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As most of you know, MandrakeSoft filed for Chapter 11 protection at the end of January 2003. This meant that we were granted a court appointed administrator and given the opportunity to renegotiate our liabilities. This process is running smoothly, and we are happy to report that since January MandrakeSoft has been 'cash-flow positive'. Our immediate goal is to exit from this status before the end of the current year. Agreed, this is an aggressive schedule, but this is the plan that I am focused on, and I strongly believe it is achievable. |
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