Ogo-Maker IXI Mobile Cuts Staff By 25 Percent; Abandons U.S. Market

Belmont, Calif.-based IXI Mobile, which makes Ogo mobile devices, has cut 40 employees or 25 percent of its staff and is closing facilities to save money, San Francisco Business Times reports. The company lost $21.5 million a year ago and was able to cut its second quarter loss to $11.4 million, but sales are dropping at a good clip, and one customer made up 69 percent the company