Mobility Electronics, Inc. last week completed
its acquisition of Reno's iGo Corp.
Based in Scottsdale, Ariz., Mobility
Electronics said it's undertaking steps to
reduce iGo's operating expenses by more
than 50 percent.
Those steps include:
* Restructuring iGo's cellular business
through the signing of an exclusive supplier
agreement with Andrew Corp. that will
reduce expenses and eliminate inventory
exposure
* Outsourcing fulfillment responsibilities
across iGo and Mobility to PFSweb Inc.
* Moving iGo's operations to a smaller, less
expensive facility in Reno's South Meadows
business park.
* Consolidating iGo and Mobility's sales,
marketing and engineering functions.
* Eliminating duplicated overhead and eliminating
the expenses iGo encountered as a
stand-alone public company.
"We believe the cumulative effect of these
changes will reduce iGo's operating expenses
by more than 50 percent from their historical
levels," said Charlie Mollo, chief executive
officer of Mobility Electronics.
Mobility Electronics, designs and markets
equipment for portable computers. iGo markets
accessories for personal digital assistants
and cellular phones.
