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OCZ Technology Withdraws from Memory Module Market

OCZ Technology Withdraws from Memory Module Market

Order Essay Online OCZ Technology, once the legendary name among the suppliers of high-speed memory modules, plans to completely withdraw from the dynamic random access memory market. As a result, the company will concentrate its efforts on solid-state drives (SSDs), flash media and power supply units (PSUs).

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In August 2010, OCZ announced a strategic optimization of its memory products whereby it discontinued certain unprofitable commodity memory module products with the intent to continue only with certain high-performance memory products. However, this did not help the company much and its DRAM-related losses only widened. As result, OCZ decided to can all of its DRAM product lines going forward.

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“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,” an official statement from OCZ teads.

Read More/Source: Xbit-Labs

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