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
