Last week, Patch ran a story about how the Redwood City-based virtualization company Pano Logic had seemingly disappeared into thin air overnight.
Less than a week after issuing a press release that the company had landed a huge new account with one of Alabama's largest credit unions, the company quietly shut down, clearing out its local offices, shutting down its main phone number and stripping its website of executive contact lists.
Tuesday, a media consultant who says she is assisting Pano Logic CEO John Kish contacted Patch, seeking to squash rumors that many people are posting on the company's Facebook page, some of which Patch printed in its initial article.
For example, Patch quoted one Facebook user that speculated that Kish had, essentially, shut down the company suddenly overnight after computer giant Dell issued a cease-and-desist letter to Pano over alleged intellectual property theft, and that Kish had then "run off with [customers'] money."
Some also spoke of how they believed Kish had founded Pano after leaving Wyse, which Dell later acquired.
Fatima Khan, the media consultant, pointed Patch in the direction of an article by the Silicon Valley/San Jose Business Journal that countered that rumor and stated that representatives from Dell Wyse said they have sent no such letter to Pano Logic.
However, when asked if Kish would like to make a statement as to why Pano Logic suddenly and without explanation shut down last week, Khan said no such statement could be made at this time.
Khan also said, "John joined Pano Logic a year after the company was already selling its products. Clearly, he was never a part of creating the technology," in response to speculation by Facebook posters that Kish left Wyse with the idea for its workstations that can run virtually in the cloud without needing common computer hardware like processors or hard drives, and then started competitor Pano Logic.
Furthermore, Khan said, "All other rumors about John [that Patch quotes] in the article are unfounded, and aren't even coming from anyone associated with Pano Logic."
Patch will continue to update this story if and when more information becomes available.
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