Mandrakesoft announces massive reduction in operating loss
July 23rd, 2002 -- MandrakeSoft announced today that the company's financial
status has vastly improved. As reported in the latest Shareholder's
Newsletter, the company is "solidly on track" to becoming a profitable
company by year's end.
The 3rd Quarter financial results show that:
* Income is up by 33% compared to the same quarter one year ago.
* Losses are almost four times lower than one year ago
http://www.mandrakesoft.com/company/investors/newsletter/sn020722
Everyone at MandrakeSoft would like to thank the entire community -- and
especially MandrakeClub members -- who helped us reach this point.
Reminder: MandrakeSoft's "Increase of Capital" is still in progress. The
action has recently been extended until August 14th, so everyone is welcome
to join. For all the details, please see:
http://www.mandrakesoft.com/company/investors/bsa
