Friday, October 24, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HP Broadens Moonshot Portfolio With Intel-powered Models
Microsoft To Keep Nokia Brand For Low-end Smartphones
LG Introduces Its First Octa-Core Application Processor
Cloud and Surface 3 Drive Microsoft's Revenue
Micron Urges Investors To Reject TRC Capital's Unsolicited Tender Offer
Facebook Returns To Chat Roots With Rooms App
Sony SmartWatch 3 And LG G Watch R Are Rolling Out With Updated Android Wear Software
New Nvidia Driver Enable DSR On Older Graphics Cards
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 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
Samsung Mass Produces 8-Gigabit DDR4 Based on 20 Nanometer Process Technology
Samsung Now Mass Producing 20-Nanometer 6Gb LPDDR3 Mobile DRAM
Crucial Ballistix Sport DDR4 Desktop Memory And DDR4 Server Memory Released
Samsung Starts Mass Production Of First 3D TSV DDR4 Modules
JEDEC Releases LPDDR4 Standard
G.Skill Ripjaws DDR4 Will Be Available Up to DDR4-3200
OCZ Releases The More Affordable ARC 100 SSD Series
ADATA Launches XPG V3 DDR3 Memory For Overclockers
OCZ Storage Solutions Launches New ZD-XL SQL Accelerator
Micron Announces Monolithic 8Gb DDR3 SDRAM
Mobile Device Growth Drives Memory and Storage Industry Development
OCZ Vector 180 SSD Appears At Computex

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .