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."

Comments

Re:STILL not accurate and STILL misquoted

[Anonymous Coward]

I must have gotten some of the messed up drives you were supposed to. I bought 3 OCZ SSDs. All three different sizes, each purchased a few weeks apart. Within a year, and fairly close in time, all three died. Died as in DEAD, with no warning or indications of a problem. Not recognized by BIOS, not flashable, one smelled like burnt electronics, DEAD. OCZ happily replaced all of them. But I figured...this is either an unlikely coincidence or their drives suck. Rather than figure out the answer to that, I bought Crucial and Intel SSDs and all have been running for more than twice as long as the OCZ SSDs with no issues.