Mandrakesoft Increases Revenue, offers more stock

MandrakeSoft has put out a release describing its recent financial performance: for the six months ending in March the company lost EUR 3.7 on revenue of EUR 2.33. Also announced is a new stock offering; existing shareholders have the first chance to buy more shares from the company. There is a registry for those who do not currently own shares, but who would like to participate in the new offering. If all the new shares are bought, the outstanding shares of MandrakeSoft will increase 33% to 5.1 million, and the company will raise about EUR 3.6 million.

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