Sunday, May 24, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Daimler and Qualcomm To Collborate On Connected Car Technologies
Microsoft, Salesforce Talks Stall On Pricing: report
Apple Posts Photo Of New iPhone
New ASRock Rack Motherboard Has 24 DDR4 Slots
BlackBerry Cuts Jobs Worldwide
Upcoming Video Cards Form AMD and Nvidia Appear Online
YouTube's Music Key Service Pushed Back For September 2015
Factory Resetting Your Android Phone Does Not Delete Everything
Active Discussions
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > OCZ Tec...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, January 12, 2011
OCZ Technology Discontinues Memory Module Business


OCZ technology has officially announced that it would discontinue its DRAM module products by the end of February 28.

The announcement follows the company's move to discontinue certain unprofitable commodity memory module products last August, with the intent to continue only with certain high-performance memory products. However, since that time, there has been continued weakness in the global DRAM markets. As a result, the company will withdraw from memory module market completely.

"Having balanced this DRAM market weakness against the capital needs of the Company's growing SSD products, the board has determined that it is in the best interests of the stockholders to accelerate plans to discontinue its remaining DRAM module products by the end of its current fiscal year of February 28, 2011. Accordingly, our DRAM products are now expected to have minimal, if any, sales in the next fiscal year and beyond," OCZ said in a statement.

Revenue generated from OCZ's Solid State Drive products for the third fiscal quarter more than doubled on a sequential basis, according to Ryan Petersen, Chief Executive Officer of OCZ Technology. "SSD revenue accounted for 78% of our revenue and just by itself exceeds our historical quarterly revenue totals across all categories, thus reinforcing our decision to discontinue our remaining DRAM products."

Mr. Petersen concluded, "We have focused on building the OEM and enterprise segments of our business, and last month we announced a mass production order from a Tier 1 OEM for our enterprise class SSDs, reflecting the reliability, speed and total cost of ownership solid state drives provide over traditional mechanical hard drives. We believe the market opportunity for SSDs is significant, and to that end, we will continue to invest in research and development to extend our leadership position. We also plan to increase our sales and marketing efforts in order to facilitate continued revenue growth and increased market share as SSDs gain adoption in all segments."

The company plans to focus on Solid State Drive products as well as on building the OEM and enterprise segments of its business. The company will also continue to ship products for enthusiasts, such as flash media or PSUs.

OCZ will continue to fully support its memory modules and will even launch a number of new memory modules that have been in the short-term plans, such as the Fatal1ty launch alongside partners for the new Fatal1ty branded Sandy Bridge motherboard platform from Asrock and some XMP parts with Intel.


Previous
Next
Microsoft Previews Next-Generation ERP        All News        Google Drops Chrome's H.264 Support in Favor Of WebM
PC Market Records Modest Gains in Q4 2010     PC Parts News      SAPPHIRE Adds Muscle to Mainboard Line

Get RSS feed Easy Print E-Mail this Message

Related News
New OCZ Z-Drive 6000 Enterprise PCIe SSD Series Come With NVMe Support
Corsair Releases 128GB DDR4 Unbuffered Memory Kits
G.SKILL Ripjaws 4 Series DDR4 Runs At 3666MHz
HyperX 128GB DDR4 Memory Kit Reaches The 3GHz Speed
GeIL's Latest DDR4 SUPER LUCE Memory 'Breathes'
New DDR4 128GB Memory Kit Is Clocked At 2800MHz
OCZ Adds 2 TB Variant To Its Intrepid 3000 Enterprise SSD Series
OCZ Vector 180 SSD And New SSD Guru Management Tool Released
Corsair Releases Dominator Platinum DDR4 3400MHz Memory
OCZ Storage Solutions Addresses Enterprise and Consumer Solid State Drive Market at CeBIT
Kingston DDR4 SO-DIMMsValidated For Intel Xeon Processor D-1500 Product Family
HyperX Releases FURY And High-capacity Predator DDR4 Kits

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .