6 Dec
2023
6 Dec
'23
1:52 a.m.
On 12/5/23 16:59, Shoppa, Tim via cctalk wrote:
SMS was based in Mountain View starting in the
70's. They sold DEC-compatible Q-bus storage systems in the early 80's and
transitioned into IBM PC disk storage ASICs and boards under the OMTI brand in the late
80s.
SMS declared bankruptcy in 1988 after BofA ended their LOC. Assets were
picked up by C&T in 1989 for $16M. C&T then sold off the board business
and held onto the ASIC products. C&T made it clear that they had no
interest in the board products and intended to sell it off even before
the deal was finalized.
Your typical silicon valley slice-and-dice.
--Chuck