MandrakeSoft Files for Bankruptcy

 
 
By Peter Galli  |  Posted 2003-01-15 Email Print this article Print
 
 
 
 
 
 
 

Paris-based Linux distributor says the company is still on track for an April release of Mandrake Linux version 9.1.

Linux distributor MandrakeSoft S.A. this week filed for "declaration de cessation des paiements," the French equivalent to American Chapter 11 reorganization. MandrakeSoft, which is headquartered in Paris but has operations in the United States and Canada, said the reorganization filing, made on January 13, 2003, was due to growing liabilities following a series of quarterly losses. In late December the company issued a plea for cash, saying it had a large short-term cash issue and asking people to buy products, MandrakeClub memberships or company stock. That followed a similar request last March. "This reorganization of liabilities enables MandrakeSoft to continue its current operations, which are showing increases in revenue and significant decreases in expenses. MandrakeSofts 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," the company said in a statement.
"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," it said.
The company remains focused on Mandrake Linux version 9.1, the next version of its Linux distribution, which is on track for release in April, the statement said. In October, Mandrake Linux ProSuite 9.0 achieved Linux Standard Base (LSB) certification from the Free Standards Group. LSB certification verifies adherence to the standard, developed by the community and industry, for both Linux distributions and Linux-based applications.
 
 
 
 
Peter Galli has been a financial/technology reporter for 12 years at leading publications in South Africa, the UK and the US. He has been Investment Editor of South Africa's Business Day Newspaper, the sister publication of the Financial Times of London.

He was also Group Financial Communications Manager for First National Bank, the second largest banking group in South Africa before moving on to become Executive News Editor of Business Report, the largest daily financial newspaper in South Africa, owned by the global Independent Newspapers group.

He was responsible for a national reporting team of 20 based in four bureaus. He also edited and contributed to its weekly technology page, and launched a financial and technology radio service supplying daily news bulletins to the national broadcaster, the South African Broadcasting Corporation, which were then distributed to some 50 radio stations across the country.

He was then transferred to San Francisco as Business Report's U.S. Correspondent to cover Silicon Valley, trade and finance between the US, Europe and emerging markets like South Africa. After serving that role for more than two years, he joined eWeek as a Senior Editor, covering software platforms in August 2000.

He has comprehensively covered Microsoft and its Windows and .Net platforms, as well as the many legal challenges it has faced. He has also focused on Sun Microsystems and its Solaris operating environment, Java and Unix offerings. He covers developments in the open source community, particularly around the Linux kernel and the effects it will have on the enterprise.

He has written extensively about new products for the Linux and Unix platforms, the development of open standards and critically looked at the potential Linux has to offer an alternative operating system and platform to Windows, .Net and Unix-based solutions like Solaris.

His interviews with senior industry executives include Microsoft CEO Steve Ballmer, Linus Torvalds, the original developer of the Linux operating system, Sun CEO Scot McNealy, and Bill Zeitler, a senior vice president at IBM.

For numerous examples of his writing you can search under his name at the eWEEK Website at www.eweek.com.

 
 
 
 
 
 
 

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