[SLUG] The beginning of the end for MandrakeSoft?

[Adams, Jamie]

From: 

http://www.mandrakesoft.com/company/press/briefs?n=/mandrakesoft/news/24
05

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. 

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