Raimondi, who is chairman, CEO, and president of storage system integrator MTI Technology Corp, says that he is stepping down from the SCO Group board because of his need to focus on MTI.
MTI has been struggling in recent years, as have many players in the storage market, and has seen its annual sales shrink from $227 million in fiscal 2000 down to $83.2 million in fiscal 2004 (ended in the Aprils of those years).
The company has booked annual losses since 2001, but since March 2003 it has been focusing on selling and supporting EMC arrays and has gradually pushed itself back into the black.
Incidentally, Ralph Yarro, chairman of SCO Group, is a board member at MTI. Yarro says that SCO will continue with an eight-member board and has begun a search for a ninth member, who will be appointed at the company’s annual shareholder meeting in 2005.
