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[TT] OCZ served a subpoena by SEC who is conducting an investigation into the company

post #1 of 54
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Quote:
OCZ is in a bit of hot water right now after its earnings were delayed and quite a bit lower than expectations. Many investors have filed lawsuits alleging that the company broke the law in financial reporting. Theories as to why they did this run the gamut, but most settle on the idea they were looking to be acquired.
This doesn't sound like good news at all frown.gif

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post #2 of 54
eh... their customer service is bad and their products have an atrociously high death rate. Maybe they deserve it?
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post #3 of 54
Quote:
Originally Posted by nbmjhk6 View Post

eh... their customer service is bad and their products have an atrociously high death rate. Maybe they deserve it?

Owned 3 SSDS of theirs, all still work fine. Lots of people jump on the bandwagon with no experience on the products. OCZ will be my next brand for an upgrade.
post #4 of 54
Be a shame if this sinks them while they have put out some cr@p in the past they currently have a decent range of well priced PSU's (ZS series) and a decent range of affordable SSD's
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post #5 of 54
I wonder if anyone actually read the article.
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post #6 of 54
Quote:
Originally Posted by Newbie2009 View Post

Owned 3 SSDS of theirs, all still work fine. Lots of people jump on the bandwagon with no experience on the products. OCZ will be my next brand for an upgrade.

3 SSD's are not statistically significant sample size. With, say, 10% failure rate during warranty period you would still have ~73% probability that none of your drives fails during warranty period. A 10% failure rate would be, however, quite significant. That is without saying anything about their failure rates - dont know anything about that and dont own any of their drives.
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post #7 of 54
Quote:
Originally Posted by DoktorCreepy View Post

I wonder if anyone actually read the article.

I did, sounds like some of the common last ditch stuff that happens when a company is about to smash into the ground
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post #8 of 54
Quote:
Originally Posted by Carniflex View Post

3 SSD's are not statistically significant sample size. With, say, 10% failure rate during warranty period you would still have ~73% probability that none of your drives fails during warranty period. A 10% failure rate would be, however, quite significant. That is without saying anything about their failure rates - dont know anything about that and dont own any of their drives.

Yeah I know what you mean, but there always seems to be a media website or some other group bashing OCZ for being a terrible company, I have not seen customers going crazy about it.

Heck I notice a lot more brands being bashed by customers on here for poor customer service of DOA products, but OCZ always seems to be in the media spotlight as being terrible with less complaints on here.....
post #9 of 54
Quote:
Originally Posted by Newbie2009 View Post

Yeah I know what you mean, but there always seems to be a media website or some other group bashing OCZ for being a terrible company, I have not seen customers going crazy about it.
Heck I notice a lot more brands being bashed by customers on here for poor customer service of DOA products, but OCZ always seems to be in the media spotlight as being terrible with less complaints on here.....

I blame These guys for spreading the lies.
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post #10 of 54
Quote:
Originally Posted by Newbie2009 View Post

Owned 3 SSDS of theirs, all still work fine. Lots of people jump on the bandwagon with no experience on the products. OCZ will be my next brand for an upgrade.
Well Ill give you experience then, helped out a freind for 6 months, working in a computer store building machines for customers(something I have done for 10years of my life),
never have I seen so many DOAs in my life, granted it was only the fuel series(patrol and octane),
one computer I had to switch ssds 3 times until one worked, I will never own a OCZ product.
Edited by psycow - 11/22/12 at 3:24am
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