Some 60 employees picked up their final paychecks at InPhase Technologies on Tuesday, as the company has apparently shut down.
But one of the company’s main investors insisted Wednesday the company will be back after a reorganization.
Bart Stuck, a founder of California-based venture capital company Signal Lake who said he helped in the formation of InPhase, acknowledged that employees picked up final paychecks but insisted he would help the company work through its financial difficulties.
Somehow, I don't think they'll be back. If anything, they'll sell off their patents to someone who can actually bring the technology to market.