Mandrake Doomed?

[Lee]

On Monday 30 December 2002 09:40 pm, you wrote:
> Feigning erudition, Ken Moffat wrote:
> % kwall at kurtwerks.com wrote:
> % >http://www.mandrakelinux.com/en/future.php3
> % >
> %
> % I would hope they're not doomed. I feel they provide a valuable product.
> %  I guess RedHat need some healthy competition in the rpm wars.
>
> I don't think it's RPM wars, but Red Hat certainly need competition.
>
> Kurt

>>They're not really doomed. I've been a member of the Mandrake Club for 
about a year and a half. Mandrake has been singing this song for awhile. To 
raise money to go after the market they went public with over the counter 
stocks. Instead of selling the stocks they went the wallstreet route by 
selling warants to purchase shares to the rich and greedy. About the same 
time the . com market went south. The warrant holders finding that they 
weren't going to double their money and might have to actually buy the stock 
and hold it decided they wpould be good enough to sell us scruffy peasants
to buy portion of their unexecuted warrants at the same price they would pay 
for them. Unfortunately, the scruffy peasants have enough smarts to realize 
that the hay day of the . com is over and the stock on today's market isn't 
worth what the warrant holders and speculators hoped it would be. So, 
Mandrake is still pushing to bail ouyt the ricjh and greedy instead of 
raising money for expansion. If they need the money all they have to do,is 
make the warrant holders execute their warrants when they are due. As far as 
the company itseld six months ago they got a two year contract from the 
French Government to replace the OS from the evil empire with on 240,000 
government computers. That is quite a chunk of change even if it is in French 
Francs.