backtop


Print 18 comment(s) - last by MrPoletski.. on Mar 26 at 7:21 AM

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...



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

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.


"People Don't Respect Confidentiality in This Industry" -- Sony Computer Entertainment of America President and CEO Jack Tretton














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki