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[Anandtech]Toshiba Acquires OCZ Assets for $35 million after bankruptcy filing. - Page 2

post #11 of 94
That was OCZ's decision to shy away from the RAM business and focus on the more "profitable" SSD business...except for their PSU lineup, they essentially put all their eggs into one basket with that decision...
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post #12 of 94
If memory serves me correct the merger/acquisition back in '07 was structured such that PC Power & Cooling became a wholly owned subsidiary of the OCZ Technology Group. If that is true, then the future of PC Power & Cooling will depend on whether or not any of their independent assets were used as collateral or other contractual obligations as party to OCZ's loan agreement with Hercules. Regardless, it's highly unlikely that PC will emerge from this unscathed.

During any merger or acquisition one company often downsizes or completely eliminates certain functional areas within their organization that are deemed duplicate functional areas. Examples of this might be finance teams, human resource teams, sourcing / purchasing teams, sales teams etc. There is no need for these functions to exist in both organizations because one of the drivers of mergers and acquisitions is streamlining the support functions - thereby resulting in (hopefully) better bottom line results. My guess is that even if PC could escape the legal quagmire, it's likely that they no longer have critical support resources integrated into their business.

This whole mess is really a shame. I remember when I first got interested in performance computing, OCZ was a name synonymous with high performance quality memory, followed later by their power supplies. Who can forget the legendary OCZ Powerstream 520W power supply from back in mid 2000? SLi certified, adjustable pots, stable power, amazing build quality etc. etc. etc.

However there's no question that the leadership over at OCZ has made fatal mistakes. Exiting the performance memory market, putting all of their "eggs" in the SSD basket, the purchase and complete destruction of PC Power & Cooling power supply business and 32M they spent buying Indilinx. Engineering and design became a joke and whats worse is that manufacturing quality tanked across the board on every product category.

I doubt this news surprises industry watchers or insiders, but a sad day none the less. Last year an internal audit team questioned the company's aggressive rebate schemes, and OCZ has had a tough time securing flash memory due to their credit problems.

OCZ shares were trading at $0.13 cents earlier on frown.gif
Edited by wevsspot - 11/27/13 at 12:37pm
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post #13 of 94
Around a year ago when my PCi-e sdd failed they only could refund me because they didn't have any working PCi-e ssd's to replace it with, pretty sure they had really bad luck with those drives...
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post #14 of 94
ocz hardware easy rma's all the time
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post #15 of 94
i have one 128 gig SSD from them, still working good......for now
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post #16 of 94
This is kinda sad to hear for me. I know a lot of people had bad luck with OCZ but I had a great experience with the products that I owned. I have owned their RAM, PSU's, and 2 of their SSD's. Never had any trouble with them. I had actually been on the phone with them when building my first ever rig and they were giving me some tips on it. Not too long ago I had sleeved my OCZ psu's cables and when I went to sell it I didn't want to make someone buy sleeved cables. So I bought new ones and ended up on the phone with them again. Not a problem with anything, extremely friendly customer support in my case. They got everything shipped out fast and packed well. Still sucks to hear about all the bad experiences people have had with them though.
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post #17 of 94
 
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post #18 of 94

This is sad news. There are a lot of great people at OCZ :( I hope things go well for the company as a whole and the people involved.

post #19 of 94
I've only had one experience with OCZ hardware failing and technically it wasn't me. I ebayed a set of OCZ memory and when the buyer got it he couldn't get them to work. I apologized profusely but before I offered a refund I asked OCZ if they would replace them and they sent the buyer four new sticks. Needless to say I got positive feed back from the person. They were pretty happy.

I will miss them...if nothing else I've always thought the name "OCZ" just sounded cool.
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post #20 of 94
Well this sucks, hopefully the cheap refurbished Vertex 2's I just put in 5 of my clients machines don't have any issues. Hopefully the employees find jobs at other companies and can put their expertise to use for them.
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