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OCZ sells 5,151,662 shares of its common stock

You simply can't surf enthusiast sites these days without coming across a new review of solid state drives (SSDs). SSDs are quickly becoming the storage medium of choice for laptop enthusiasts and as boot drives for desktop enthusiasts.

While pricing for SSDs is still quite high for more mainstream users, enthusiasts are flocking to them in order to have the highest performing machines for gaming duties. According to Jon Peddie Research, the "Enthusiast Class" which typically buys such high performing SSDs is expected to spend $12.5 billion by 2013.

Given the high stakes in this emerging market, OCZ is no doubt looking to further its position with SSDs. With larger companies like Intel breathing down its neck with second generation (and upcoming third generation) SSDs and more traditional competitors like Corsair ramping up their entries into the field, OCZ is doing what it can to make SSDs a big part of its business.

OCZ announced today that it has secured $15.45 million in funding specifically for its SSD business through the sale of 5,151,662 shares of its common stock.

“Over the course of the last few years, we have met the demand for a better storage option head-on, by delivering high performance solid state disk drives to a wide array of customer’s globally” said OCZ CEO Ryan Petersen. “This round of funding will enable OCZ to continue its growth in SSDs and accelerate the development of next-generation solutions.”

Peterson added, “We believe that OCZ is well-positioned to advance the deployment of flash-based storage solutions. OCZ will continue to design, develop and implement SSD technology with its current base of over 300 customers while opening up new markets through targeting enterprise and OEM customers seeking to adopt flash media as primary storage.”

OCZ was able to give us a glimpse at its 2010 roadmap for SSD products during CES and it looks like customers will have a wealth of options to choose from in both internal and external form-factors. Now if only OCZ could do a bit more to consolidate the product lines and naming conventions...



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Yay
By damianrobertjones on 3/24/2010 11:41:23 AM , Rating: 2
Ok.

I have two SSD drives, one in my Dell i7 laptop (Crucial 64Gb) and one in my Latitude XT (1.8" random make)

I love them. The i7 laptop literally flies and the Latitude has been saved from very poor performance and IF someone, anyone, would drop the prices of these damn things, I'd instantly buy two for my machines at home. (Obviously with standard hd's as the main storage but then again, I have a WHS for that)

Drop the price. Stop fixing prices (if you are) and let the masses of people enjoy the speed benefits of these devices.




RE: Yay
By amanojaku on 3/24/2010 11:48:03 AM , Rating: 4
quote:
The i7 laptop literally flies
Apple: "A flying laptop? There's a patent for that!"
</could_not_resist>


RE: Yay
By damianrobertjones on 3/24/2010 11:56:32 AM , Rating: 2
It might as well fly when I think about the heat and fan speed


RE: Yay
By Mk4ever on 3/24/2010 6:16:20 PM , Rating: 2
quote:
A flying laptop? We own the patent for that!"


fixed!


RE: Yay
By Gungel on 3/24/2010 11:51:45 AM , Rating: 2
I don't think there is any price fixing going on. It's a matter of supply and demand. Demand outstrips supply that's way we won't see any price drops until supply improves significantly. The next shrink to 22nm should help a lot.


RE: Yay
By damianrobertjones on 3/24/2010 11:56:09 AM , Rating: 2
I really hope so. £150/£160 for 64Gb is a bit scary but ever so nice.


RE: Yay
By Gungel on 3/24/2010 12:17:39 PM , Rating: 2
Wow, over here it's about that much in US$
http://www.newegg.com/Product/Product.aspx?Item=N8...


RE: Yay
By damianrobertjones on 3/24/2010 12:36:49 PM , Rating: 2
http://tinyurl.com/yan36xg

Muh.

My Dell Windows 7 hard drive index score is 7.3. Damn worthwhile upgrade and I'd like to have the fasted version at home


RE: Yay
By Calin on 3/25/2010 3:21:17 AM , Rating: 2
Supply, demand, cost of production. You can't compare them to USB flash drives, as SSD have a bigger and more complex PCB, more complex (and expensive) controller, use faster and higher complexity (lower gate size) memory chips, have more expensive casing and so on (100mm^2 of 130nm silicon is less expensive than 100mm^2 of 40nm silicon).
Anyway, I'd like to see small, decent performing drives at low prices - this could improve traction in the user base (if this is still needed).


RE: Yay
By Strunf on 3/25/2010 8:55:34 AM , Rating: 2
"100mm^2 of 130nm silicon is less expensive than 100mm^2 of 40nm silicon"

Not really true, when the process is mature they cost the same, also on a 40nm process you can put like 10x more circuitry than on a 130nm one.


"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain














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