Communication with php pogram
Saturday August 23rd 2014

Mandriva Bankruptcy Crisis Diverted, 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

Linux is Evolving

internet advertising Red Hat cloud evangelist Gordon Haff recently wrote an article for Opensource.com titled “Why [Read More]

Desktop Shmesktop, New Open Source Academy, and Your Own Steam Machine

internet advertising Today in Linux news, Matt Asay asks if we can "please stop talking about the Linux [Read More]

Survey Finds OpenStack, KVM Riding High Among Cloud Professionals

internet advertising  In conjunction with CloudOpen, a sidebar tradeshow held along with LinuxCon, The Linux [Read More]

With New Funding, Adatao Focuses on Bringing Hadoop to the Masses

internet advertising Recently, news broke that a small startup called Adatao has secured $13 million in Series A [Read More]

It’s Elementary, with Sparks, and Unity

internet advertising In today’s Linux news Jack Wallen review Elementary OS and says it’s not just the poor [Read More]

Twitter On Me

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

Calendar

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031