Friday, January 30, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Reports Increased Profit
Facebook Introduces Place Tips in News Feed
AMD Cuts Prices Of Radeon Graphics Card To Cash On GTX 970 Memory Furor
HyperX Sets DDR4 Overclocking Record
Intel 5th Generation vPro Processors Released
Mobile Provider TracFone to Pay $40 Million to Settle FTC Charges
Intel Releases New 20nm SSDs For Data Centers
Microsoft Brings Office To iOS and Android Devices
Active Discussions
Writing Audio files on DVDs ?
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
full screen wide screen
Hi
 Home > News > PC Parts > Deutsch...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, August 13, 2013
Deutsche Bank to Review OCZ's Strategic Options


OCZ Technology Group Inc. has retained Deutsche Bank AG to help evaluate strategic alternatives.

The company will amend a loan agreement with Hercules Technology Growth Capital Inc. because it didn?t meet certain financial requirements, OCZ said today in a statement.

Under an amended agreement with Hercules, approximately 3.9 million warrants will be canceled, OCZ said. The loan will now be payable on June 1, 2014, and will include a fee of $6.5 million. OCZ also said it raised $13 million in a private placement of senior secured convertible debt and warrants.

OCZ has struggled to bolster revenue amid a shortage of memory chips used in its products, and last year disclosed an investigation by the U.S. Securities and Exchange Commission of a customer-incentive program that forced the company to put off reporting quarterly results. The company said in July that it expected to become current with its SEC filings by the end of this month.


Previous
Next
HGST, Seagate, Toshiba and WD Form New Storage Products New Group        All News        BlackBerry 9720 Smartphone Gets Official
HGST, Seagate, Toshiba and WD Form New Storage Products New Group     PC Parts News      OCZ To Showcase Its Flash-Based Enterprise Storage Solutions at Flash Memory Summit 2013

Get RSS feed Easy Print E-Mail this Message

Related News
OCZ to Unveil New JetExpress SSD Controller at CES 2015
OCZ Introduces New Saber 1000 Series SATA SSDs For Enterprises
New OCZ Vertex 460A Comes Armed With 19nm NAND
OCZ Releases The More Affordable ARC 100 SSD Series
OCZ Storage Solutions Launches New ZD-XL SQL Accelerator
OCZ Vector 180 SSD Appears At Computex
OCZ Storage Solutions Unveils Latest Vector SSD at Computex 2014
OCZ and Panorama Software To Offer Real-time Big Data Analytics
OCZ Launches the RevoDrive 350 PCIe SSD
OCZ Storage Solutions Addresses Big Data at CeBIT 2014
OCZ Launches New Z-Drive 4500 PCIe SSD Series with Windows Accelerator Software
FirePower Buys Power Supply Assets of OCZ

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 .