts had projected, as far as I can tell.

Then the company oversold below analysts' new price targets, which were set following the company's expected earnings announcement in late August.

As far as I can tell the OS has increased only from 63.59 mil
to 67.88 mil.

You can call the TA directly, if you want to confirm that and also get the current A/S.

If you do, post the info here, if you wouldn't mind.

gl

[klonnie24]

Why have the upgrades to LNUX not been through PR's yet all the downgrades and montley fool garbage have been labeled all over the place. The company is doing fine and has a ton of money yet is being held down for reasons not so certain by myself.

Has the O/S been increased?

This thing is and has been way over sold for awhile unless there up to no good. Has LNUX no ability to send out some sort of positive PR regarding themselves, what are they waiting for? 1's?

[expat7]

Okay, thanks. eom

[Flatsixer]

No, they won't disclose...em

[expat7]

Forgot to ask

Did they say why?

[expat7]

Thanks for the info, Flatsixer

[expat7]

Re: LNUX Not Being Allowed to Trade Online with Etrade

Note: must be read from bottom up for chronological order

Sat, 15 Sep 2007 13:56:39 -0700 (PDT)
From: "William Buckley"
Subject: Re: LNUX Not Being Allowed to Trade Online with Etrade
To: [e-mail]

Thank you, Ali.

Have a nice weekend!

Bill

[e-mail] wrote:

Thanks for letting me know. We will look into it.

Ali


-----Original Message-----
From: William Buckley

Date: Sat, 15 Sep 2007 11:52:17
To:[e-mail]
Subject: LNUX Not Being Allowed to Trade Online with Etrade


Dear Mr. Jenab,

I wanted to inform you that Etrade brokerage has not been allowing LNUX to trade online.

They refuse to clarify the reasoning for their action, although they allow much smaller, non-reporting (pinksheet) companies to trade freely through Etrades online platform.

Given their sheer size in Etrade's securities accounts throughout the U.S. and internationally, this is undoubtedly is inhibiting the trading and liquidity of LNUX and contributes to an undesirable image among an unknown number of potential investors.

The below link is to my correspondence with Etrade regarding this matter:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22896428

If there is anything you could do to correct this matter, it may be beneficial for LNUX.

Sincerely,
Bill Buckley
SourceForge (LNUX) Shareholder

[Flatsixer]

Just talked to AMTD and FYI...They also have the trade restriction against online purchase for LNUX. The date of the restriction was 31July07.

Flatsixer

[expat7]

Inquiry into ETrade Not Allowing Online Orders for LNUX....
and their nonsensical reply:

Note: Must be read from bottom up for chronological order.

From: E*TRADE Customer Service
Sent: September 14, 2007 X:XX PM ET
Subject: Trading & Investing
Topic: Execution Status/Trade Inquiry

Message:

-----------------------------------------------------------------------------------------------
Dear Mr. Buckley,

Thank you for your email about LNUX. We apologize, however, we cannot provide details as to why the security is unable to be traded online at this time. This is a descision that comes from E*Trade's own back office and is not necessarily a direct reflection on the company's stock you are trading and details are not provided to customer service representatives.

We are more than happy to accommodate your order over the phone at no extra charge and you can get straight through to a broker any time during the market session at 1-888-388-2900.

I hope this information has been helpful. Please let us know if we've addressed your questions and concerns satisfactorily by taking a 30-second survey at the following web address:

http://etradefinancialsurvey.com/xxx/xxxxxxxxxx
As always, thank you for choosing E*TRADE FINANCIAL for your investing, banking and lending needs. We encourage you to continue using the Help Center for any assistance in the future. You are also welcome to call us at 1-888-388-2900 between 7AM and 12AM EST, seven days a week. International customers please dial [phone].

Sincerely,

Christopher Anderson

Financial Services Representative
Power E*TRADE Customer Service
E*TRADE Financial
1-888-388-2900
-----------------------------------------------------------------------------------------------
Dear Sir/Madam:

1.) Please explain clearly why the trading desk is inhibiting the trading and liquidiy of LNUX by forcing Etrade cusotmers to place orders over the phone.

The answer in the last email is unequivocal nonsense given the fact that ETrade allows online trading for unreporting pink sheet companies.

Clarify.

2.) Also the below question still wasn't answered.
>From what date were trades for for LNUX online prohibited?<

Please answer it.

Best Regards,
Bill Buckley
------Previous Message------


From :E*Trade Customer Service
Sent :Sep 14, 2007 XX:XX AM ET

Subject :Trading & Investing

-----------------------------------------------------------------------------------------------
Dear Mr.Buckley,

Thank you for your message regarding your brokerage account XXXX-XXXX and your inquiry on LNUX orders. I do apologize for the inconvenience that this matter caused you. Our trading desk review all the stocks on the markets and for some securities such as LNUX , they prefer our customers gives us a call and place the roder through a broker over the phone. There is no time frame when you will be able to place the order from website or from one of our trading platforms. Please be advised that when you place orders for this security over the phone with the broker, there will be no additional charges. If you have further questions, please do not hesitate to send us another secure message or give us a call from 1-888-388-2900 or you can call me directly at the number listed below my signature.


I hope this information has been helpful. Please let us know if we've addressed your questions and concerns satisfactorily by taking a 30-second survey at the following web address:

http://etradefinancialsurvey.com/s04/stu.php?i=164&p=9744

As always, thank you for choosing E*TRADE FINANCIAL for your investing, banking and lending needs. We encourage you to continue using the Help Center for any assistance in the future. You are also welcome to call us at 1-888-388-2900 between 7AM and 12AM EST, seven days a week. International customers please dial [phone].

Sincerely,

Ahmet Urtan
Senior Financial Services Representative
Elite Services Team 1
E*TRADE FINANCIAL. We keep challenging the ordinary to help investors BE E*TRAORDINARY.
w 678-319-7400-2234353
w858-355-8888-2234353
M-F 9am-6pm EST

Case #: XXXXXX-XXX
-----------------------------------------------------------------------------------------------
Dear Sir/Madam:

Please explain

1.) Why LNUX is not allowed to be traded online with ETtrade?

>Orders for this security cannot be accepted online at this time.<

2.) From what date were trades for for LNUX online prohibited?

3.) When might LNUX be allowed to trade online again through ETrade accounts?

Best Regards,
Bill Buckley
-----------------------------------------------------------------------------------------------

[expat7]

Excerpts from Earnings Call Transcript

SourceForge F4Q07 (Qtr End 7/31/07) Earnings Call Transcript

Regarding Summer Seasonality Impact:

Neal Doshi – ThinkEquity

The first question I have, going back to the media side and expanding on what Denny asked, is this an industry-wide phenomenon that we are seeing in terms of slowdown in technology advertising? I know CNet announced that they had noticed a slowdown on PC advertising as well.

Ali Jenab (Chief Exec. Officer, Pres)

.... I can tell you the last two weeks we have seen a dramatic shift back to the higher activity level.

Joe Maxa - Dougherty & Co.

You indicated the activity level has picked up drastically in the last couple of weeks. How does your pipeline look for the rest of the quarter at this point? Suggesting that you have higher levels would suggest maybe your media should be a little higher than what you guided to.

Ali Jenab

All I can tell you is last quarter we had a huge book of done business when we walked in the quarter, and then we didn't close well going into the end of the quarter. This quarter is exactly opposite of that.

Douglas Whitman - Whitman Capital

You are very conservative guy. It sounds like things are going in the direction that you hope they would be.

Ali Jenab

Yes, right now it is going in the direction that we hoped...
http://seekingalpha.com/article/47005-sourceforge-f4q07-qtr-end-7-31-07-earnings-call-transcript

[expat7]

5th Analyst Upgraded LNUX Sept. 12th

SourceForge Inc
SourceForge Raised to `Hold' at Matrix :LNUX US

By Sybil Chahbandour

Princeton, New Jersey, Sept. 12 (Bloomberg Data) -- SourceForge Inc. (LNUX US) was raised to ``hold'' from ``sell'' by analyst Daniel Scalzi at Matrix USA.
Last Updated: September 12, 2007 09:05 EDT
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=LNUX:US&sid=aR89WfAN...
http://www.matrixusallc.com/about_team.php

I haven't come across Matrix's Target Price for LNUX yet.

[expat7]

4th Analyst Put LNUX @ $3.50 Target Price, Aug. 29th

ThinkEquity - LNUX - Target Price - $3.50
http://www.forbes.com/markets/2007/08/29/sourceforge-earnings-thinkequity-cx_af_0829markets29.html
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=LNUX:US&sid=aQMpBI6v...

It may be worth noting that LNUX will be present it's corporate overview at Think Equity's G5 Growth Conference next Wed., Sept. 19th.
http://ir.corp.sourceforge.com/phoenix.zhtml?c=82629&p=irol-calendar
http://biz.yahoo.com/iw/070912/0300259.html

[expat7]

LNUX Target Price of Analysts from $3 to $4+:

3 most recent analysts' coverage have LNUX 'Target Price' as follows:

NEW YORK, September 11 (newratings.com) - Analysts at Stanford Research initiate coverage of SourceForge Inc (ticker: LNUX) with a "buy" rating. The target price is set to $4.
http://www.newratings.com/analyst_news/article_1609420.html

NEW YORK, August 29 (newratings.com) - Analysts at Dougherty & Company reiterate their "buy" rating on SourceForge Inc (ticker: LNUX). The target price has been reduced from $5 to $4.
http://www.newratings.com/analyst_news/article_1601731.html

NEW YORK, August 29 (newratings.com) - Analysts at JMP Securities downgrade SourceForge Inc (ticker: LNUX) from "market perform" to "market underperform." The target price is set to $3.
http://www.newratings.com/analyst_news/article_1601862.html

Further LNUX Analyst Info:

http://www.nasdaq.com/earnings/analyst_summary.asp?&kind=&mode=stock&symbol=lnux&sym....
http://www.nasdaq.com/earnings/analyst_recommendations.asp?symbol=LNUX&selected=LNUX

[expat7]

Hey, Klonnie! Welcome to the board!

You're averaged in @2.25. Just a slight jump from these levels and you're profitable!

GL

[klonnie24]

They created a board for my ulcer....

Any idea when they come out with something positive to try and rebound off the stumble from 3.60?

I bought more today @2.08 not sure if that was good after the beat down I took from 3.20

500@3.20

1500@ 2.17

2000@ 2.08

Good luck with the board and wish me luck with the price, The company needs better news than presentations at various conferences to sky rocket back to 3.30. but I got time

[expat7]

Etrade has not recently been allowing orders for LNUX to be placed online (call in only).

[expat7]

SourceForge initiated with "Buy"

Tuesday, September 11, 2007 10:38:23 AM ET
Stanford Financial Group

NEW YORK, September 11 (newratings.com) - Analysts at Stanford Research initiate coverage of SourceForge Inc (ticker: LNUX) with a "buy" rating. The target price is set to $4.
http://www.newratings.com/analyst_news/article_1609420.html

[expat7]

Welcome to LNUX board!

LNUX looks set to move higher after drop from $3.50+ to current
low $2 range.

Analyst, Stanford Research, initiated coverage LNUX, Tuesday, Sept. 11, 2007, with a 'BUY' rating and 'target price' set @ $4.