InPhase Technologies finally delivers... layoffs

We've been hearing about InPhase Technologies' Tapestry 300GB holographic storage disks since 2005, but we've never actually seen the product in action, even though the company has been promising ship dates the whole time -- and now it looks like we might never get the chance, as the company has apparently laid off "roughly half" of its workforce. The cuts are reportedly blamed on CEO Nelson Diaz refusing to listen to roadmaps from his engineers and setting unrealistic schedules -- hmm, you think that might be a problem after nearly three years of missed launch dates? There's still a chance we'll actually see these things make it out of the labs, but we're not holding out hope -- and we've got a feeling physical media might actually be dead when that happens.

[Thanks, Meno]