Here we go again. According to this article at The Register: http://212.100.234.54/content/4/28859.html Mandrake _may_ be heading into Chapter 11 or its French equivalent. It is also considering other options including a merger, another go with the venture capitalists, whatever. (Chapter 11, for those not conversant in US legalise, is a form of bankruptcy that allows the company to continue operations under court supervison. The other common form of bankruptcy, Chapter 7, is used when they just turn off the lights and lock the doors, and go home.)
Evidently the appeal for additional capital last month was not entirely successful. That's sad, but not entirely unexpected. According to one post I saw at Newsforge, they're still stuck with some ugly contracts left over from the ill-fated e-learning project. Without having looked, I expect that there is already a long Slashdot thread in progress. Duh. -- cmg
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