A court approves the company's exit from bankruptcy, and the now-profitable French seller of a Linux operating system readies a product update.
Posted by Stephen Shankland
Struggling Linux seller raising new funds to complete software acquisition, exit bankruptcy protection.
Linux seller gets piece of $8.6 million French contract after exiting bankruptcy protection.
A month after a devastating legal ruling, The SCO Group says it's filed for Chapter 11 bankruptcy protection while it reorganizes, and all its court cases are on hold.
The Linux seller hopes to emerge from Chapter 11 bankruptcy protection by the end of the year.
MandrakeSoft, the financially strapped creator of the Mandrake version of Linux, says its financial liabilities prompted it to seek the French equivalent of bankruptcy protection.
The high-end server maker emerges from Chapter 11 protection with a new board of directors and new funding.
Mandrakesoft plans to buy Conectiva for $2.3 million. Will the combined company be ready to take on the heavyweights?