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Industry: Email Alert RSS FeedAl Shugart Starts Venture Investments With Blue Sky
Computergram International, Nov 20, 1998
Blue Sky Research Inc, a San Jose, California-based optical storage components maker, has won a $500,000 investment from Al Shugart International, the new venture fund set up in Soquel, California by the disk drive pioneer. Shugart was ousted from the company he founded, Seagate Technology Inc, back in July (CI No 3,457).
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Blue Sky, formed in 1992, has built up a business modifying laser diodes to work more efficiently for optical storage applications using its Microlens optics technology. Blue Sky is currently putting together a new round of venture funding - of which the Shugart investment is a part -to fund the shift of its technology into high-volume mass markets now that product costs have now shrunk down to realistic levels. ASI is said to have up to $100m to invest in technology companies.
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