Want CNET to notify you of price drops and the latest stories?
X

MandrakeSoft gets bankruptcy protection

stephenshankland.jpg
stephenshankland.jpg
Stephen Shankland principal writer
Stephen Shankland has been a reporter at CNET since 1998 and writes about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise processors, semiconductors, web browsers, quantum computing, supercomputers, AI, 3D printing, drones, computer science, physics, programming, materials science, USB, UWB, Android, digital photography, science Credentials
  • I've been covering the technology industry for 24 years and was a science writer for five years before that. I've got deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and other dee
Stephen Shankland
A French court has granted a six-month bankruptcy protection period to Linux seller , the company said Wednesday. The French Commercial Court confirmed the observation and protection period on Monday and appointed an administrator to assist the company, said co-founder, chairman and former CEO Jacques Le Marois in a statement.

"MandrakeSoft welcomes this latest news as a positive step to achieving solid financial restructuring which will make the company profitable," the company said. Mandrake filed for bankruptcy protection two weeks ago in an attempt to restructure its debts. The company also might try to raise more money, Le Marois said.