Guest anon Posted July 18, 2005 Report Share Posted July 18, 2005 Mandriva (formely Mandrakesoft) today definitively settled thelitigation it had with Hearst Publications and Kingfisher Syndicate. This litigation concerned the "Mandrake The Magician" character and had being going on since 2000. The settlement, for an undisclosed amount, will result in an exceptionnal profit for the current fiscal year. Financial details will be made available with our yearly financial results. Sincerely yours, Jacques Le Marois Link to comment Share on other sites More sharing options...
devries Posted July 18, 2005 Report Share Posted July 18, 2005 What do they mean with exceptional profit? Do they get money or do they have to pay money? Link to comment Share on other sites More sharing options...
theYinYeti Posted July 18, 2005 Report Share Posted July 18, 2005 I think they simply won't have to spare money for the legal matter anymore, and this money will be available for other things... Yves. Link to comment Share on other sites More sharing options...
Guest anon Posted July 18, 2005 Report Share Posted July 18, 2005 The gist of it is (as i read it ) they were expecting to pay out a hefty sum but got a good result, they only paid a fraction of what they feared they might have to. So Mandriva profits for this year or the next quarter are going to be double ?? what they expected. Its party time if you own shares in Mandriva !! And if you don't, it means they have more cash to spend on research and development etc. Link to comment Share on other sites More sharing options...
pmpatrick Posted July 18, 2005 Report Share Posted July 18, 2005 It's probably accounting mumbo jumbo. Large organizations typically reserve for contingent liabilities like litigation. If they settle for an amount less than the reserved amount, everyone is very happy, especially the accountants, because on their books they made money, having already taken the hit when they originally set up the reserve fund. Link to comment Share on other sites More sharing options...
scoopy Posted July 29, 2005 Report Share Posted July 29, 2005 I think I have stumbled upon another part of the settlement. Seems they have handed over all their Mandrake domains to The Hearst Corporation a few days ago. I really don't know why they would want them... as they are set to expire in just a few months anyhow. Paul... guard our "drake" domain with your life (or another admin of your choosing) Link to comment Share on other sites More sharing options...
ramfree17 Posted July 29, 2005 Report Share Posted July 29, 2005 Paul... guard our "drake" domain with your life (or another admin of your choosing) <{POST_SNAPBACK}> bad choice. paul has no life. good to hear that mandrivasoft now has extra cash for funding development. ciao! Link to comment Share on other sites More sharing options...
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