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 Post subject: OCZ Is No More
 Post Posted: Fri Nov 29, 2013 3:53 am 
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Joined: Sat Sep 21, 2013 12:08 am
Posts: 59
Another one gone during the holidays. First WINAMP, now OCZ.

It's the end of an era, folks. If you've been around the PC building block awhile, you'll recall how OCZ Technology started off as an enthusiast memory maker over a decade ago. OCZ ducked out of the struggling DRAM business in January 2011 to focus on the more profitable solid state drive (SSD) market, but even that proved difficult to navigate. With no other recourse in sight, OCZ is filing for bankruptcy.

According to Reuters, OCZ said it "substantially completed" negotiations with Toshiba to sell the company's assets. Once the paperwork with Toshiba (and Hercules Technology Growth Capital Inc., one of its lenders) is completed, OCZ will file a petition for bankruptcy.

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