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 Exits Money Losing DRAM Memory Business, Focusing on SSD
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OCZ Exits Money Losing DRAM Memory Business, Focusing on SSD
OCZ has called it quits when it comes to DRAM, which is interesting because that was how the company made it in the early days. The company reported a loss of $8.3 million, or 29 cents a share, for the three months ended Nov. 30. That compares with a loss of $972,000, or 5 cents a share, in the prior-year period. In August, OCZ announced it would discontinue some of its products and continue only with certain high-performance memory products. Since then, demand for DRAM products has softened globally, so the decision to kill the remaining memory lines likely wasn't a hard choice. OCZ's main revenue generator is from solid-state drive and NAND Flash memory is what the company will be focusing on in the future. We had a chance to speak with OCZ about this during CES 2011 and was told that while OCZ is exiting the memory business they will still offer Fatal1ty branded memory products and had a new module at the show for that line. You can check it out below. We are asking OCZ what this will mean for customers with lifetime warranties on existing products that they have purchased.
Re: OCZ Exits Money Losing DRAM Memory Business, Focusing on
interesting news for me and my Reaper HPC's
-Austin
Screamin' BCLK:
775 System (Overclocking Platform): Q8400/Q8300/E8400/E7400/E7500 - GA-EP45-UD3R v1.1 - 4GB (2x2) OCZ Reaper HPC DDR2 1066 CL5 2.1v Corsair TX-750w
Gamer: Asrock Z77 Extreme4, i7 3770K @4.6GHz, ThermalTake Armor A90 modded, 2x4GB GSKILL RipjawsX DDR3 2133 CL9, Corsair HX-750w, MSI GTX660 Twin Frozr
Server2012: Q9300 - 8GB DDR2 - Asus P5QL Pro - Corsair CX430 - Mirrored 2TB Seagate's with 2TB WD cav for fileshare backups, 1TB WD for OS backups
Screamin' BCLK:
775 System (Overclocking Platform): Q8400/Q8300/E8400/E7400/E7500 - GA-EP45-UD3R v1.1 - 4GB (2x2) OCZ Reaper HPC DDR2 1066 CL5 2.1v Corsair TX-750w
Gamer: Asrock Z77 Extreme4, i7 3770K @4.6GHz, ThermalTake Armor A90 modded, 2x4GB GSKILL RipjawsX DDR3 2133 CL9, Corsair HX-750w, MSI GTX660 Twin Frozr
Server2012: Q9300 - 8GB DDR2 - Asus P5QL Pro - Corsair CX430 - Mirrored 2TB Seagate's with 2TB WD cav for fileshare backups, 1TB WD for OS backups