Xiotech Corp. will eliminate nearly a quarter of its headcount -- about 100 jobs -- to reach its goal of turning...
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a profit this year.A key part of the plan to cut costs, instigated by the company's new CEO Casey Powell, involves moving away from proprietary processors that take time and money to design. This week Xiotech announced its Magnitude 3D 3000 storage array, which uses Intel processors instead of the company's proprietary hardware built for its older products. A Xiotech spokesperson said it will discontinue development of its first-generation products although will continue to support these customers.