Glu Mobile CEO steps down citing need for 'generating positive cash'
by Ben Gilbert 
{ Jul 9th 2009 at 12:10PM } 
There's no doubt that Apple's iPhone has put a significant dent into the mobile game landscape, especially for non-future phone game developers and publishers. Such is the case for Glu Mobile, a company that -- while recently inking a deal to develop and distribute Activision titles on mobile devices -- seems to be going through some not so fantastic times. IndustryGamers.com reports that the company's CEO, Greg Ballard, is stepping down after six years on the job, citing the need to generate "positive cash.""This is a good time to bring in new leadership for the company, as we focus on returning to generating positive cash and begin even greater investment in next-generation mobile platforms," Ballard notes in the company's release. It's not clear at this time who will be taking the reins of the mobile developer, but we're hoping it's not these guys.
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Reader Comments (Page 1 of 1)
ignfan69 @ Jul 9th 2009 12:27PM
I miss the NGage
Storm Eagle::The Blood Edge @ Jul 9th 2009 12:37PM
See now you're just beggin' for a downvote.
There ya go.
Bradwart @ Jul 9th 2009 12:42PM
Between the name and the comment, yeah. Downvote.
I think the NGage would have failed even with an Apple logo on it.
Chris D.(PSN: Aggie_CEO | XBL:The Aggie CEO | Steam: Aggie_CEO @ Jul 9th 2009 12:40PM
His Mustache looks like something from an old Merry Melodies cartoon....
David @ Jul 9th 2009 12:47PM
lol
Brendan H @ Jul 9th 2009 8:09PM
I like when my cash is positive. A good attitude is always important for cash to have.