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SSD Manufacturer OCZ Preparing For Bankruptcy

Posted by Soulskill on from the all-about-the-benjamins dept.

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."

3 of 182 comments (clear)

  1. Warranties by Anne_Nonymous · · Score: 5, Funny

    >> 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.

  2. Nnnnnggggaaaahhhhh!!!!!! It is *dancing*!!!! by Guppy · · Score: 3, Funny

    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.

  3. Re:Don't worry by Wootery · · Score: 3, Funny

    and some of the staff

    Relevant Dilbert strip.