MandrakeSoft Improves Financial Health
joestar writes "MandrakeSoft's latest financial results have been posted to their website. Despite a slight decrease in revenues - mostly due to the dollar/euro rate and negative effects of the Chapter 11-like protection - first results seem impressive: "the company reduced operational expenses by a factor of 5, increased gross margins by a factor of 5 and reduced its losses by a factor of 7". As a result, MandrakeSoft has been cash-flow positive since January 2003, and expects its first positive result for the current quarter! Along with latest Mandrake Linux cool products, these are excellent news in my opinion because it shows that an appropriate business model can help Linux companies greatly."
Now mandrake move looks a cool idea in storing all the files on the move however what would be even better is a system which boots from a USB device. Now that would be cool
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I pretty much only use Debian for linux, but Mandrake is pretty cool. Mainly for how simple it is. It's a distro that I know I could give to most people (largely computer inexperienced) I know if they wanted to play with Linux. The simple installer is as easy as installing a *nix distro gets. Period. It is, in fact, easier than the Windows installer is.
Mandrake is a good distro for new users. It is cake to partition, install and use. You don't have to know any command line applications to configure your system. While this may be true for other distros as well, Mandrake does this very well.
Alot of people, including myself, think that mandrake is the closest thing to a desktop linux for the masses currently available.
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I totally agree, and Mandrake is a great distro. I don't like SuSE's way of releasing their distro (ftp anyone?), and Redhat dropped the free version entirely, so for the desktop I usually recommend Mandrake for people just wanting to try Linux. I have great respect for their installer, which I find to be excellent!
IMHO this is great news, and as you say hopefully others will follow this model.
The latest version can be bought of Mandrake or downloaded from Linuxiso.org.
Feel like supporting ?
http://www.mandrakesoft.com/products/mandrakemove
But doesn't Knoppix already do this?
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They filed for chapter 11 this year. That means they have been asking for donations through the club for two years before they started having real financial troubles.
That's my point. Simply asking for donations wasn't enough to keep them out of bankruptcy. MandrakeSoft only turned around after telling everyone that they were about to go out of business.
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Since when is "Chapter 11-like protection" a good business model??
Since staying in business is better than going out of business, quite a while.
In the early 90s, I worked for a company that filed for Chapter 11 protection while I was on vacation.
"D'ah!" thought I.
Not a terrible thing, really. Debt got restructured (read: our creditors took it in the a**), we got rid of a whole lot of things we didn't really need (read: way too much floorspace (including a no-longer-used manufacturing area)), and got out of a lease on said space, moving to a more appropriate-sized office at a much lower per-foot cost. Then came a couple of years of consecutive positive cash-flow, and *poof* we were out of Chapter 11. Never missed a paycheck, got raises during that time, etc.
No big deal from where I stand.
Would it have been better to have had a better handle on what was going on before it got to the point where Chapter 11 protection was necessary?
You bet.
Was it a handy way of saving the company?
Damn skippy.
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The last Mandrake release had a bunch of bugfix updates right after the ISOs went golden requiring the users to download many megabytes of updates. Could this be a result of firing developers? Has anyone seen the lay-offs impacting quality?
I'm quite curious since I use Mdk myself.
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