Tuesday, October 25, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Raises 3rd Quarter Lobbying But Spending Falls Behind AT&T
Kingston Ships the HyperX Alloy FPS Gaming Keyboard
Portrait Mode Available on iPhone 7 Plus With iOS 10.1
Android Devices Vulnerable To Physical RAM Attack
Nokia Phones To Reborn In India Next Year, Hon Hai to Manufacture Them
New Lenovo Systems Commercial Desktops and Notebooks Are Featuring 7th Generation AMD PRO Processors
Apple Watch Nike+ Arrives Friday, October 28
These Are The New Xbox One S Bundles For This Holiday
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
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.

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 Rolls Out First 10nm 8GB LPDDR4 DRAM Package
CORSAIR Launches DOMINATOR PLATINUM Special Edition DDR4 Memory
Toshiba Introduces the Value-oriented OCZ TL100 SATA SSD Series
Toshiba Introduces the OCZ VX500 SATA SSD Series
Corsair Vengeance LED Performance Memory Lights Up DDR4
Kingston Releases the HyperX Predator Refresh DDR4 Series
OCZ RD400 NVMe SSD Series Released
Crucial Releases New Ballistix Sport LT DDR4 SODIMMs
GDDR5X Memory Now In Mass Production
Crucial Announces 32GB DDR4 16Gb-based VLP RDIMM and 64GB DDR4 16Gb-based LRDIMM Server Memory
Samsung Starts Mass Producing First 10-Nanometer Class DRAM
G.SKILL Ripjaws DDR4-3000MHz CL16 32GB 1.2V SO-DIMM Coming This Month

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .