PortalPlayer, whose chip powers Apple Computer's iPod MP3 device, cut an undisclosed number of jobs last month. PortalPlayer Vice President Michael Maia confirmed that layoffs took place a couple of weeks ago, but would not say how many jobs were cut. "We're just getting expenses a little more in line with revenue," said Maia, who added that the company hopes to reach a break-even level by this year's third quarter.
The company is also looking for a new chief executive to replace John Mallard whoin December. In addition to powering the iPod, PortalPlayer's technology is used in products from RCA and Samsung.