Despite announcing laying off as many as 10,000 employees last week, Lucent is hiring. The company believes it will employ up to 100 people at InPhase Technologies, its new spin-off company.
According to Lucent, the new company will develop high-performance holographic data storage media and systems with the potential to speed the evolution of entertainment, consumer products and information technology industries. InPhase Technologies will design holographic systems that combine high storage density with high-speed access and fast parallel transfer rates. The venture's holographic products could vastly improve the performance of video, Internet, data warehousing and games applications, which demand ever-increasing performance of storage systems.
"For Internet applications alone, industry estimates are that storage needs are doubling every 100 days. We believe that the exceptional benefits of InPhase's technology will be welcome in many business and consumer markets," said Nelson Diaz, president and chief executive officer of InPhase, in a statement.
Diaz knows something about data storage. Before joining InPhase, Diaz was vice president and general manager for StorageTek, a multibillion-dollar storage technology company based in Lafayette, Colo. The 25,000-square-foot InPhase facility is based in Longmont, Colo.