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MandrakeSoft: Short-Term Cash Woes Loom, Calls for More Investment

Dec 20, 2002, 20:30 (28 Talkback[s])


Desktop-as-a-Service Designed for Any Cloud ? Nutanix Frame

[ Thanks to Ramon Perez for this link. ]

"Good news

"MandrakeSoft recently announced significant increases in revenue and reduction in expenses. While many companies have struggled to prevent declines in revenue and profitability in this economic climate, MandrakeSoft showed positive results in both areas in large part due to critical partnerships with OEMs, success of new online services, and a general growth in the demand for Linux solutions. After strenuous efforts over the past 12 months MandrakeSoft's business model is more solid than ever with a number of new announcements and some exciting developments on the horizon.

"Bad news

"Unfortunately, this good news also comes with bad news. In order to reach the next release, MandrakeSoft currently needs to:

  • raise cash, and
  • quickly complete the Increase of Capital..."

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