InPhase has been promising its Tapestry (holographic storage disks) since 2005, but we’ve seen any product in action ever since. According to several recent reports, the constant setbacks and delays have just forced the Longmont, Colorado-based firm to trim down a its workforce to a length. In fact, the company fired its 120+ staff on May 30 in both engineering and research areas courtesy of CEO Nelson Diaz.

Well, InPhase should better come up with some real product now before its overpriced holographic storage end up in illusion rather than a reality…
[Via: The Register]