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OCZ files for bankruptcy - Toshiba offers to buy the assets


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#1 MightyJordan

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Posted 27 November 2013 - 20:34

 

OCZ has just issued a press release announcing their filing for bankruptcy, which was expected since Nasdaq had halted the trading of OCZ stock earlier today. OCZ has had financial issues for quite a long time and it was just a matter of time before the inevitable happened. While OCZ did try to change its course by reforming their product portfolio when Ryan Petersen, the former CEO of OCZ, stepped down, it seems that the efforts weren't enough to make the business profitable.

 
OCZ leaves behind a noticeable amount of assets, most importantly its engineering teams in California, South Korea and Great Britain thanks to the prior acquisitions of PLX and Indilinx. Toshiba has already offered to buy OCZ's assets but currently there is no certainty on whether the deal will be completed. Toshiba's offer is, as expected, subject to various conditions such as retention of the employees because it obviously makes no sense to buy the assets unless Toshiba also gets the immaterial capital that is integrated into the employees. We'll have to wait and see how the deal turns out but at this point I recommend not buying any OCZ products because there is no guarantee that warranties will be honored.
 
It's sad to see OCZ going because they've been one of the pioneers in the consumer SSD industry. They were one of the most active companies when we started to see the first consumer SSDs in 2008/2009 but OCZ lost a ton of sales once Samsung and other major OEMs began to take the consumer SSD market seriously. It's hard to say what ultimately killed OCZ without knowing their exact cost structure but I believe it was a combination of bad strategy (too many products and high production volumes) and engineering choices (low reliability) along with other things. 
 
What happens to OCZ now depends on the completion of the Toshiba deal. Even if Toshiba completes the purchase of OCZ's assets, I doubt we'll see the OCZ brand anymore. OCZ's brand image took a hit with the low reliability, so I doubt Toshiba will see the OCZ brand adding any value to its products. I do hope that the deal goes through because OCZ's Indilinx Barefoot 3 platform has a lot of potential and it would be lamentable to see all that hard work to be flushed down the toilet.

Source: Nasdaq

http://www.anandtech...-buy-the-assets




#2 fusi0n

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Posted 27 November 2013 - 20:36

Not surprised.. About 2 out of 10 SSDs I would put in our laptops at work would die within a week.. 



#3 Sem XL

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Posted 27 November 2013 - 20:43

Sandforce killed OCZ imo

 

dont know why sandforce doesn't get any stick for the whole mess everyone seems to blame OCZ but it wasnt entirely their fault other manufactures who used sandforce controllers had problems too

 

even intel



#4 Roger H.

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Posted 27 November 2013 - 20:52

Got a 120GB SSD for $50 or so which i stuck in my MicroServer just for the OS. Don't need more than that. As long as it keeps on trucking for at least a few years (2-3 would be good) then i wont care much about this. My Kingston SSD has been beaten for the past 3yrs too and still keeps on trucking as well.

#5 B0mberman

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Posted 27 November 2013 - 20:58

so glad I never go their ssd's... sad tho. RIP



#6 +Brando212

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Posted 27 November 2013 - 21:28

sad

 

their Vertex 4 SSDs are excellent



#7 Javik

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Posted 27 November 2013 - 21:32

Shame, their drives got a lot better once they started using Indilinx Barefoot controllers.



#8 MorganX

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Posted 27 November 2013 - 21:34

Not surprised.. About 2 out of 10 SSDs I would put in our laptops at work would die within a week.. 

 

That has been my experience as well. Samsung 840 Pro and now EVO! If I give up 1G of system RAM the EVO goes Read Crazy, lol.

 

Having said that, if I find a Vector on a fire sale I might just take a risk.



#9 +Chicane-UK

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Posted 27 November 2013 - 21:38

I had an OCZ Agility III and it was a superb SSD - really surprised by this! :( 



#10 ]SK[

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Posted 27 November 2013 - 21:42

I had an OCZ Agility III and it was a superb SSD - really surprised by this! :(

 

Using one now. Been a great drive for the time I have had it.



#11 Astra.Xtreme

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Posted 27 November 2013 - 21:43

Sandforce killed OCZ imo

 

dont know why sandforce doesn't get any stick for the whole mess everyone seems to blame OCZ but it wasnt entirely their fault other manufactures who used sandforce controllers had problems too

 

even intel

This exactly.  The Vertex 2 was horribly plagued with issues that rooted from the Sandforce controller, and they were forced to honor a lot of warranties.  It wasn't ridiculous, but something like 5% failures, which isn't good.

 

I'm sad to see them go since I've used only their drives since the first Vertex.  Never had a single failure and the performance has been top notch.  The Vertex 4 and Vector are arguably the fastest SSDs on the market (yep even above the 840 Pro).

 

Hopefully Samsung doesn't raise their prices out the roof since they really won't have any competition anymore.



#12 +Chicane-UK

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Posted 27 November 2013 - 21:49

Using one now. Been a great drive for the time I have had it.

 

Likewise - only sold mine due to jumping from PC to a Macintosh, but I had zero problems with my OCZ SSD and it absolutely flew! 



#13 vetRadishTM

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Posted 27 November 2013 - 21:51

Not surprised.



#14 n_K

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Posted 27 November 2013 - 21:53

So... Everyones warranty just expired?



#15 primexx

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Posted 27 November 2013 - 22:04

I still have OCZ RAM that I got just before they discontinued it. But their SSDs never were marketed on reliability so meh.