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DataPlay Furloughs Staff

10/09/2002 01:22:00 PM Eastern

Boulder, Colo. - Portable data storage maker DataPlay has furloughed its workforce while the company searches for additional funding to continue operations.

A spokeswoman for the company confirmed these details last week. The furlough took place during the week of Sept. 30. DataPlay expects some news on whether additional financing will be forthcoming sometime this week.

DataPlay has suffered through a string of problems, the most recent of which resulted in 50 percent of the workforce being let go in August as a belt-tightening measure. After several delays the company had finally reached the market with two licensed hardware devices from iRiver and Classic, while Imation was rolling out blank 500mb media.

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