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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Toko who wrote (8381)	6/2/2000 3:42:00 PM
From: Gus	Read Replies (2) \| Respond to of 9256

Wow. They must have burned through, what, $100 million in several stages of VC funding. As I recall, they were trying to assign the blame for the numerous delays to Seagate and its withdrawal from the consortium just prior to Seagate's acquisition of Quinta and its far-field recording technology. Quinta itself got embroiled in a bitter lawsuit involving some key employees who left without depositing everything they knew about the project at the lobby on their last day prior to joining another startup. So that's it for the hybrid magneto-optical guys for now, eh? By the way, the DOD/Darpa is giving the holographic crowd until this year to prove the technology or else.