Mandrake financial woes


Subject: Mandrake financial woes
From: Jan Zumwalt (jwzumwalt@neatinfo.com)
Date: Wed Jan 29 2003 - 21:15:10 AKST


On January 27th, 2003, confirmation was received from the French
Commercial Court that MandrakeSoft had been granted a six month
observation and protection period to establish a continuation plan. This
protection period provides the ability to renegotiate the Company's
current liabilities. A court-appointed administrator has been named to
assist MandrakeSoft during this process.
 

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