Glu Mobile CEO steps down citing need for 'generating positive cash'

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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