On Thu, Jan 16, 2003 at 00:04 -0500, Lyvim Xaphir wrote:
>
> Miark:
>
> Excellent post! Kudos to you for that fine response. I can't add much
> to that, except to say that companies like Chrysler have weathered
> bankruptcy protection in the past, and look where they are today.
> Dennis Meyers was pointing this out in a post sometime yesterday.
>
> So there are successful companies out there (big ones) that have had the
> same dilemma as Mandrakesoft has now. And they have grown and prospered
> as a result.
>
> In this case, what doesn't kill you will make you stronger.
I also regard Miark's response a fine wrap-up of the whole thing.
To you US-Americans and French people such a "bankrupt but still in
business" is common ground and well understood as a positive step
towards a healthy business.
The difficulty is to tell it to folks like mine (Germans) who don't
have that kind of "Chapter 11". Well in a sense we have it too but the
normal way is: "You can't pay your bills and you don't get investors to
do that for you? You can't find a larger company to buy you out?
You're out." The business will be closed and everything will be sold
to satisfy the creditors. You can start with a new business.
Now we have to tell German users that it is a positive move that
MandrakeSoft made and by far not the end of it.
(Not only the Germans, there are some other countries where bankruptcy
is the end of a company.)
wobo
--
If you don't understand or are scared by any of the above
ask your parents or an adult to help you.
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