Communication with php pogram
Wednesday October 1st 2014

Mandriva Bankruptcy Crisis Averted, For Now





mandrivaMandriva users have been anxiously awaiting word from corporate whether the first user-friendly distribution would be forced to cease operations. The decision, which has been postponed twice in the last week, has finally come down. Too bad it’s really a "good news, bad news" situation.

Jean-Manuel Croset, Mandriva COO, today blogged that the bankruptcy has been averted for now thanks to the Paris Region Economic Development Agency. This agency appears to a consortium of business owners and consultants, tax and regulation experts, and investors who work to promote investment in France. Mandriva has become the recipient of their support which will buy the troubled company time to construct a Plan B.

Croset said the original issue with the "minor shareholder" could not be resolved. He continued with the good news, "Fortunately, the financial situation – far better than expected – allow us to search for a new way to solve the current issue until mid-February."

So, while the company will carry on with its daily grind, users are still in a bit of limbo waiting until mid-February for the worst-case scenario. However, like a critically ill person on life support – everyday they continue breathing brings higher hopes they’ll someday recover.

Related Activities

Related Software

Related Blog Posts



src='http://ads.gigaom.com/show/rss/'
alt=''
border='0'
/>

View full post on OStatic blogs

  • Share/Bookmark

Leave a Comment

More from category

Mozilla and Ford Team on Effort to Protect the Open Web

internet advertising In partnership with Ford, Mozilla has just launched its Ford-Mozilla Open Web Fellows Program, [Read More]

OpenStack’s Community and Contributors are Gaining Influence

internet advertising This week I noted in a post that the platelets are shifting in the fast-growing OpenStack cloud [Read More]

Bad Saved Games, Fedora Scheduling, and Scribbling

internet advertising In tonight’s Linux news, GamingOnLinux.com poster says "game saves are messing up our [Read More]

Our Updated Resources for Hadoop Training and Certification

internet advertising Hardly any echnology trend these days is drawing more attention than the Big Data trend. And, when [Read More]

Platelets Shifting on OpenStack Scene as Big Players Converge

internet advertising The platelets are definitely shifting in the OpenStack cloud computing race. Last week, I reported [Read More]

Twitter On Me

<p>Error: Twitter did not respond. Please wait a few minutes and refresh this page.</p>

Calendar

October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031