InPhase out of business, assets seized for back taxes
By Joseph L. Flatley 
posted February 8th 2010 10:36AM
posted February 8th 2010 10:36AM
It's been something like five years that we've been eagerly waiting for InPhase to finally release that revolutionary holographic storage solution, and while there has been plenty of drama in the way of release dates promised and pushed back, and even some layoffs to keep things interesting, the company has been pretty, pretty quiet lately. As it turns out, this has been due to the fact that employees have been busy enough updating their resumes. "We were expecting it for a long time," said one employee, among the sixty or so who picked up their final paychecks last week. "So it wasn't a big surprise." To put a finer point on things, it's been announced that the Colorado Department of Revenue has seized the company's assets for non-payment of taxes. According to The Register, the state has changed the locks and announced that everything on the premises will be auctioned off, down to the fixtures and furniture. This is certainly an ignominious end to a once great idea, but as you know every cloud has a silver lining: If you're looking to get into the holographic storage business, drop us a line. We've heard that some equipment is becoming available soon -- and at a great price.
SMH. How are you a business and fail to pay your taxes?
That's a lame way to meet your end. Especially for a company that's supposed to be making holographic storage solutions.
@BigJayDogg3
Apparently the Tax man said that their projections weren't really there.
@BigJayDogg3 They probably figured the bank would repo the building faster than the Feds would close up shop, so they paid the bank and hoped for a VC to swoop in and save them by the time the tax man arrived.
@THJ
that actually makes sense.
@THJ
that actually makes sense
@TC
Guess you could say they made a lot of holo-promises.
No fancy title like "InPhase phasing out...?"
@(Unverified) +
lol @ 300gb holographic storage discs...they took so long to deliver this stupid product that it's now cheaper to buy a 300gb sata drive!
So sad, was hoping this would be mainstream for movies in the future.
This is why stories on revolutionary tech have to be looked at with skepticism. It's a big step from theory to commercialization.
the promises this company made reminds me a lot of a little place called Steorn.
wasn't there a big "partnership-coalition" with industry leaders to standardize this?
Like with dvd, bluray, etc. What happened to that?
Inphase is out of phase!
Sorry. Couldn't help it ^^
You mean to say another company promising holographic storage failed? I can't believe it. Say it isn't so.
Who?
It sucks it is gone :(. Didn't know it was a local company though. I was looking forward to the holotech. Especially since IIRc they were developing the holo cards (30GB in a holographic card the size of a credit card)