Print 14 comment(s) - last by Motoman.. on Nov 2 at 12:08 PM

OCZ restructuring efforts continue

A lot has been going on with OCZ Technology. OCZ has come a long way from its origins as a maker of high-performance memory products for computer gamers and enthusiasts. Over the years the company has dabbled in computer peripherals, notebook computers, and plenty of other markets.

The company seemed to find its stride when it ditched most of its other market segments to focus mainly on solid-state storage. However, back in September, OCZ CEO Ryan Petersen abruptly left the company and was replaced by interim CEO Alex Mei. Mei was later replaced by current CEO Ralph Schmidt. Schmidt has now offered an update on the status of operations at OCZ.

Schmidt explained, "We are undergoing a transition phase in the Company's evolution in which we are refocusing our efforts on products and strategies that will benefit both OCZ and our stakeholders over the long term. We have already taken aggressive steps to address some short-term tactical challenges and have begun streamlining the organization to help ensure that OCZ will be in the best position moving forward to address the fast growing consumer and enterprise SSD markets."

OCZ reports that it has taken steps to make its business more efficient and profitable by beginning end-of-life procedures that will see the discontinuation of approximately 150 product variations the company offers right now. A significant impact will be felt in the value category of the company's offerings with approximately 80% of those products being discontinued.

OCZ is adjusting inventory and working to monetize inventory to free up cash for business operations. The company is also reduced its global workforce by approximately 28%, not counting production personnel. Personnel at its Taiwanese production facility, including outside contractors has been reduced by approximately 32%.
OCZ states it will continue to take additional actions to reduce overall costs and improve operating results.

Source: MarketWatch

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By bug77 on 11/1/2012 9:26:06 AM , Rating: 2
I always liked OCZ, but this feels like the first time I can't follow their language.

RE: Hm
By Motoman on 11/1/2012 10:14:04 AM , Rating: 2
As a rule I've learned to shy away from OCZ memory. Seems like you always have to spend way too much time manually futzing with voltage and such to get them to work as advertised...and sometimes it's seemed like they're just not compatible with a given motherboard.

I never seem to have any trouble with anybody else's RAM, and other than that I have no brand preferences.

RE: Hm
By FITCamaro on 11/1/2012 10:32:49 AM , Rating: 2
I've never had to mess with their RAM to get it to work at advertised speeds.

RE: Hm
By bug77 on 11/1/2012 12:45:15 PM , Rating: 3
I thought messing around with voltages et. al. was the whole point. Any memory stick has to adhere to JEDEC standards, you want more performance, you have to dirty your hands.

RE: Hm
By Motoman on 11/2/2012 12:08:50 PM , Rating: 2
Oh sure, that's fun. The vast majority of the time, I don't find myself having to fiddle with BIOS settings to deal with any system instability because of the RAM. With OCZ, it seems like you have to do that a lot.

...and if the BIOS in the motherboard you bought doesn't allow you to change the RAM voltage? You're just SOL. Not every board, particularly budget boards for budget, non-gaming builds, have RAM voltage tweaks.

PC Power & cooling
By mchentz on 11/1/2012 11:42:32 AM , Rating: 2
OCZ owns this company. They make excellent power supplies IMO. Never had a lick of trouble with these power supplies, and people tend to underestimate the kind power supply when speccing a computer.

I wonder how this is going to effect them? I was bummed a little when OCZ bought this company as I have never been a fan of OCZ.

RE: PC Power & cooling
By nedsand on 11/1/2012 4:46:42 PM , Rating: 2
I've been a fan of PCPC for a long time. My impression is that OCZ has already done their damage.

RE: PC Power & cooling
By sleepeeg3 on 11/1/2012 10:39:49 PM , Rating: 2
Their power supplies are solid and still get good ratings on Johnnyguru. Their core business (SSDs) has definitely taken a hit, as other posters have said. I have had two of their drives that failed and their forums ignored the issues. However, both issues were the result of controller problems (Indilinx and Sandforce) that other vendors were experiencing as well at the time. Other than the SSD issue, their sketchy leadership and loss of focus is causing them to go downhill.

What about their primary problem?
By Guspaz on 11/1/2012 10:23:14 AM , Rating: 2
OCZ's primary problem is that, while their prices are competitive, their reputation in their sole remaining market (SSDs) has become very tainted. I don't see how any of what was discussed in the press release is going to address this primary issue.

By Concillian on 11/1/2012 6:32:53 PM , Rating: 3
I don't think that is their primary problem....

I think their primary problem is that significantly more money is going out than coming in.

There's always more people (suckers?) to rebuild your rep on, but you need to have revenue comfortably equal or greater than expenditures before you can really think about doing that.

By Paj on 11/1/2012 9:11:29 AM , Rating: 2
This guy has a gift for understatement. Nice to know that laying off a third of your workforce and discontinuing 150 products is nothing more than "addressing short term challenges".

RE: Right
By semo on 11/1/2012 1:28:58 PM , Rating: 2
Over the years the company has dabbled in computer peripherals...
Should be more like "Over the years the company has screwed customers every which way that they could get away with".

Doesn't anyone remember when OCZ swapped all the componenets of the Vertex 2 and did not tell anyone (not even their packaging department so that they can reduce the quoted capacity and speed).

burn baby burn
By Shadowmaster625 on 11/1/2012 11:18:51 AM , Rating: 2
If you've had one of their garbage SSDs fail on you then you should be chanting it too.

By Ammohunt on 11/1/2012 1:44:03 PM , Rating: 2
Doesn't appear to be a company in good health.

"When an individual makes a copy of a song for himself, I suppose we can say he stole a song." -- Sony BMG attorney Jennifer Pariser

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