OnStor & the resurrection of the storage companies
OnStor, a Campbell, Calif. company offering data storage for large companies, is the latest hoping to exploit a turn in fortunes in this once-dead sector. It has just gotten $27 million in more funding from venture capitalists who now have pumped $105 million into the seven-year-old company.
Storage companies are once again filing to public, despite very questionable fundamentals for many of them — but their private investors see a window of opportunity to finally get… Continue Reading