OnStream Holdings of the
Netherlands
)
, anthem = ( en, "William of Nassau")
, image_map =
, map_caption =
, subdivision_type = Sovereign state
, subdivision_name = Kingdom of the Netherlands
, established_title = Before independence
, established_date = Spanish Netherl ...
was spun off from
Philips
Koninklijke Philips N.V. (), commonly shortened to Philips, is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, it has been mostly headquartered in Amsterdam, though the Benelux headquarters i ...
in 1998 and went
bankrupt
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ...
for a second time in 2003.
As a result of its first bankruptcy in 2001, the company was split into two parts, OnStream Data and OnStream MST. The "Data" division manufactured
magnetic tape products and the "MST" division produced the thin film tape heads. MST also produced microsieves and
microelectromechanical systems products. After the second OnStream bankruptcy in 2003, the MST division was reborn as fluXXion, a maker of high-tech filtering products. fluXXion had some success in filtering beer and other food products but went bankrupt in 2011.
Prior to the first bankruptcy, the CEO was
William B. Beierwaltes, a tape systems pioneer and founder of
Colorado Memory Systems.
The company's
magnetic tape data storage
Magnetic-tape data storage is a system for storing digital information on magnetic tape using digital recording.
Tape was an important medium for primary data storage in early computers, typically using large open reels of 7-track, later 9- ...
technology was called
Advanced Digital Recording (ADR). Tape drives based on this technology were relatively high in data capacity and low in price.
References
External links
*
Electronics companies of the Netherlands
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