Geeknet inc

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Geeknet Inc : Geeknet Appoints Julie Pangelinan As CFO

MOUNTAIN VIEW, Calif., Nov. 4 /PRNewswire-FirstCall/ -- SourceForge, Inc. (Nasdaq: LNUX) today announced that it has changed its name to Geeknet, Inc. to more accurately reflect the company's business and the growing market it serves. The name change also supports the company's intention to expand the reach of its online advertising services into new categories. (Logo: the company Geeknet is the latest step in our rapid transformation," said Scott L. Kauffman, President & CEO of Geeknet. "Our new name is a more accurate articulation of our business. With Geeknet as our calling card on Madison Avenue, we are now able to clearly define the audience we serve and more effectively capture the business opportunity that we are addressing." The Geeknet network, which includes SourceForge, Slashdot, ThinkGeek and Ohloh, among others, serves a global community of more than 40 million geeks each month. These tech-savvy professionals and enthusiasts are affluent, well-educated and command significant spending power. Kauffman continued, "The geek demographic is bigger than most people realize, and it is growing every day in both scope and influence. Its product appeal extends beyond servers and slide rules to include video games, soft drinks, automobiles, fast food, fashion, entertainment, consumer electronics and other goods. We call this phenomenon the 'geekification' of the world, and we believe that our network provides the best platform for advertisers to reach this highly coveted audience."To support the new brand, the company is immediately launching a series of programs to raise awareness of Geeknet. About GeeknetGeeknet is the online network for the global geek community. Our sites include SourceForge, Slashdot, ThinkGeek, Ohloh and freshmeat. We serve an audience of more than 40 million users* each month and provide the tech-obsessed with content, culture, connections, commerce, and all the things that geeks crave. Want to learn more? Check out geek.net. (*October 2009 Unique Visitors 42M. Source: Google Analytics and Omniture) Geeknet is a trademark of Geeknet, Inc. SourceForge, Slashdot, ThinkGeek, Ohloh and freshmeat are registered trademarks of Geeknet, Inc. in the United States and other countries. All other trademarks or product names are the property of their respective owners.NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, and involve risks and uncertainties. Forward-looking statements contained herein include statements regarding the potential benefits of our corporate rebranding for

GEEKNET - Geeknet, Inc. Trademark Registration - US Patent

Geeknet Terminates Agreement with Hot Topic Deal adds ThinkGeek, the leading brand in the fast growing collectibles category, to GameStop’s family of brands Accretive to earnings with a targeted IRR that exceeds 20% Provides significant expansion to GameStop’s global multichannel business GRAPEVINE, Texas & FAIRFAX, Va.--(BUSINESS WIRE)--Jun. 2, 2015-- GameStop Corp. (NYSE: GME), a family of specialty retail brands that makes the most popular technologies affordable and simple, and Geeknet, Inc. (Nasdaq: GKNT) (“Geeknet”), the parent company of ThinkGeek and ThinkGeek Solutions, today announced they have entered into a definitive agreement under which GameStop will acquire all of the outstanding shares of Geeknet’s common stock for $20.00 per share in cash. The transaction has been approved by the board of directors of both companies and will be completed by means of a tender offer. The transaction has a total equity value of approximately $140 million, including $37 million of cash and cash equivalents as of March 31, 2015. Geeknet also announced that it had terminated its previously announced merger agreement with Hot Topic, Inc. (“Hot Topic”). Following discussion with both GameStop and Hot Topic, the Board of Directors of Geeknet determined that the GameStop transaction represented a superior proposal. Geeknet will pay Hot Topic a termination fee pursuant to the Hot Topic agreement, for which GameStop has agreed to reimburse Geeknet. Paul Raines, chief executive officer of GameStop, stated, “This acquisition creates value to all stakeholders involved. The addition of Geeknet is an important expansion of our global multichannel platform

Geeknet Inc Fka Sourceforge Inc

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Corporate website. Follow GameStop on Twitter @ www.twitter.com/GameStop and find GameStop on Facebook @ www.facebook.com/GameStop. About Geeknet Geeknet, Inc. (NASDAQ: GKNT) is the parent company of ThinkGeek and ThinkGeek Solutions. ThinkGeek is the premier retailer for the global geek community. Since 1999, ThinkGeek has been creating a world where everyone can express their inner geek, embrace their passions, and connect with each other. ThinkGeek Solutions, which distributes video game-themed merchandise through licensed web-stores for the gaming community, joined our Geeknet family in August 2014. Our obsession is creating and sharing unique and authentic product experiences that stimulate our fans' imaginations and fuel their geek core. We believe that there is a geek in everyone and that it should be celebrated. Want to learn more? Check out thinkgeek.com or geek.net. Additional Information The tender offer for the outstanding common stock of Geeknet has not yet commenced. This communication is not an offer to purchase or a solicitation of an offer to sell shares of Geeknet's common stock. The solicitation and the offer to purchase shares of Geeknet's common stock will only be made pursuant to an offer to purchase and related materials that GameStop intends to file with the Securities and Exchange Commission (the "SEC"). At the time the tender offer is commenced, GameStop will file a Tender Offer Statement on Schedule TO with the SEC, and Geeknet will file a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer. GEEKNET STOCKHOLDERS ARE ADVISED TO READ THE SCHEDULE TO

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Herein include assumptions about Geeknet’s and GameStop’s operations, and certain plans, activities or events which we expect will or may occur in the future. Risks and uncertainties related to the proposed transactions include, among others: (1) the ability to obtain requisite regulatory approvals required to complete proposed transactions, (2) the satisfaction of the conditions to the consummation of the proposed transactions, (3) the timing of the completion of the proposed transactions and (4) the potential impact of the announcement or consummation of the proposed transactions on Geeknet’s and GameStop’s relationships, including with employees, suppliers and customers. With respect to Geeknet, please also refer to those factors discussed in detail in the “Risk Factors” sections contained in Geeknet’s Annual Report on Form 10-K for the year ended December 31, 2014 filed with the SEC on February 23, 2015 and in Geeknet’s subsequently filed Form 10-Q. With respect to GameStop, please also refer to those factors discussed in detail in the “Risk Factors” section contained in GameStop’s Annual Report on Form 10-K for the year ended Jan. 31, 2015 filed with the SEC on March 30, 2015. Given these uncertainties, undue reliance should not be placed on these forward-looking statements. Neither Geeknet nor GameStop undertakes any obligation to release any revisions to these forward-looking statements publicly to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. GKNT-F View source version on businesswire.com: GameStop Corp. and Geeknet, Inc. For GameStop:Matt HodgesVice President, Public and Investor RelationsGameStop

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Is conditioned on Geeknet’s stockholders tendering at least a majority of Geeknet’s outstanding shares in the tender offer, clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The acquisition is expected to close by the end of GameStop’s second quarter 2015. Geeknet stockholders representing approximately 21% of outstanding shares have committed to participate in the tender offer. SunTrust Robinson Humphrey, Inc. served as financial advisor and Pepper Hamilton LLP served as legal advisor to GameStop. Guggenheim Securities served as Geeknet’s exclusive financial advisor and Wachtell, Lipton, Rosen & Katz served as its legal advisor. About GameStop GameStop Corp. (NYSE: GME), a Fortune 500 and S&P 500 company headquartered in Grapevine, Texas, is a global, multichannel video game, consumer electronics and wireless services retailer. GameStop operates more than 6,600 stores across 14 countries. The company’s consumer product network also includes www.gamestop.com; www.Kongregate.com, a leading browser-based game site; and Game Informer® magazine, the world’s leading print and digital video game publication. In addition, our Technology Brands segment includes our Simply Mac and Spring Mobile businesses. Simply Mac, www.simplymac.com, operates 71 stores, selling the full line of Apple products, including laptops, tablets, and smartphones and offering Apple certified warranty and repair services. Spring Mobile, sells post-paid AT&T services and wireless products through its 410 AT&T branded stores and offers pre-paid wireless services, devices and related accessories through its 68 Cricket branded stores in select markets throughout the United States. General information about GameStop Corp. can be obtained at the company's

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And we are excited to leverage their product development expertise to broaden our product offering in the fast-growing collectibles category and deepen relationships with our existing customer base.” “Our Board and management team believe this transaction is in the best interest of Geeknet and its stockholders,” said Kathryn McCarthy, chief executive officer of Geeknet. “As a part of GameStop’s family of brands, Geeknet will be well-positioned to achieve our goals of increasing our brand awareness and expanding our product offerings.” The transaction provides a natural extension of GameStop’s existing product offering and is expected to add an immediate incremental $100+ million in annual net sales. The acquisition of Geeknet will enhance shareholder value through the following strategic benefits: Expands GameStop’s diversified revenue stream by adding ThinkGeek, the No. 1 brand in the fast growing collectibles category Once completed, the acquisition is expected to increase operating earnings, and has a targeted IRR that exceeds 20% Extends the company’s global, multichannel retail expertise – online, pickup-at-store, web-in-store and standalone retail Utilizes Geeknet’s proprietary product innovation capabilities and established portfolio of premier, hard-to-secure licenses Leverages GameStop’s operational expertise and infrastructure to address Geeknet’s profitability Drive deeper engagement with GameStop’s core customers, in particular the 40 million global PowerUp Rewards members, by offering them exclusive, unique and cutting edge merchandise related to their favorite entertainment Under the terms of the definitive agreement, GameStop will commence a tender offer for all outstanding common shares of Geeknet, at $20.00 per share in cash. The tender offer. geeknet inc. device › geeknet inc. gskb06. Keyboard that is wireless - Certifications Resources; Device Name : Documents - geeknet –

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To the success of the industries in this region. Although, this rift between high and low salaries is driving many residents out who can no longer afford to live there. In the Bay Area, the number of residents planning to leave within the next several years has had an increase of 35% since 2016, from 34% to 46%.[92][93]WealthThe wealth inequality in Silicon Valley is more pronounced than in any other region of the United States. A 2023 report found that the aggregate household wealth of Silicon Valley (including ultra-high net worth individuals) was nearly $1.1 trillion, and less than 1% of the Valley's population held 36% of the wealth.[94] Conversely, as of 2021, 23% of Silicon Valley residents were living below the poverty line.[94] However, the meaning of the term "poverty" is dependent upon context; in Silicon Valley, it means something different because of the region's severe housing shortage and high housing prices. As of 2023, the low-income poverty threshold set by the California Department of Housing and Community Development for single-person households in the counties of San Francisco, San Mateo, and Marin was $104,400, followed by $96,000 for the county of Santa Clara.[95][96] In contrast, the 2023 national low-income poverty threshold set by the U.S. Census Bureau for a single-person household was $14,891.[97]Notable companiesAdobe World Headquarters in Downtown San JoseeBay in San JosePayPal in San JoseCisco in the Golden TriangleSeagate Technology in FremontWestern Digital in San JoseThousands of high technology companies are headquartered in Silicon Valley. Among those, the following are in the Fortune 1000:Adobe Inc.AMDAgilent TechnologiesAlphabet Inc., includes GoogleApple Inc.Applied MaterialsBlock, Inc.Broadcom Inc.Cadence Design SystemsCisco SystemseBayElectronic ArtsHP Inc.IntelIntuitIntuitive SurgicalJuniper NetworksKLA CorporationLam ResearchMeta Platforms, includes FacebookNetAppNetflix, Inc.NvidiaPayPalSalesforceSanmina CorporationSeagate TechnologyServiceNowTD SynnexSynopsysWestern DigitalAdditional notable companies headquartered in Silicon Valley (some of which are defunct, subsumed, or relocated) include:23andMe3Com (acquired by Hewlett-Packard)8x8Actel (acquired by Microsemi)Actuate CorporationAdaptec (acquired by PMC-Sierra)Aeria Games and EntertainmentAltera (acquired by Intel)Amazon's A9.comAmazon's Lab126.comAmdahl (acquired by Fujitsu)AtariAtmel (acquired by Microchip Technology)Brocade Communications Systems (acquired by Broadcom)Be Inc. (acquired by Palm Inc.)BEA Systems (acquired by Oracle Corporation)Cypress Semiconductor (acquired by Infineon Technologies)Extreme NetworksFairchild Semiconductor (acquired by onsemi)Flex (formally Flextronics)Foundry Networks (acquired by Brocade Communications Systems)Geeknet (Slashdot)GlobalFoundries (moved to Malta, New York)GoProHarmonic, Inc.Hitachi Data SystemsHitachi Global Storage Technologies (acquired by Western Digital)Hewlett Packard Enterprise (moved to Spring, Texas)IDEOInformaticaLinkedIn (acquired by Microsoft)Lockheed Martin Space (now headquartered in Denver, Colorado)LSI (acquired by Broadcom)Maxtor (acquired by Seagate)McAfee (acquired by Intel)Memorex (acquired by Burroughs)Mozilla FoundationMove, Inc.National Semiconductor (acquired by Texas Instruments)Nook (subsidiary of Barnes & Noble)Oracle Corporation (moved to Austin, Texas)Palo Alto NetworksPalm, Inc. (acquired by TCL Corporation)PARCProofpointQuantcastQuoraRambusRoku, Inc.RSA Security (acquired by EMC)SanDisk (acquired by Western Digital)SolarCity (acquired by Tesla, Inc.)Sony Mobile Communications (U.S. subsidiary headquarters)Sony Interactive EntertainmentSRI InternationalSun Microsystems (acquired by Oracle Corporation)SunPowerSurveyMonkeySymantec (now. geeknet inc. device › geeknet inc. gskb06. Keyboard that is wireless - Certifications Resources; Device Name : Documents - geeknet –

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Us and advertisers interested in our target market, growth strategies and prospects for our online media and e-commerce businesses, and our initiatives to raise awareness of our corporate rebranding. Actual results may differ materially from those expressed or implied in such forward-looking statements due to various factors, including: our ability to attract and retain qualified personnel; success in designing and offering innovative online advertising programs; decreases or delays in online advertising spending, especially in light of current macroeconomic challenges and uncertainty; our effectiveness at planning and managing our e-commerce inventory; our ability to achieve and sustain higher levels of revenue; our ability to protect and defend our intellectual property rights; rapid technological and market change; unforeseen expenses that we may incur in future quarters; and competition with, and pricing pressures from larger and/or more established competitors. Investors should consult our filings with the Securities and Exchange Commission, sec.gov, including the risk factors section of our Annual Report on Form 10-K for the year ended July 31, 2008, and our Quarterly Report on Form 10-Q for the quarter ended June 30, 2009, for further information regarding these and other risks of our business. All forward-looking statements included in this press release are based upon information available to us as of the date hereof, and we do not assume any obligations to update such statements or the reasons why actual results could differ materially from those projected in such statements.SOURCE Geeknet