Reuters Linux maker MandrakeSoft seeks bankruptcy shelter Wednesday January 15, 8:06 pm ET By Eric Auchard
NEW YORK, Jan 15 (Reuters) - MandrakeSoft (Paris:MAKE.PA - News), one of more popular variations of the Linux operating system to follow in the footsteps of market leader Red Hat Inc. (NasdaqNM:RHAT - News), said on Wednesday it had filed for protection from its creditors. "The liabilities accumulated by MandrakeSoft through a series of quarterly losses have prompted the company to file for 'declaration de cessation des paiements,'" the company, said in a statement on its Web site (http://www.mandrakesoft.com).
