SSD Manufacturer OCZ Preparing For Bankruptcy
JDG1980 writes "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."
...and not a single customer was surprised.
>> No word yet on what a Toshiba purchase would mean in terms of warranty support for OCZ's notoriously unreliable drives
You can expect the same level of warranty service that you've always received from OCZ.
Their drives don't have a high failure rate! They're not unreliable! It was all based on a single study that showed a high return rate. That was because the morons at OCZ released them with beta level firmware that made the first batch of 3 and 4 series drives not be recognized 100% of the time by many BIOSes. I built over 50 computers with OCZ SSDs and about 40 of them had to be flashed to the latest firmware before they operated correctly. After that, zero out of 50 came back in 2 years so that means zero failed. They used 9000 write cycle flash memory instead of, for example, Kingston HyperX 3K's 3000 rating. They had an internal, firmware-based TRIM style sweep in case your OS didn't support TRIM too. They were one of the best drives out there.
Unfortunately, I hate them because they decided to "stop being competitive" and single handedly drove up the price of SSDs basically by price fixing. Their drives went up 50% in price overnight. That was such bullshit, they deserve bankruptcy.
Just wondering if it's the same company. Their memory sticks work fine, but that's a minimally profitable market with a glut of providers nowadays.
I do not fail; I succeed at finding out what does not work.
OCZ wont be missed, how much can you RMA one ITEM
I use Intel SSDs, period. I'm not a fan of Intel at all and really want AMD to succeed such that we have some compititon in the marketplace. But when it comes to SSDs Intel holds the best non-failure rate that I've found.
I've paid more but on my own personal rigs as well as every client's, I've not had any failure. And they are fast too. I mean duh, they are SSDs!
But whenever I saw OCZ I saw marketing. I mean I guess they had some good drives using reliable chips and good controllers but from what I saw it was all about the marketing. Which leads me to my post's question. How many engineers did they really have at that company that worked on things vs the amount of MBA marketeers.
In short I never saw OCZ as a serious company. They were not a Corsair or some other startup that had real desires to make good hardware. Rather they had a lot of marketing push and very little else. The level of return on their SSDs was super high and once I saw that it told me all I needed to know about them. Anyone can make some RAM and slap on some crafted aluminum heatsink onto it. Not everyone can make a SSD.
Really, I know what I'm doing...Ohhhh, look at the shiny buttons!
Had an OCZ power supply start failing with random computer crashes due to +12V bus causing dips due to load and 3 out of 4 purchased SSD OCZ Vertex 1 and Agility 1 drives failed with bad sectors and unreadable data.
I still have one of their still shrink wrapped and unpacked OCZ Vertex 1 40GB drives that nobody wanted to buy on eBay twice it was listed that I don't dare curse anyone with so it just sits in my closet. Will have to take it out of it's misery one day and shoot it or something but I certainly won't trust one bit of data to it.
Good bye OCZ! Wish I never met you!
PS: Shame on you computer review sites (AnandTech.com, TomsHardware.com, etc.) for hyping up their products and paying only lip service to the reliability issues and dissatisfied customers.
(I feel like I just posted the same thing yesterday and last month about OCZ.)
Thank GOD a couple weeks ago I RMA'd the 3rd drive that had failed in less than year. All 3 were Vertex 3 120 Gig. So at least now I have 1 that should be good for another 6 months. The support really was good with no questions asked really on all 3 drives. But what does suck is I bought 3 of them and ALL 3 DIED. I knew after the 1st one died within 60 days I was going to have issues. Over the years I had issues with Ram compatibility and I just knew the drives were going to be iffy. But they are so damn fast and the price was decent [1st one was 300 bucks, 2nd one was 220 [bought about 3 months later] and lastly the 3rd drive was just over 150 bucks] Now they sell for like 80 bucks. After the 3rd one died about 4 months ago or that I was never going to buy an OCZ drive again. I finally broke down and got an RMA after my #2 drive that was replaced about 6 months ago started tossing errors that I had better RMA the drive. Glad I did.
...their business model wasn't that solid, after all.
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Is this true, or are there more important factors to consider when choosing an SSD brand/model?
I don't know, maybe we should ask Seagate?
May be they should rename to orz
The amount the investing defaultee can expect to recover in a bankruptcy fire sale is larger than any expectations of return from your company's continued existence.
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway
they probably just want the patents and some of the staff.
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i cannot comment on their flash drives because i havent owned any but after they took over power pc and cooling the quality tanked big time.
May be they should rename to orz
Happy *IOPS*! I am *squirting happy SATA*!
Why? The reason. Orz have the drives that *dissolve* or burst into several.
*Capitalist friends* have come to Toshiba *playground*.
Why are you coming to this?
Orz are just Orz.
The Pre-OCZ designs were very solid power supplies. Would be a shame for that company to end as a result of OCZ's incompetence.
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Maybe we shouldn't, considering that they had exactly one faulty model (barracuda 7200.11), which they replaced in about six months with with 7200.12 which did not have the problem. It died in exact same way (controlled failed in a specific way). I had that drive, and it died in that exact way. It was promptly replaced by a 7200.12 that I use to this day. My parents still have a pair of seagate's 7200.7s that have been working for almost a decade under heavy RAID load. No problems. That is average seagate quality - they just tank on.
7200.11 was the one and only time that seagate had an unreliable non-matrox inherited drive with significant failure rate. Ever. OCZ has a spectacular failure rate that far exceeded even that shitty drive from seagate on average, and it has it both on their SSD drives and on their RAM when they were still selling it.
I suppose best drives I have ever had. I put the core OS on them (Linux) and store other items on a conventional HD. Fast, and reliable so far. These were from the early SSD days of OCZ. Crossing my fingers and hoping not to jinx myself.
Now OCZ ram is another story. Got one bad stick out of the box. Had two sticks of four go bad the first year. They replaced all 4 sticks in time with the next version. Apparently got their act together as those 4 sticks have been fine for a few years.
afaik they rebadged Fortrons, just like Corsair, gamerXstreme and others.
Who logs in to gdm? Not I, said the duck.
those expanded warranties they introduced to compete with Samsung came to mind. I wonder if they were being sincerely offered in the first place, or if they were just a gamble against what time they had left.
Toshitba's on my as well. I wouldn't buy parts from them if they were the only source available.
With crap hardware, crap software, and customer service second to EVERYONE (actually probably third or fourth to everyone but I'm going through a "nice" phase).
Chas - The one, the only.
THANK GOD!!!
Numbers for the latest generations have not been conclusive yet, since a lot of those are still in warranty and they could go up. There are strong indications they are in fact improving, but the statistics aren't precise enough to plot failure rates to the exact number of days or read/write actions the drives endured.
Even if they are improving, people will want to wait a while to see that this isn't a glitch, but actual improvement. OCZ will have to take a loss on their SSD drives for quite a long time to prove their reliability and have people restore their faith in them. Yes, that part is hype, but their reputation isn't based on hype.
I was promised a flying car. Where is my flying car?
I have an OCZ RevoDrive, bought early 2011, and it works like a charm. The only problems I have with it is when installing a Linux distribution from scratch, but after figuring it out once it works very well.
Maybe I'm one of the lucky few who haven't had a problem with reliability?
/ The Arrow
"How lovely you are. So lovely in my straightjacket..." - Nny
Toshiba won't improve anything. They don't have to. People expect crap and crap is what they get. They'll probably just pack an SSD case with SD cards and call it a day.
OCZ is/was a horribly managed company, but IMO one of their other core problems is/was that they arn't a flash memory (NAND) manufacturer... Difficult to compete on price when their major SSD competitors (Intel, Samsung, Crucial/Micron, SanDisk) all have their own fabs...
So often, we see companies making shoddy products manage to continue to snow customer after customer. It’s finally nice to see one actually get what they deserve. Everything I’ve ever gotten from OCZ had some kind of major problem. The only thing worse than their products was their customer service.
Mind you, MSI wasn’t any better.
Built a system in September and was looking at a number of their SSD drives. I ended up getting a MB that supported mSATA, so I went with a Mushkin instead. Glad I did now!
That said, I remember years ago there being a bit of a scandal about OCZ and their memory modules. Something about being less than honest or ethical in their dealings. Sending Reviewers one thing, shipping another for example.
I find that the comment of the OP, "OCZ's notoriously unreliable drives", not even true for me. I have a number of new and older OCZ SSD's in my computers and none of them have failed or had any error whatsoever.
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Nobody seems to talk about what will happen to the other part of OCZ - power supplies. They bought PC Power and Cooling in 2007, and still sell power supplies under that name as well as OCZ. But none of the stories I have seen say anything about their fate.
I am surprised because the hard drive market grow every day. And the SSD HD is a Secure choice if one want a stabile and nearly unbreakable drive. Strange they did not manage to hold it out further and develope the product...
This is what private equity firms like Hercules do for a living. They buy a company that is popular and shows promise, lean it up, lay off everyone possible, make the short term numbers look good, and use that to take on loads and loads of debt to pay preferred dividends, and then take the only parachute on the plane and jump off before it crashes into the side of the mountain.
I've bought tons of OCZ drives over the years. In my experience, you either get a good one, or a bad one. The good ones stay good, and the bad ones die quickly.
I've never had one fail after the warranty period was up, but I've had plenty fail within 2-3 months of purchase.
I'm not sure what their deal was, but in dealing with their support people and in general just hearing about how they operated, it sounded like they didn't actually know anything about how SSDs worked, but were just buying parts, "connecting the dots" on the schematic, and hoping for the best.
I'm not even convinced Sandforce knew how their own controller worked, until Intel figured it out for them (and had exclusivity on the fix).
I never tried any of the Indilinx drives. By the time those came around I was already soured on the reliability of OCZ products. Honestly I think they probably died because they tried too much to differentiate their products in the firmware, doing things that Sandforce probably told them would give unexpected results (like putting wait states in the state machine to slow drives down and sell them at a lower price point).
Who knows... now Toshiba can buy them and have some crappy SSDs to put in their crappy laptops.