OCZ has filed for bankruptcy

Yeah: their SSD's are definitely not on ANY recommend list now...


See:
OCZ Technology says to file for bankruptcy | Reuters

 

Always wondered how long they would last. Having competition is hard.

 

While I appreciated the competition they provided (and feel genuinely sorry for the company people left hanging now...), I can't say I'm too sad to see this happen. Sad it is just before Christmas for so many...

 

Im actually sad this happens.

Although they had their issues, the drives using their own controller didnt have nearly as much problems as the sandforce drives. But once you get bad reputation, it sticks around.
Its always sad to see a competitor which have been around for so many years, always being one of the first to push out the fastest you could get.

 

Indeed.

Indilinx-based OCZs have never let me down...and were very decent drives at the time...

 

Uhm I take back what I said.
Their Indilinx SSDs isn`t doing well either

OCZ Vertex 450 Series 256GB and 512GB
44% rating it 1 or 2 out of 5 eggs

OCZ Vector 128GB and 512GB
35% rating it 1 or 2 out of 5 eggs

To compare:
Samsung 500GB EVO
7% rating it 1 or 2 out of 5 eggs.

Corsair Neutron 120GB
4% rating it 1 or 2 out of 5 eggs


That put stuff in to perspective..

 

I use a vector 512GB drive personally so unlikely to have a warranty now, but it has been going strong now for well over a year so hopefully it's a good sample.

 

Fresh from October, return rates for an unnamed French tech e-tailer: SSD - Les taux de retour des composants (9) - HardWare.fr. Note, the article is in French, but you don't need to know French to read numbers. Still, those are return rates, not failed hardware rates, so take the results with a grain of salt, but they should still provide a decent baseline. The lower capacity Vector drive don't look all that reliable to me. Note the return rates are not astronomically high, but they are still uncomfortably high for my own tastes.

Translation (by me) of the last paragraph of the SSD page:

During the launch of the Vector, OCZ touted the work accomplished before launch to guarantee good reliability, according to these numbers, it is a failure. Even if the sample size is small, it is still superior to the minimum of 100 units mentioned on page 1, the presence of two capacities illustrates the presence of issues with the Vector. The firmware update from late March seems to have corrected the majority of problems, but the return rates remain superior to what is expected of a high end SSD since they are at 3.65% and 3.45%.

 

Kind of glad I got the Kingston SSD over the OCZ one last February.

 

Thread covering same topic.

http://forum.notebookreview.com/not...iba-seems-likely-discussion.html?#post9471563

 

Well there are many forms of bankruptcy, so it doesn't necessarily mean they're going out of business. It could just mean they're restructuring.

In any event, its fortunate the people that run the company aren't the ones that engineer the product. My OZC Vertex operate without any issues whatsoever.

 

When creditors seize one's assets, there's no restructuring. OCZ will be liquidated/sold. That's where Toshiba part of the story makes sense.

I've deployed a pretty big box of Indilinx-based Vertex drives in 120GB and 240GB flavours, all are still up and running to the best of my knowledge.

Hopefully Toshiba will buy OCZ and keep on honouring the warranties...

 

you've highlighted the purpose of an automatic stay. Krane is correct insofar as a chapter 11 proceeding may allow for a corporate entity to reorganize itself.

 

Shocking, and quite unfortunate news. It says they defaulted on a loan agreement. I'm assuming they made a contract and could not deliver...such a shame. Less competition is not good in our market. I've never owned one of their SSD's, but I know people who have, and I haven't heard anything bad about them.

 

While you are correct on the legal level, I'd be betting on a Chapter 7...

Obviously, time will tell...

 

According to the news documents, bankruptcy has not been filed yet. Protection doesn't extend until the bankruptcy petition is filed. As I've been told, once bankruptcy is filed, then the companies assets are protected.

 

the title of the article is "OCZ . . . to file for bankruptcy"--'to' being the the operative preposition. obviously no stay issues until the petition's filed. and the purpose of the stay is not solely to protect the bankrupt company's assets, but also to protect creditors' claims.

 

lol I just bulk updated Firmwares for all the OCZ drives I have access to while the servers are still up. I've still got a Vertex 3 (the old school one with rare 34 nm NAND), gosh damn it cost like $300 for 120gb back in the day but the NAND alone is priceless these days.

 

I thought the title of the thread was OCZ has filed for bankruptcy?

In any event, it sucks for their employees, especially happening right before the holiday season.

 

I've had 8-10 OCZ SSDs over the years and don't have a bad thing to say about any of them, other than my original Core, which stuttered badly. I'd buy one again if the price were right. If memory serves me correctly, which it may not, OCZ was the first company to put real downward pressure on the price of SSDs, which benefited anyone who bought a SSD, regardless of the brand.

 

I've had/have several of them myself and no issues.

Oldest one presently in use by me is a 3.5 year old original Vertex 2 with Intel 34nm NAND

The Vertex 3 MIOPS were great drives and one is also in daily use.

 

See:
AnandTech | Toshiba Acquires OCZ's Assets for $35 million


And it's done... except for the crying... (Seems like OCZ turned down offers up to $1B just over a year ago...).




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