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back to article Optical delusion: Plasmon's ignominious end

A Colorado-based storage systems business, Alliance Storage Technologies, has bought the assets ashes of Plasmon Inc. The deed was done on January 5 and the assets bought from the Silicon Valley Bank of Santa Clara, which had a court authorise the appointment of a receiver when Plasmon defaulted on a $10m credit line from the …

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  1. Anonymous Coward
    Anonymous Coward

    Bleak outlook

    The point is that they _could_ hold vast quantities of data. And that as time goes by their capacity will increase- and if it was an ideal world it would increase exponentially compared to normal 2D media.

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  2. billy no mates

    fair comment

    Thanks for the story

    Its quite well balanced.

    As an ex-employee, being made redundant before Christmas was never great fun but I am glad the products live on (even if it is in the US).

    There was lots of work involved bringing UDO to the market with a lot of dedicated staff.

    As per usual in these situations, someone else will profit from innovation and other peoples hard work ...

    I wonder what happened to the CEO, he seems to have gone to ground

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  3. Anonymous Coward
    Unhappy

    Bitterness

    Funny how these moaners didn't have the chutzpahs to go and find another job BEFORE the company folded.

    I really do feel for these people who are obviously looking for someone to blame which I guess is the current habit. I've been there, bought the T-shirt with the pathetic redunancy pay because I was too naive to see the writing on the wall at the time. C'est la guerre I suppose.

    It's a real pity that they've gone - the support was really really good which is unusual nowadays.

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  4. billy no mates

    'bitterness' - no common sense

    to 'bitterness', I am glad you got redundancy pay.

    I didnt, the company folded.

    i.e. no money to pay staff

    people were looking for other lines of employment before Plasmon went down the pan.

    Jobs are not two a penny at the moment in this economic climate.

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  5. Anonymous Coward
    Happy

    @billy... you should try living in the 'socialist' EU...

    Over here, if a firm goes bankrupt without money to pay severance and redundancy, you get compensation from the government. Vivé la welfare state, comrades!

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