340:. The company raised $ 132 million, offering shares at $ 30/share, but the shares opened for trading at $ 299/share, before closing at $ 239.25/share, or 698% above the IPO price, breaking a record for the largest first day gain. Larry Augustin, the 38-year old founder and chief executive officer of the company, became a billionaire on paper and a 26-year old web developer at the company said she was worth $ 10 million on paper. By August 2000, the shares were trading at $ 40 each and only 24
2579:
250:
38:
314:
549:
had made an offer to acquire
Geeknet for $ 17.50 per-share, valuing the company at $ 122 million. However, on May 29, 2015, it was revealed that an unspecified company had made a counter-offer of $ 20 per-share; Hot Topic was given until June 1, 2015, to exceed this new offer. On June 2, 2015, it was
234:
workstations that were available at the time. During its initial years of operation, the business was profitable and grew quickly, with over $ 100 million in sales and a 10% profit margin in 1998. It was the vendor of pre-installed Linux computers, with approximately 20% of the Linux hardware market.
424:
On June 26, 2001, VA Linux decided that it would leave the systems-hardware business and focus on software development. During the summer of 2001, all 153 of the hardware-focused employees were dismissed as a result of this shift in the company's business model.
520:
On August 10, 2010, Jason Baird, the chief operations officer, and
Michael Rudolph, the chief marketing officer resigned, both effective 31 August 2010. Jay Seirmarco, the chief technology officer also resigned, effective September 30, 2010.
1425:
356:
On
February 3, 2000, the company announced that it was acquiring Andover.net for $ 800 million, a month after it became a public company. This acquisition gave VA Linux popular online media properties such as
2688:
2673:
2663:
2648:
2713:
2658:
2643:
1285:
524:
Effective
January 31, 2011, Geeknet appointed Matthew C. Blank, former chief executive officer and chairman of Showtime Networks as a member of its board of directors.
1542:
811:
2708:
2653:
2638:
815:
2693:
389:". The acquisition eventually allowed the company to shift its business model from Linux-based product sales to specialty media and software development support.
2703:
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2613:
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1004:
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409:
The company's sales grew to $ 17.7 million in 1999, up from $ 5.5 million in fiscal 1998. In fiscal 2000, the company's sales were $ 120.3 million.
1561:
1324:
432:, recognizing that the majority of the business was now software development and specialty news and information services. However, the company's
2633:
2628:
1648:
1443:
1387:
2549:
741:
1366:
1501:
1626:
898:
348:, shares traded at $ 8.49/share. In January 2001, the stock traded at $ 7.13/share. By December 2002, it was worth just $ 1.19/share.
448:
417:
By 2001, VA Linux's original equipment and systems business model encountered stiff competition from other hardware vendors, such as
787:
625:
602:
474:, a group of websites catering to people in the information technology and software development industries, which was renamed to
1670:
509:
Geeknet president and chief executive officer Scott
Kauffman resigned on August 4, 2010, and was replaced by executive chairman
1410:
1126:
456:
1747:
2420:
1807:
649:
460:
1480:
1847:
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373:, and a variety of online software development resources. With this acquisition came a stable of writers such as
208:
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1371:
482:
165:
118:
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1812:
1740:
1676:
1632:
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963:
947:
882:
607:
337:
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1025:
401:, the company created a Japanese subsidiary, VA Linux Systems Japan KK, to promote Linux systems in Japan.
2343:
1168:
2517:
2466:
1229:
278:
1691:
1209:
1189:
1426:"Geeknet Announces Second Quarter Financial Results and Departure of President and CEO Scott Kauffman"
1405:
1087:
1066:
2415:
2213:
576:
464:
398:
919:
2510:
2503:
2370:
2313:
2118:
1983:
1932:
1304:
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322:
200:
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554:
would acquire
Geeknet for $ 140 million, paying $ 20 per share. The deal closed on July 17, 2015.
2563:
2338:
2113:
903:
805:
654:
603:"VA Linux — Easy Come, Easy Go / Stock's dramatic rise and fall leave determined workers unfazed"
277:
division, hiring former linux.com domain holder and programmer Fred van Kempen, and programmers
1481:"Slashdot, SourceForge, and Freecode purchased by career website company Dice for $ 20 million"
2678:
2390:
2258:
2003:
1988:
1973:
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1912:
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783:
749:
699:
220:
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2018:
1993:
1978:
1937:
1917:
1902:
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1111:
332:
The company changed its name to VA Linux
Systems. On December 9, 1999, the company became a
302:
269:. That year, VA Research also won a business-plan competition for the right to operate the
227:
2524:
2350:
2143:
2078:
2043:
2013:
1998:
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510:
243:
1107:
491:
On May 24, 2007, VA Software changed its name to SourceForge Inc. and merged with OSTG.
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1867:
1837:
1832:
1817:
1802:
1763:
1610:
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495:
470:
By April 2004, the company focused on SourceForge, an online software application, and
345:
333:
285:
as a project at VA Linux) and San "nettwerk" Mehat. In the summer of 1999, programmers
204:
143:
106:
782:. Zweig, Jason. (Revised ed.). New York: HarperBusiness Essentials. p. 152.
720:
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2023:
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1250:"Latest Product from VA Software Provides Better Governance for Offshore Outsourcing"
1147:
1009:
968:
850:
629:
535:
514:
439:
On
January 2, 2002, the company's stock price plunged 42% after an earnings warning.
286:
281:, Geoff "Mandrake" Harrison, Jeremy Allison, Richard Morrell (who would later create
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876:
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2218:
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1502:"Dice Holdings Pays $ 20M Cash For Slashdot, SourceForge And Freecode From Geeknet"
1173:
1092:
74:
1286:"Jupitermedia's JupiterImages Division Announces Acquisition of Animation Factory"
447:
1543:"Hot Topic to Acquire Geeknet, Inc., Parent Company of Online Retailer ThinkGeek"
488:
On April 24, 2007, the company sold SourceForge
Enterprise Edition to CollabNet.
2556:
2410:
2360:
2088:
2063:
1963:
1882:
1872:
1787:
1546:
983:
341:
290:
37:
344:
held the stock. On
December 8, 2000, one year later, after the bursting of the
305:
and other investors, added an additional $ 25 million investment in June 1999.
2425:
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270:
289:, Uriah Welcome, Tim Perdue and Drew Streib began designing and developing
249:
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2148:
1968:
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1214:
777:
742:"A Tiny Company Without Profits Goes Public With a Bang (Published 1999)"
551:
528:
382:
358:
161:
148:
17:
1562:"Hot Topic enters agreement to buy ThinkGeek parent company Geeknet Inc"
238:
In October 1998, the company received investments of $ 5.4 million from
2288:
2248:
2178:
2133:
2033:
2008:
378:
506:
In November 2009, SourceForge, Inc. changed its name to Geeknet, Inc.
2445:
2430:
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2283:
2273:
2073:
1271:
1152:
1051:
680:
545:
On May 26, 2015, it was announced that pop culture-oriented retailer
294:
216:
78:
1005:"VA Linux teams with its first Japanese subsidiary and partnerships"
534:
In September 2012, Slashdot, SourceForge, and Freecode were sold to
498:
was appointed president and chief executive officer of SourceForge.
2405:
2395:
2228:
2128:
2108:
2098:
2068:
2053:
2028:
1649:"GameStop outbids Hot Topic for ThinkGeek parent company purchase"
1309:
942:"VA Linux Systems Agrees to Buy Andover.net in $ 900 Million Deal"
580:
446:
433:
298:
248:
239:
224:
1732:
301:
processor architecture in earnest. Intel and Sequoia, along with
2380:
2198:
2093:
1958:
1345:"VA Linux Changes Name To SourceForge; FY Q3 Revs Come Up Short"
1234:
1194:
1030:
924:
725:
704:
471:
418:
231:
1736:
313:
1627:"Geeknet Calls New Takeover Offer Superior to Hot Topic's Bid"
1071:
988:
855:
428:
On December 6, 2001, the company formally changed its name to
421:, that now offered Linux as a pre-installed operating system.
134:
1727:
1720:
1523:"Dice swallows Slashdot, SourceForge, Freecode in $ 20m deal"
1444:"Geeknet Appoints Matthew C. Blank To Its Board Of Directors"
478:(OSTG). At that time, the stock was trading at $ 1.94/share.
436:
subsidiary still uses the name "VA Linux Systems Japan K.K."
1388:"Scott Kauffman is the new president and CEO at SourceForge"
1268:"VA SOFTWARE CORPORATION PROSPECTUS VA SOFTWARE CORPORATION"
527:
Later in 2011, the company renamed its Freshmeat website to
779:
The intelligent investor : a book of practical counsel
1606:"Geeknet Gives Hot Topic Three Days to Match Higher Offer"
317:
LNUX stock price (9 December 1999 through 9 December 2000)
1325:"CollabNet® Releases SourceForge® Enterprise Edition 4.4"
577:"VA Research To Port Linux To Intel's IA-64 Architecture"
1692:"Geeknet Ends Deal With Hot Topic, Takes GameStop Offer"
1671:"GameStop Agrees to Acquire Geeknet, Trumping Hot Topic"
297:
on November 17, 1999. VA began porting Linux to the new
481:
In January 2006, VA Software sold Animation Factory to
1367:"VA Software drops software, becomes Sourceforge Inc"
899:"Investing; Why Few Funds Are Lining Up To Buy Linux"
455:
In December 2003, VA Software marketed a proprietary
369:
in 2007, mirrors geeknet.com since 2010), linux.com,
207:
and James Vera. Augustin was a Stanford colleague of
2534:
2495:
2454:
1951:
1770:
1108:"VA Linux Outlines New Strategic Focus on Software"
643:
641:
639:
142:
125:
113:
102:
84:
70:
60:
44:
1669:
1625:
1582:
1343:
940:
875:
2689:Online publishing companies of the United States
2674:Defunct software companies of the United States
2664:Defunct computer companies of the United States
1169:"VA Linux quits hardware ahead of PC bloodbath"
257:In March and April 1999, VA Research purchased
160:is an American company that is a subsidiary of
1748:
1190:"VVA Linux leaves hardware, lays off workers"
8:
1230:"VA Linux stock tumbles on earnings warning"
1026:"VA Linux trying to make inroads into Japan"
810:: CS1 maint: multiple names: authors list (
293:. SourceForge was released to the public at
30:
2649:Companies based in Fairfax County, Virginia
693:
691:
626:"GameStop Completes Acquisition of Geeknet"
1755:
1741:
1733:
814:) CS1 maint: numeric names: authors list (
620:
618:
596:
594:
592:
590:
29:
2714:Software companies disestablished in 2015
2659:Computer companies disestablished in 2015
2644:American companies disestablished in 2015
2482:Trial of Kenneth Lay and Jeffrey Skilling
1088:"VA drops Linux name, boots out Kuro5hin"
920:"10 years gone: The VA Linux Systems IPO"
312:
219:. VA Research started to build and sell
1584:"Hot Topic to Buy Retailer Geeknet Inc"
1521:McAllister, Neil (September 19, 2012).
669:
667:
665:
571:
569:
567:
563:
550:announced that video game retail chain
397:In September 2000, in partnership with
2709:Software companies established in 1993
2654:Computer companies established in 1993
2639:American companies established in 1993
1479:D'Orazio, Dante (September 18, 2012).
1365:Montalbano, Elizabeth (May 24, 2007).
1188:Shankland, Stephen (January 2, 2002).
1024:Shankland, Stephen (January 3, 2002).
803:
719:Shankland, Stephen (January 2, 2002).
230:, as an alternative to more expensive
2694:Online retailers of the United States
1500:Lunden, Ingrid (September 18, 2012).
1086:Orlowski, Andrew (October 31, 2001).
1003:Weiss, Todd R. (September 26, 2000).
962:Gray, Douglas F. (February 4, 2000).
877:"VA Linux Registers A 698% Price Pop"
776:Graham, Benjamin, 1894-1976. (2003).
698:Shankland, Stephen (August 9, 1999).
7:
2704:Software companies based in Virginia
2699:Retail companies established in 1993
2614:2015 disestablishments in California
2550:Enron: The Smartest Guys in the Room
771:
769:
168:. The company was formerly known as
2669:Defunct computer hardware companies
1047:"VA Linux Builds Software To Order"
2624:2015 disestablishments in Virginia
1386:Brohan, Mark (December 29, 2008).
1303:Taft, Darryl K. (April 24, 2007).
1167:Orlowski, Andrew (June 29, 2001).
1148:"VA Linux Gives Up The Hard Stuff"
1146:Schiffman, Betsy (June 28, 2001).
1127:"VA Linux Drops Hardware Division"
740:Fisher, Lawrence M. (1999-12-10).
700:"VA Linux programs for the future"
676:"Dell plus Sun equals VA Research"
273:domain. In May 1999, VA created a
25:
2609:1993 establishments in California
1581:Dulaney, Chelsey (May 26, 2015).
1125:Singer, Michael (June 27, 2001).
1045:DiCarlo, Lisa (August 14, 2000).
829:Gimen, Mark (December 10, 1999).
601:Walsh, Diana (January 18, 2001).
542:as the sole property of Geeknet.
321:The company's customers included
2578:
2577:
1647:HUTCHINSON, LEE (June 2, 2015).
1560:HUTCHINSON, LEE (May 26, 2015).
1305:"CollabNet Acquires SourceForge"
897:HAKIM, DANNY (August 20, 2000).
648:Mardesich, Jodi (July 5, 1999).
365:, NewsForge (became a mirror of
199:was founded in November 1993 by
36:
2619:1993 establishments in Virginia
2074:Digital Convergence Corporation
1624:Beilfuss, Lisa (May 29, 2015).
1411:American City Business Journals
939:Gomes, Lee (February 4, 2000).
1604:Rupp, Lindsey (May 29, 2015).
457:SourceForge Enterprise Edition
109:& James Vera (VA Research)
1:
2634:2015 mergers and acquisitions
2629:1999 initial public offerings
1668:Stynes, Tess (June 2, 2015).
1406:"SourceForge becomes Geeknet"
831:"Dissecting the VA Linux IPO"
918:Walker (December 10, 2009).
513:and the company changed its
476:Open Source Technology Group
2421:WebChat Broadcasting System
1728:VA Linux Systems Japan K.K.
1067:"VA Linux beats the Street"
964:"VA Linux Buys Andover.Net"
870:Ewing, Terzah; Gomes, Lee;
851:"VA Linux rockets on debut"
265:, and VA's top competitor,
223:systems installed with the
90:; 30 years ago
2730:
1210:"VA Linux Now VA Software"
721:"VA Linux files IPO plans"
538:for $ 20 million, leaving
352:Acquisition of Andover.net
2573:
2264:NorthPoint Communications
984:"VA Linux buying Andover"
674:Malik, Om (May 3, 1999).
381:), Jack Bryar, Rod Amis,
35:
2184:Interactive Intelligence
1372:International Data Group
483:Jupitermedia Corporation
361:, Andover News Network,
267:Linux Hardware Solutions
166:Fairfax County, Virginia
119:Fairfax County, Virginia
1696:NBC 5 Dallas-Fort Worth
1677:The Wall Street Journal
1633:The Wall Street Journal
1590:The Wall Street Journal
948:The Wall Street Journal
883:The Wall Street Journal
608:San Francisco Chronicle
338:initial public offering
309:Initial public offering
259:Enlightenment Solutions
56:SourceForge (2007–2009)
54:VA Software (2001–2007)
48:VA Research (1993–1999)
467:software development.
452:
318:
263:Electric Lichen L.L.C.
254:
2518:The Industry Standard
2467:Irrational exuberance
1342:Eric (May 24, 2007).
874:(December 10, 1999).
451:SourceForge Inc. logo
450:
316:
252:
2416:Vignette Corporation
2214:The Learning Company
1392:Digital Commerce 360
1292:. December 27, 2005.
494:On January 5, 2009,
465:offshore outsourcing
443:SourceForge and OSDN
399:Sumitomo Corporation
393:Japanese partnership
261:, marketing company
2511:Conspiracy of Fools
2504:Blood on the Street
2371:Tradex Technologies
1984:Akamai Technologies
1933:Kaleil Isaza Tuzman
1462:"What's in a name?"
1450:. February 1, 2011.
1414:. November 4, 2009.
1256:. December 8, 2003.
1218:. December 7, 2001.
992:. February 3, 2000.
859:. December 9, 1999.
323:Akamai Technologies
201:Stanford University
32:
2564:Valley of the Boom
2472:Sarbanes–Oxley Act
2339:Scout Electromedia
2114:Epidemic Marketing
1238:. January 2, 2002.
1075:. August 23, 2000.
904:The New York Times
872:Gasparino, Charles
746:The New York Times
650:"VA Linux Systems"
453:
319:
255:
215:, the founders of
88:November 1993
2591:
2590:
2391:USinternetworking
2259:Network Solutions
2004:Blue Coat Systems
1989:Alteon WebSystems
1974:Actua Corporation
1928:Scott D. Sullivan
1913:Michael J. Saylor
1828:Charlie Gasparino
1545:(Press release).
1446:(Press release).
1432:. August 4, 2010.
1428:(Press release).
1327:(Press release).
1288:(Press release).
1252:(Press release).
1110:(Press release).
628:(Press release).
579:(Press release).
279:Jon "maddog" Hall
221:personal computer
203:graduate student
182:SourceForge, Inc.
155:
154:
138:
131:Kathryn McCarthy
16:(Redirected from
2721:
2581:
2580:
2487:WorldCom scandal
2401:VA Linux Systems
2319:Redback Networks
2189:Internet America
2104:Egghead Software
2059:Cyberian Outpost
2019:Broadband Sports
1979:Airspan Networks
1938:Julie Wainwright
1918:Jeffrey Skilling
1903:Stephan Paternot
1757:
1750:
1743:
1734:
1724:
1723:
1721:Official website
1706:
1705:
1703:
1702:
1688:
1682:
1681:
1673:
1665:
1659:
1658:
1644:
1638:
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1402:
1396:
1395:
1383:
1377:
1376:
1362:
1356:
1355:
1347:
1339:
1333:
1332:
1331:. July 31, 2007.
1321:
1315:
1314:
1300:
1294:
1293:
1282:
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1264:
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1257:
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1116:
1115:
1114:. June 26, 2001.
1112:Business Insider
1104:
1098:
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731:
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695:
686:
685:
671:
660:
659:
645:
634:
633:
632:. July 17, 2015.
622:
613:
612:
598:
585:
584:
583:. March 2, 1999.
573:
459:, re-written in
377:, Robin Miller (
303:Silicon Graphics
253:VA Linux servers
228:operating system
174:VA Linux Systems
132:
98:
96:
91:
50:VA Linux Systems
40:
33:
27:American company
21:
2729:
2728:
2724:
2723:
2722:
2720:
2719:
2718:
2684:Linux companies
2594:
2593:
2592:
2587:
2569:
2535:Broadcast media
2530:
2525:The PayPal Wars
2491:
2450:
2144:Global Crossing
2079:Digital Insight
2044:Cobalt Networks
2014:Books-A-Million
1999:Arthur Andersen
1947:
1783:Marc Andreessen
1778:Daniel Aegerter
1766:
1761:
1719:
1718:
1715:
1710:
1709:
1700:
1698:
1690:
1689:
1685:
1667:
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1662:
1646:
1645:
1641:
1623:
1622:
1618:
1603:
1602:
1598:
1580:
1579:
1575:
1559:
1558:
1554:
1549:. May 26, 2015.
1541:
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2324:Register.com
2219:Liquid Audio
2049:Commerce One
1888:PayPal Mafia
1863:Gerry Kearby
1858:Howard Jonas
1853:Jeff Hawkins
1843:Jack Grubman
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75:Online media
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2089:DoubleClick
2064:CyberRebate
1964:360networks
1883:Mary Meeker
1873:Kenneth Lay
1848:Josh Harris
1788:Bob Bernard
1547:PR Newswire
430:VA Software
413:VA Software
291:SourceForge
197:VA Research
192:VA Research
178:VA Software
170:VA Research
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2598:Categories
2304:Pseudo.com
2269:Palm, Inc.
2234:MarchFirst
2164:HomeGrocer
2154:Handspring
1943:Jerry Yang
1898:Jason Olim
1823:David Filo
1793:Jeff Bezos
1701:2020-03-06
1507:TechCrunch
1132:QuinStreet
759:2020-11-11
558:References
387:CowboyNeal
283:Smoothwall
275:Linux Labs
213:David Filo
209:Jerry Yang
127:Key people
65:Subsidiary
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2314:Razorfish
2309:Radvision
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2204:Kozmo.com
2174:InfoSpace
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2139:GeoCities
2124:Flooz.com
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1952:Companies
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1486:The Verge
806:cite book
754:0362-4331
547:Hot Topic
540:ThinkGeek
517:to GKNT.
375:Rob Malda
371:ThinkGeek
367:linux.com
363:Freshmeat
271:linux.com
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2169:Infoseek
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1466:Freecode
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798:51942330
552:GameStop
529:Freecode
434:Japanese
383:Jon Katz
359:Slashdot
162:GameStop
149:GameStop
71:Industry
45:Formerly
2604:Geeknet
2455:History
2299:Prodigy
2289:Pixelon
2249:NetBank
2179:Inktomi
2134:Gadzoox
2034:Chemdex
2009:Boo.com
655:Fortune
502:Geeknet
385:, and "
379:Roblimo
336:via an
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295:Comdex
217:Yahoo!
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2129:Freei
2109:Enron
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836:Salon
581:Intel
327:eToys
299:IA-64
240:Intel
225:Linux
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2344:modo
2199:iWon
2094:eBay
1959:3Com
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1195:CNET
1031:CNET
925:CNET
816:link
812:link
794:OCLC
784:ISBN
750:ISSN
726:CNET
705:CNET
472:OSDN
463:for
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211:and
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