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News OCZ files for bankruptcy, Toshiba looks to purchase

Discussion in 'Article Discussion' started by Gareth Halfacree, 27 Nov 2013.

  1. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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  2. julianmartin

    julianmartin resident cyborg.

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  3. SchizoFrog

    SchizoFrog New Member

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    This is exactly why successful businesses diversify rather than specialise. Sure you discard certain paths to concentrate your direction but you never put all your eggs in one basket if you want to keep existing as it is only a matter of time.
    It would be interesting to find out the hierarchy situation over the last few years that led up to this, something just feels like the big boys did what they could to strip the company and line their pockets before this ultimate end.
     
  4. Griffter

    Griffter New Member

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    wow!! well maybe stop selling ur product at a ridiculous price and maybe the uptake would have been better.
     
  5. Guest-16

    Guest-16 Guest

    OCZ has value, even if their brand name is now worthless. If Tosh is able to pull out PLX, Indilinx, their marketing people (you can't deny their marketing and branding people have done an amazing job the last 10 years), and some engineering talent (OK they had lots of failure but that was due to product management + senior management) then they can definitely take it to Samsung and SK Hynix in the SSD market. Tosh Toggle NAND is great and if Tosh want to get boisterous, then OCZ has a ton of patents they could use to license (litigate) as well.
     
  6. Harlequin

    Harlequin Well-Known Member

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    indilinx controller is good now - so tosh would want that onboard and do a Samsung , awesome kit built in house.


    ocz never recovered from the entire sadfarce failures , not actually there problem (intel had similar issues at the time as well) - just the vertex 3 problems were well documented.
     
  7. Hg

    Hg The game known as life

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    Should never had stopped selling RAM.
    I always use to by OCZ Ram as it was very good stuff at good prices.
    When they moved away from RAM and into SSDs i knew this was the beginning of the end :(
     
  8. Dave Lister

    Dave Lister Member

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    Very sad, I didn't know things were that bad for them. There SSD lineup always seemed to be strong and at the time I bought my first SSD, OCZ had the best available.

    Lesson: Never trust any money lenders ! avoid loans at all costs.
     
  9. lysaer

    lysaer Suck my unit! Kirk lazarus (2008)

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    I dunno OCZ ram went down post reaper but somehow their prices went up.

    They were a great ram company but I think they got a bit to greedy

    Sent from my GT-I9505 using Tapatalk
     
  10. r3loaded

    r3loaded Well-Known Member

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    It's kinda hard to avoid financial products if you're in business and want to expand. Money's gotta come from somewhere and anyone giving you money will want to see a return from it. ;)

    Quite sad really as they were one of the few who actually did in-house controller design. The Indilinx IP and engineers are probably the most valuable part of the company right now.
     
  11. faugusztin

    faugusztin I *am* the guy with two left hands

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    Do you realize that if that loan would not happened, OCZ would have entered bankruptcy a half year ago ?
     
  12. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    Surely a better lesson is: when you borrow money (as you surely must) make sure you obey the contractual terms, or the lending party will quite rightly seek other ways of getting its money back.
     
    Last edited: 28 Nov 2013
  13. Dave Lister

    Dave Lister Member

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    @ r3loaded - Surely a company should expand by profits made.

    @faugusztin - I know they must have been fighting an uphill battle but in the end all it bought them was six months. Doesn't really seem worth it :(

    @Gareth - Good point but is it not debt that has ensured the country is a complete mess now ? So it's probably better to avoid it and save for what you need instead ? If saving for what you need is not possible then it's a damned messed up system we have !
     
  14. Corky42

    Corky42 Where's walle?

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    Saving money and not taking a loan is possible, but what happens when it takes you 10 years to save money so you can expand and your competitor borrowed the money 10 years ago expanded and has now cornered the market ?
     
  15. faugusztin

    faugusztin I *am* the guy with two left hands

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    That meant 6 more months for finding possible solutions instead of folding half year ago.
     
  16. Dave Lister

    Dave Lister Member

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    @ Corky42 - That is very true which leads me to the conclusion that it is indeed a damned messed up system we are forced to live with.

    @faugusztin - They probably should have had a big game changer plan before accepting any loaned money. I don't recall hearing anything in the news in the last 12 months let alone 6, that they had any amazing new tech coming out.
     
  17. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    The factory, tools, production line, staff and logistical support required to release an SSD in 2013 would equal several million pounds at a conservative estimate - and that doesn't include the research and development required to actually make an SSD. How exactly should A. N. Entrepreneur save up for that?

    I'd love to see any business larger than, let's say, ten people that didn't get started with a business loan and/or outside investment. It's simply not possible. Sure, I can save up for a PS4 instead of buying it on credit - but it doesn't matter how frugal I am nor how long I wait, I'll never be able to save up for a semiconductor fabrication plant. Remember, OCZ didn't just take out a loan six months ago; the company, like most others, will have had loans, investments and revolving credit facilities - like AMD's $500 million revolving line of credit - pretty much since it was founded.
     
  18. Dave Lister

    Dave Lister Member

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    @ Gareth - I agree. It's a screwed up system that needs to change, OCZ did what they could but failed :(

    I personally think they should never have bought indilinx or whoever it was because it then kind of tied them to that chipset alone. Its sort of the same mistake nokia made with buying that old OS for all there phones(I can't remember the name now) it tied them to that instead of progressing to android.
     
  19. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    If you think it needs to change, then you don't agree. How could you change it?
     
  20. Shirty

    Shirty Time travelling rogue Super Moderator

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    Nothing fundamental has changed in 4,000 years of banking, and I suspect there's a reason for that.
     

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