Communication with php pogram
Monday April 21st 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

Hey! Don’t Criticize Open Source Code Over Quality

internet advertising There has probably never been a catalyst for criticism of open source development models as [Read More]

With OpenStack Icehouse Here, Database-as-a-Service Tech Draws Attention

internet advertising As we’ve been covering this week, Icehouse, the next major release of the OpenStack cloud [Read More]

KDE 4.1.3 Released, Orphan Linux, and Mint Tips

internet advertising Today’s news search might have been a bit of a bust if not for the release of KDE 4.1.3 [Read More]

Containers Answer The Right Question

internet advertising Russell Pavlicek from the Xen project asks "Are Containers the Right Answer to the Wrong [Read More]

OpenStack Deployments Spread Out as the Icehouse Release Arrives

internet advertising This week, there is a slew of news about major OpenStack deployments going on at enterprises. Red [Read More]

Twitter On Me

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

Calendar

April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930