New storage start-up hit the jackpot

The unusual move by start-up C3D to stage a public demonstration of its revolutionary data storage technology in the heart of Silicon Valley last week is paying off huge dividends for the company and its shareholders. C3D’s shares have risen more than $20 in the past week to $54 on Tuesday. In April, the shares were worth $1.50. C3D claims its new multi-layer disc storage technology allows a single Read-Only disk store up to 140 gigabytes of material, enough for 30 two-hour movies.

The C3D disks contain up to 20 layers in which data can be stored. DVDs, by comparison use a two-layer system that can hold 4.7 gigabytes. C3D decided to make the public announcement in Silicon Valley to attract the attention of some of the area’s disk drive industry leaders such as Seagate, Maxtor, IBMand Quantum. Other companies that may be interested include Hewlett-Packard, Sony and Hitachi Representatives from IBM, Dell and Apple Computer also attended the demonstration.