Geeknet Reports Fourth Quarter and Year End 2009 Financial Results

Geeknet, Inc. (Nasdaq: LNUX), the online network for the global geek community, today announced financial results for its fourth quarter and year ended December 31, 2009.

Total revenue for the fourth quarter of 2009 was $32.6 million compared to $24.8 million of revenue for the fourth quarter of 2008. Net income for the fourth quarter of 2009 was $1.5 million or $0.03 per share compared to a net income of $2.6 million or $0.04 per share, for the same period a year ago.

Adjusted EBITDA for the fourth quarter of 2009 was $2.8 million, compared to adjusted EBITDA of $2.6 million for the same period a year ago. A reconciliation of our net income as reported to adjusted EBITDA is included in this release.

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RealNetworks' Founder Rob Glaser Steps Down as CEO

Company appoints Robert Kimball President and Acting CEO

Digital entertainment services company RealNetworks, Inc., (Nasdaq: RNWK) announced today that founder Rob Glaser has stepped down as CEO.   He will remain chairman of the board of directors of RealNetworks.  The company also announced that its board of directors has appointed Robert Kimball president and acting chief executive officer.  The board also appointed Mr. Kimball to the board of directors.    

"After nearly 16 years, I've decided it's time for me to step away from day-to-day operations," said Glaser.   "I'm grateful to all of our stakeholders – customers, partners, shareholders, and most of all, employees – for the support and commitment they've given to RealNetworks.   I remain committed to the company and look forward to continuing to serve in my capacity as board chairman."

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InfoSpace Provides Revised Earnings Guidance for the Fourth Quarter 2009

InfoSpace, Inc. (NASDAQ: INSP), a leading developer of metasearch products, announced today that it has increased its fourth quarter 2009 guidance for revenues, income before income taxes, and Adjusted EBITDA, and will provide further commentary at upcoming investor conferences. Company executives will participate in both the Citi Global Entertainment Media and Telecommunications Conference and the Needham Growth Stock Conference.

Revised Fourth Quarter 2009 Guidance
Due to the impending investor conferences and proximity to the end of the quarter, InfoSpace, Inc. is updating its guidance for the fourth quarter of 2009.

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Franklin Electronic Publishers Board Receives Acquisition Proposal

Franklin Electronic Publishers, Inc. (NYSE AMEX Equities US: FEP), a worldwide leader in providing language and related technology solutions, today announced that it has received a copy of a Schedule 13D filed with the Securities and Exchange Commission relating to a non-binding proposal by Saunders Acquisition Corporation for an all cash acquisition at $2.35 per share. According to its Schedule 13D filing, Saunders is a newly formed Delaware corporation founded by existing management of the Company who, together with existing shareholders who are members of the Saunders group, beneficially own shares or options to purchase shares representing 43.7% of the voting power of the Company. Taking into account only options expected to be exercised at the time of any vote on their proposal, such persons will own 39.9% of the voting power of the Company.

Franklin's Board of Directors has appointed a Special Committee comprised of independent Board members to consider the Saunders proposal and other proposals.

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Open Text to Acquire Vignette

Open Text(TM) Corporation (NASDAQ:OTEX) (TSX: OTC), a global leader in Enterprise Content Management (ECM) software, and Vignette Corporation (NASDAQ:VIGN), the company that the world's leading brands rely on for innovative and dynamic web experiences, today announced that they have entered into a definitive agreement pursuant to which Vignette will become a wholly owned subsidiary of Open Text.

Vignette shareholders will receive US $8.00 in cash plus 0.1447 of an Open Text common share for every Vignette common share which equates to approximately US $12.70 at close of market on May 5, 2009. This represents a premium of approximately 74% above the 30 trading day average closing price of Vignette's shares and approximately 41% above the most recent closing price. This values the transaction at approximately US $310 million.

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