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MandrakeSoft goes into bankruptcy
It's official: MandrakeSoft has filed a "declaration de cessation des
paiements" - the French equivalent of a U.S. Chapter 11 bankrupty
filing. From a
statement issued by the company: "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." Best wishes
to MandrakeSoft as they work through this process.
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I am sad to see this happen Posted Jan 15, 2003 20:40 UTC (Wed) by sam (guest, #1329) [Link] I am sad to see this happen; then again, since Mandrake is open source, what will most likely happen after Mandrake going under is that there will be a Mandrake-based distro which continues the Mandrake tradition.Another possibility is that Mandrake will become a non-profit organization, and survive the same way that Slackware is surviving. - Sam
Response to: I am sad to see this happen Posted Jan 16, 2003 4:24 UTC (Thu) by holtonjb (guest, #9102) [Link] Filing for bankruptcy protection from one's creditors is not the same thing as going under.They've made no moves to close the doors. Quite the contrary, declaring bankruptcy is a deliberate attempt NOT to close the doors!
MandrakeSoft goes into bankruptcy Posted Jan 16, 2003 1:39 UTC (Thu) by JoeBuck (subscriber, #2330) [Link] Slashdot has your story word-for-word without any attribution to LWN, crediting "an anonymous user". Several people have asked them to correct this, but there has been no response yet.
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