Micropolis calls in the liquidators

Storage manufacturer Micropolis has called in the liquidators. Coopers and Lybrand has been appointed administrator while in the US the company has filed for Chapter 11, with parent company Singapore Technologies retaining the storage products.

All Micropolis staff have been sent home and no phone calls are being answered. In the UK when the Micropolis number is called there is a BT message saying the number is now "invalid," while in the US there is a voice message explaining the company's predicament.

Micropolis has been in trouble before and was bought by Singapore Technologies in March last year. The company said it would concentrate its storage products on mid-range and low-end workstations, effectively ditching its high-end strategy in one fell swoop - a move which may have lead to its downfall.