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OnStream runs out of steam

Files for Chapter 7

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Storage outfit OnStream has shut its doors and filed for Chapter 7 bankruptcy.

According to a recorded message on the privately owned Colorado and Dutch-based outfit's switchboard today, "OnStream has ceased operations. No further calls will be accepted".

OnStream's product line manager Scott McClure confirmed the company had stopped trading on Friday, filing for Chapter 7 for all of its business units, Macintouch.com reports.

"Thank you for the information and support you have passed on our products, and to the customers who bought this ground breaking technology," McClure added.

OnStream, a spin-off from Philips Electronics in Eindhoven, had 350 staff. ®

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