Bankrupt OCZ Sells Assets to Toshiba for $35 Million

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methuselah

Oh how the mighty have fallen...

Remember when OCZ made the fastest SSD drives out there?

I salute you OCZ!
Enjoy your legacy, also shared with 3DFX and (the old) Napster! R.I.P

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joeyjr

If this was a crime it will happen again. PC Power and Cooling was worth that alone. IMO

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anusbreath

Holy stank-a-moly, I had no friggin idea OCZ was a tiny mom-n-pop shop run out of a basement. 35 million pissant dollars for a worldwide memory manufacturer/distributor. I thought you'd have to be at least a half-billion dollar company to pull that off. That's mudder chucking hilarious.

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d3v

They were a marketing company with no manufacturing facilities of their own.

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LakeErieWater

Sounds like a steal for Toshiba. Hope they honor all warranties. I loved OCZ products until I had to RMA a 1.5 year old Vertex 3 a couple weeks ago. Their price to performance ratio seemed unmatched for a while.

I also hope Toshiba makes an attempt limit the job losses in the process.

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FrancesTheMute

I'm curious as to what will happen to PC Power and Cooling, as they were bought by OCZ a few years back. I'm still a big fan of their PSU's, hope that Toshiba will let them carry on.

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vrmlbasic

Feels like I was just reading that OCZ was gimped in the SSD world as it didn't have access to its own NAND production. :)

If Toshiba assimilates them under the Toshiba brand then perhaps that will be a good thing for OCZ as they still have a "social stigma" because all the blame & hate that should have gone to SandForce went to them. Every last drop of it.

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Innomasta

Imagine if Toshiba could use this acquisition to move themselves up the SSD ladder next to Samsung? Will we start seeing Toshiba branded PSU's too? I'm curious to see how this turns out!

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jphoto

"OCZ scores big with a relatively low investment."

Huh? Would that not be Toshiba scoring big? OCZ isn't making an investment by selling themselves off.

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Paul_Lilly

Ah, good catch. That is supposed to say "Toshiba." Fixed.

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strykyr

While showing absolutely no signs of dying, I just bought my OCZ Agility 4 back in April. How does this affect my warranty?.

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joshnorem

It's still a bit unclear how this will all shake out. Reportedly OCZ is honoring warranties still, but that's probably only possible if it remains as an entity. At this stage of the game we're not sure if they will still be around after the deal goes through or whether or not Toshiba will absorb everything.