Thursday, October 30, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
YouTube Now Supports 60fps Videos
Samsung Brings Gear S to U.S. Next Week
Corsair Introduces Sabre RGB Mice For Gamers
Ubisoft's Assassin's Creed Unity Included with Purchase of Samsung UD590 Monitor or 850 PRO Series SSD
Apple's Tim Cook Declares His Sexual Orientation
Motorola Becomes Part Of Lenovo
US Film Industry Wants To Ban Smartwatches And Smart Glasses From Theaters
MSI Releases The X99S MPower Motherboard
Active Discussions
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Questions durability monitor LCD
 Home > News > PC Parts > OCZ Tap...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, November 29, 2012
OCZ Taps More NAND Suppliers, Seeks For Cash


OCZ Technology Group is back on track as it has managed to source NAND memory from multiple vendors after a recent supply shortage.

The SSD maker had faced NAND supply issues, since it has been reliant on a single supplier. This forced the company to issue a warning last September that it expected second-quarter revenue to be below its prior forecast.

Speaking to Reuters, OCZ CEO Ralph Schmitt said that the company is currently not facing supply issues, as it has diversified to multiple suppliers.

However, the company is still expecting a "significant" loss in its second quarter due to issues in its customer incentive programs, and also delayed filing the results.

Last week, OCZ was informed that it was being investigated by the Securities and Exchange Commission because of the delayed results.

Schmitt said that OCZ has been in talks with "interested parties" in order to secure investments and additional capital flow.

He did not confirm earlier rumors that rival Seagate Technology Plc and Micron Technology had made takeover offers for OCZ, adding that a possible sale of the company is not an option, at least for now.

Obviously, OCZ cannot make significant profit out of its SSD products as its main competitors - Micron Technology, Intel and Samsung electronics - are all makers of NAND chips.

OCZ has already outined a cash-saving plan, in which the company will scrap about 150 mostly lower-end products. OCZ will also slash its workforce by about 28 percent.

OCZ's future plan will be based on profitability and not topline growth alone, Schmitt said.

"I'll say that we've got the train back on the track," Schmitt said, referring to an analyst's description of the company as a "train wreck."


Previous
Next
Surface with Windows 8 Pro Tablet Coming In January For $899 and $999        All News        Cisco Intent to Buy Cariden
Surface with Windows 8 Pro Tablet Coming In January For $899 and $999     PC Parts News      NPD Says PC Sales Got No Boost From Windows 8

Get RSS feed Easy Print E-Mail this Message

Related News
OCZ Releases The More Affordable ARC 100 SSD Series
OCZ Storage Solutions Launches New ZD-XL SQL Accelerator
OCZ Vector 180 SSD Appears At Computex
OCZ Storage Solutions Unveils Latest Vector SSD at Computex 2014
OCZ and Panorama Software To Offer Real-time Big Data Analytics
OCZ Launches the RevoDrive 350 PCIe SSD
OCZ Storage Solutions Addresses Big Data at CeBIT 2014
OCZ Launches New Z-Drive 4500 PCIe SSD Series with Windows Accelerator Software
FirePower Buys Power Supply Assets of OCZ
OCZ To Sell Its PSU Business, Will Honor Warranties To Latest SSDs
OCZ Storage Solutions Releases New Vertex 460 SSD Series
Court OKs Acquisition Of OCZ's SSD Assets By Toshiba

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .