Digeo, make of the Moxi brand DVR, said
it is laying off almost half of its workforce (80 employees) and that CEO Mike Fidler was stepping down. Fidler is being replaced by president and COO Greg Gudorf.
Even more bad news, is that Digeo will also drop plans to release two new products, the Moxi Multi-Room DMR and Moxi Home Cinema Edition DMR. It will focus on its existing products and an HD DVR.
From CNET:
In an interview with CNET News.com, Fidler blamed the shift in strategy on the company's "inability to deliver some products on time" and "dynamics that occur in the marketplace."
The company said that it had been spreading its "energies across too many platforms" and needed to refocus. Most of Digeo's products have been delayed and slow to come to market. And they've only been available via some cable systems, rather than directly through retailers.
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