SSD Manufacturer OCZ Preparing For Bankruptcy

Tagged: Business, OCZ, SSD, Computer Hardware, Technology
Source: Slashdot - Read the full article
Posted: 19 weeks 6 days ago

"OCZ, a manufacturer of solid-state drives, says it will file for bankruptcy. This move is being forced by Hercules Technology Growth Capital, which had lent $30 million to OCZ under terms that were later breached. The most likely outcome of this bankruptcy is that OCZ's assets (including the Indilinx controller IP) will be purchased by Toshiba. If this deal falls through, the company will be liquidated. No word yet on what a Toshiba purchase would mean in terms of warranty support for OCZ's notoriously unreliable drives."

 

Comments

Razear
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Joined: 12/30/2008
Posts: 1105

I have OCZ RAM in my main rig. Hoping they'll stay around and my warranty doesn't go poop like my BFG warranty did.

Tivon
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Joined: 04/26/2002
Posts: 1833

I hope OCZ can come back from this setback.

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