[TriLUG] Fw: Mandrake's Chap. 11 is for real--But revenues are improving!!

[Sinner from the Prairy]

On Thursday 16 January 2003 03:43 am, al johson wrote:

>    MandrakeSoft's financial reorganization 2003-01-15

> The liabilities accumulated by MandrakeSoft through a series of quarterly
> losses have prompted the company to file for "declaration de cessation des
> paiements". The filing, similar to the U.S. Chapter 11-Reorganization, took
> place on January 13, 2003.

> This reorganization of liabilities enables MandrakeSoft to continue its
> current operations, which are showing increases in revenue and significant
> decreases in expenses. MandrakeSoft's strategic partners are supporting the
> company in this process and the MandrakeSoft team is focused on continuing
> to deliver high quality services and products to its customers.

Sad to se it. 

As Mandrake says in their webpage, the CIO that got MandrakeSoft into this 
mess is no longer there. Bad management in the dot-com era.

But numbers keep looking better, as well as their product.

So if you like Mandrake and have spare money, probably you want to vote with 
your wallet. Do not donate, get a boxed set or a membership on MDK Club.

Of course, same goes with your favourite distribution.


Salut,
Sinner
-- 
http://www.ibiblio.org/sinner/     Linux User # 89976
Running on Mandrake Linux 9.0 - Kernel  2.4.19smp  Linux Machine # 38068