SOURCEFORGE, INC. (LNUX)

[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...
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