MandrakeSoft Files for Bankruptcy Protection

Posted by michael on Wednesday January 15, 2003 @06:05AM from the goodwill-not-enough-to-live-on dept.

An anonymous reader writes "It's official: MandrakeSoft has filed a 'declaration de cessation des paiements' - the French equivalent of a U.S. Chapter 11 bankruptcy 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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NEWSFLASH by mao+che+minh · 2003-01-15 06:59 · Score: 1, Flamebait

Read all about it: Mandrake kept rapidly losing money even though they have less employees then some StarBucks restraunts, were awarded funding by European governments, and got free hordes of cash from sympathizers! Mandrake has pitifully poor marketing and management! Who didn't see this coming?!
That's too bad. by MisterFancypants · 2003-01-15 07:14 · Score: 1, Flamebait

I guess selling free software doesn't pay what it used to.
Re:And all I can say is good riddance by AxelTorvalds · 2003-01-15 08:31 · Score: 1, Flamebait

I know 2 kernel hackers that run Mandrake. Users that tend to bitch about like to think that they are technically oriented.