http://www.mandrakesoft.com/company/press/briefs?n=/mandrakesoft/news/2405
MandrakeSoft News
MandrakeSoft's financial reorganization 2003-01-15
The liabilities accumulated by MandrakeSoft through a series of quarterly
losses have prompted the company to file for "declaration de cessation des
paiements". The filing, similar to the U.S. Chapter 11-Reorganization,
took place on January 13, 2003.
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.
Following this filing and with the support of the court via a
court-appointed Administrator, MandrakeSoft will be protected from its
creditors, renegotiate its liabilities and prepare a continuation plan to
be approved by the French Court in the coming months.
Version 9.0 of the product was a success both technically and commercially
and the company is now focused on Version 9.1 which will be announced as
scheduled in April.
:-(
Radu
--
Radu Filip
Network Administrator @ Technical University of Iasi
[EMAIL PROTECTED] Information Technology and Communication Center
http://socrate.tuiasi.ro/ [EMAIL PROTECTED] | http://ccti.tuiasi.ro/
---
Pentru dezabonare, trimiteti mail la
[EMAIL PROTECTED] cu subiectul 'unsubscribe rlug'.
REGULI, arhive si alte informatii: http://www.lug.ro/mlist/
