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Technology / AI and automation

VERMONT RESEARCH TOTTERS

Drum and disk memory maker Vermont Research Corp, North Springfield, Vermont says that in light of poor response from customer sampling of its new 7030 Winchester and limited working capital, it has had to make an immediate substantial reduction in its workforce, retaining only those needed to preserve the company’s assets and technology and to continue sales effort with potential customers. If it can’t raise further funding, find an acquisition partner or sell some businesses such as its UK subsidiary within 60 days, it says it will have to consider the alternative of terminating all business and putting the comp.lh 6 any into an orderly liquidation.

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CBR Staff Writer

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