The court approved a plan under which liabilities of 4.1 million euros, or about $5 million, will be repaid to creditors over a nine-year period, said Tuesday.
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The plan was made possible by a return to profitability in the fourth quarter of 2003, its first since 1999, the company said. MandrakeSoft reported a profit of 270,000 euros on revenue of 1.42 million euros for the quarter.
MandrakeSoft is based in Paris, but much of its revenue stems from North American sales. The company's version of Linux is, though that deal will be succeeded by a , the No. 2 version of the open-source operating system after Red Hat.
Red Hat stock was trading Tuesday near a new 52-week high of $23.95 after the company reported.
By virtue of the open-source programming movement's cooperative nature, improvements to Linux made by one company, such as Red Hat, also help others.
MandrakeSoft in Januarythe French equivalent of bankruptcy protection, shortly after it . The company had by the end of 2003.
The company plans to release Mandrakelinux 10.0 Official in May, it said.