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MandrakeSoft Files for Bankruptcy Protection

Posted by michael on 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."

4 of 379 comments (clear)

  1. Translation by Telastyn · · Score: 5, Funny
    ...and significant decreases in expenses.
    We don't have to pay employees smart enough to get off our sinking ship.
  2. Re:Here is your chance! by yamla · · Score: 3, Funny

    Actually, there was a study which showed that Microsoft Support was actually less useful than the Psychic Friends Network. The 17 year old next door is miles above either of those two.

    --

    Oceania has always been at war with Eastasia.
  3. hmmmm by Anonymous Coward · · Score: 1, Funny

    1. Sell FREE software
    2. ???
    3. Bankrupt!!!

  4. Re:Here is your chance! by squiggleslash · · Score: 3, Funny
    It's only about 2 million Euros of debt according to the article, which is only around $2,000,000: you don't have to be Ted Turner to bail them out.

    Personally, I think a better reason not to do so is the same issue that everyone else raises: Mandrake obviously has a poor management model. It's not as if there aren't viable alternatives. If we're not prepared to build a charity to keep Commodore alive, we certainly shouldn't be pulling out all the stops to save Mandrakesoft.

    I think when this is over, there'll only be two operating systems left: RedHat Linux, and OS/2.

    (OS/2 will succeed because nobody realises it's still alive. It's laying there on the battlefield pretending to be a corpse. Once there's one person left, it'll jump up, hug the survivor, and yell "Yeah! Woooo-wooop! We beat them! Let's go have a drink and celebrate.". And a very confused RedHat will stagger to the bar thinking "Who is this person? I can't remember him. Well, he seems to know me...")

    --
    You are not alone. This is not normal. None of this is normal.