As OCZ runs out of options (and money), the company may opt to sell off various assets.
The past six months or so have been tumultuous for OCZ Technology, a company that analysts expected might sell itself after its founder and then-chief, Ryan Petersen, abruptly left. Instead, OCZ hired a new CEO who vowed to address credibility problems and turn things around, which unfortunately entailed sacking 28 percent of its staff and dropping 150 product lines. Where does OCZ stand today? In need of cash and running out of options.
OCZ's newest power supplies are 80 Plus Gold certified.
OCZ on Monday announced that it has added 750W and 850W power supply models to its Silencer Mk III Series under the company's PC Power & Cooling brand. There are now half a dozen models to choose from in the Silencer Mk III Series, including 400W, 500W, 600W, 750W, 850W, and 1200W, all of which feature some form of 80 Plus certification (from Bronze on up to Platinum, depending on the specific model).
OCZ Technology fans have had cause for concern lately. Earlier this month, the former memory maker turned solid state drive player sacked 28 percent of its staff and discontinued 150 product variations. The restructuring effort was put into place by OCZ's recently appointed chief, Ralph Schmitt, who was appointed to replace former CEO and founder Ryan Petersen. At the time, Schmitt admitted OCZ had "lost credibility," but going forward, he seems to have a plan to turn things around.
OCZ Technology recently appointed a new chief to address a credibility problem and save what looked like a sinking ship, and in order to that, company CEO Ralph Schmitt has had to make some tough, "aggressive" decisions. Among them is the reduction of 28 percent of OCZ's global workforce and a discontinuation of 150 product variations, both of which were described as "initial steps to make its business more efficient and profitable."
It's difficult to get a pulse on what's going on at OCZ Technology, though the fact that it still has one is at least a little bit encouraging. What investors didn't find encouraging is OCZ's warning that its customer incentive program will result in a "significant" quarterly loss and "materially lower" revenue than what was previously forecast. On the bright side, there's a new chief in town, and he doesn't seem much into sugar coating the situation.
There's been quite the shakeup in Silicon Valley this week. After learning that AMD's CFO Thomas Seifert has resigned to pursue other opportunities, we now find out that OCZ Technology's head honcho and founder, Ryan Petersen, has stepped down as CEO, effective immediately. Executive Vice President and Chief Marketing Officer, Alex Mei, is taking Petersen's place on an interim basis, but the question OCZ faces is whether it would be better off finding new management or selling its operations.
Here's an interesting tidbit for those Maximum PC readers who were wondering why the two biggest players in mechanical hard drives have yet to seriously jump into the SSD waters: OCZ's shares are currently spiking after insider rumors claimed that Seagate and Micron are considering buying out the company.
Another week, another new SSD offering from OCZ. (Don't those guys ever take a break?) A couple of months after introducing its new Indilinx Everest 2 controller in the Vertex 4, OCZ's bringing its baby to the Agility line. The OCZ Agility 4 is being billed as a low-cost SATA 3.0 SSD solution, and the company claims that the low cost makes it an ideal solution for consumer-y uses such as "mainstream entertainment, gaming, and mobile storage applications."
Thin is in, as it pertains to the tech world, and the current trend is towards increasingly skinny devices. Just take one look at the Ultrabook frenzy, including similar devices that don't carry Intel's official Ultrabook label, but are just as flat and portable nonetheless. Catering to this crowd of thin and light machine owners is OCZ, which is rolling out a line of low profile Vertex 3 solid state drives.
One of the big knocks against SSDs is that they simply don't have the same storage capacities as traditional mechanical HDDs. Well, that argument's about to fly out the window: OCZ is finally making good on its promise to deliver a 1TB SSD as part of its 2.5-inch Octane lineup.