Linux distributor MandrakeSoft files for bankruptcy
French distributor MandrakeSoft has filed for bankruptcy protection after suffering a series of quarterly losses. Existing operations will continue, including the April release of version 9.1 of its Linux software.
MandrakeSoft posted a net loss of €6.1m (£4m) on revenue of €4.7m in the previous financial year, which ended in September 2002. That represented a 31% increase in revenue and losses were more than halved from the previous year.
Last year, an appeal appeared on Mandrakesoft's website asking users to contribute to a Mandrake Linux Users Club and Corporate Club. The money raised would be used to help support the company and support development of future distributions of its software, the company said. It also predicted financial break even by the end of 2002.
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