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    Tuesday, June 22, 2004

    SimpleTech Closes Xiran Division
    Santa Ana-based SimpleTech has closed its Xiran division (www.xiran.com), which was providing silicon for the iSCSI storage market. In a statement, the company said that the closure would decrease its operating expenses. The division had productized technology and was generating nominal revnues, but the company said that the time table for significant revenue was uncertain, due to slower than expected maturation of the iSCSI storage market.
    posted on Tuesday, June 22, 2004

    Related stories:
    > Xiran Ships iSCSI HBA
    > SimpleTech Upgrades Memory Offerings
    > SimpleTech Adds OEM Sales VP
    > SimpleTech Ships Solid State Drives
    > SimpleTech Sells Consumer Products Business

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