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

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

Written By
Web Webster
Web Webster
Dec 20, 2002

[ 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…”

Complete
Story

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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