[oclug]Mandrake files for bankruptcy protection.
chris123 at magma.ca
Thu Jan 16 00:37:21 EST 2003
On Thursday 16 January 2003 00:07, Rod Giffin wrote:
> Don't write off Mandrakesoft just yet. Their revenue picture looks
> good. It appears they have had a bit of a rough go of it at the
> hands of one of their major investors that caused the cash flow
> crunch, and it looks to me as if the current situation may be an
> attempt to mitigate damage as they send this investor packing.
> All of the above is just my opinion.
Reading the posts I got a similar impression. Important to note is
that the investments in question occured in the fiscal year 2000/2001
Thats prior too the meltdown. Those familiar with Mandrake will also
note that this situation was rectified late in 2001/2002 not
withstanding the finanical implications. It is also not clear at
least to this typist what the nature and extend of bankruptcy fileing
in the EU is all about. My guess its not similar too the same rules
as in CA or US.
From a positive perspective, perhaps its a move to release the Corp
from dept similar to what some are attempting to do with the
Senators. Perhaps not. I really dont know. On the other hand, its all
gpl software, for the most part (minus 3rd party additions) so its
all available to all anyway. Perhaps its time for Mandrake
enthusiasts to step up to the plate and contribute and support their
distro of choice.
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