This article is from the storage FAQ part1, by Rodney D. Van Meter with numerous contributions by others.
Big splash and a bunch of announcements March '97. Apparently they've developed a technique for putting the laser optics for a magneto-optical drive onto the slider for a regular magnetic head, giving better density to MO products. Company's still young and needs lots of people, but it's experienced storage guys. I think their suggestion that they'll have products in early '98 is probably optimistic. See http://www.terastor.com. (rdv,97/3/18)