PortalPlayer CEO to step down | iLounge News

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PortalPlayer CEO to step down

iPod chip maker PortalPlayer has announced that company CEO Gary Johnson plans to resign by the end of the year. “My true passion is in leading companies through their initial rapid growth,” said Johnson. “When I joined PortalPlayer, the company had one product and very limited cash. Today, it has several design teams working on products for three major personal multimedia player markets and nearly $200 million in cash… I feel that it is time for me to pursue other opportunities where I can again be instrumental in the early stages of a company’s growth.” The move comes a little more than three months after the company said its chips would not be used in some of Apple’s flash-based iPods.

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Comments

1

“My true passion is in leading companies through their initial rapid growth,” said Johnson.”

So we are suppose to believe that this has nothing to do with them losing their iPod contract, huh?

Posted by 3rdeye on July 28, 2006 at 8:14 AM (PDT)

2

Translation: “Go down with the ship HELL!”

Posted by Hrothgar on July 28, 2006 at 8:53 AM (PDT)

3

Further translation: “Failure is not an option…and since I don’t like to fail, I bolt.”

Posted by flatline response on July 28, 2006 at 6:09 PM (PDT)

4

Another translation:

Already cashed in my options.

Time to get some more pre-IPO options.

Posted by wco81 in West Coast on July 28, 2006 at 6:23 PM (PDT)

5

No one would have even heard of PortalPlayer if it wasn’t for Apple.

Posted by Michael on July 29, 2006 at 1:24 PM (PDT)

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