Communication with php pogram
Wednesday April 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

TryStack Lets You Tinker with an OpenStack Cluster–Before You Leap

internet advertising Late last year, survey results began to appear left and right confirming that IT departments [Read More]

Cern Deploys Red Hat, Continued Heartbleed Heartache, & a CentOS Desktop

internet advertising Cern, "the European Organization for Nuclear Research" and probably best known for the [Read More]

LG Electronics Places Open Source Bet on Smart TV Apps

internet advertising For years now, pundits have predicted that the age of connected TVs is upon us, and televisions [Read More]

Red Hat Deepens its Focus on Docker

internet advertising Docker, the commercial entity behind the Docker.io project, an industry leading container [Read More]

Ubuntu 14.04, AntiX Review, and Robolinux 7.4.2

internet advertising Today’s news hunt includes the news that Ubuntu 14.04 was released Friday. Also today is a [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