InPhase Closes It's Doors - Adios Holographic Media!

[Ian]

According to TimesCall.com, InPhase has shut its doors. For those that don't remember, these were the guys that developed the 300GB Tapestry holographic media.

http://www.timescall.com/news_story.asp?ID=20627

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.

[Ian]

Poor InPhase...

http://www.timescall.com/news_story.asp?ID=20680

InPhase Technologies, which handed out final paychecks to its 60 employees Tuesday, was seized Friday by the Colorado Department of Revenue for nonpayment of taxes.

Next to a large “Seized” sign on the front door of company headquarters at 2000 Pike Road, the Department of Revenue notice stated that the company had “delinquent and unpaid sales taxes” of $10,337.14. The notice said a public auction would be held, at a date to be announced, for “all of the personal property, furniture, fixtures, equipment and inventory owned by or used in the conduct of business” by InPhase Technologies.