The thirteenth labour of Hercules; save OCZ

Subject: General Tech | March 14, 2013 - 01:37 PM |
Tagged: ocz, Hercules Technology Growth Capital

OCZ has just received $30 million and a new credit line from Hercules Technology Growth Capital, separating their future from Wells Fargo who have been displaying a distinct lack of faith in OCZ.  The April 8th deadline for OCZ to file reports on their last two quarters still stands and Hercules has tied that submission into the loans being offered by requiring up to date SEC filings from OCZ.  Hercules has a warrant to purchase 688,073 OCZ shares at $2.18 a piece which is $0.08 more than market worth and demonstrates that Hercules has some faith in OCZ's ability to remain viable.  Check out the full terms and conditions at The Register.

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"Obtaining this new credit facility is the first step in providing OCZ with a complete capital structure going forward. This capital will be used to strengthen the business, fund future growth, and support emerging enterprise opportunities."

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Source: The Register

OCZ Technology to Showcase Next-Generation Enterprise Storage Solutions at CeBIT 2013

Subject: Storage, Shows and Expos | February 25, 2013 - 02:12 PM |
Tagged: ocz, ssd, PCIe SSD, CeBIT 2013, ZD-XL Accelerator

SAN JOSE, CA—February 25, 2013—OCZ Technology Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that it will preview a variety of enterprise storage solutions at next week’s CeBIT 2013 conference in Hannover, Germany. As a renowned global forum, CeBIT represents a great opportunity for attendees to be the first to see and experience the latest innovations in solid-state storage from an industry leader in enterprise SSDs, virtualization, and caching software. OCZ offers a complete suite of storage solutions that address VMware, Linux, and SQL Server platforms, and invites IT decision-makers who are evaluating or implementing solid-state storage in the data center to visit the Company’s exhibit in Hall 2, Stand E43, from March 5th through 9th.

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OCZ will unveil the next-generation ZD-XL SQL Accelerator, a culmination of enterprise hardware and software converging as one tightly integrated and optimized solution. The ZD-XL Accelerator addresses SQL Server database applications to not only ensure that the data for this implementation is right, relevant, and readily available on SSD flash when the SQL Server needs it, but also that the data is accessed with the highest possible I/O performance. For simple deployment and ease of use, this tightly integrated, optimized solution features ‘implementation wizards’ to guide DBAs so they can optimally manage data cached to the flash. While showcasing the ZD-XL solution OCZ will invite enterprise customers to become beta testers for this exciting solution.

Also included in OCZ’s exhibition at CeBIT will be demonstrations to preview the upcoming VXL 1.3 Virtualization Software and LXL Acceleration Software with OCZ’s innovative Direct Pass Caching Technology, which not only addresses VMware but is also optimized for Linux applications. OCZ is one of the few SSD providers with a robust portfolio of virtualization and caching software that combine the power of flash acceleration with the power of storage virtualization. This enables multiple virtual server loads to run concurrently on a single physical host, not only increasing CPU and memory resource utilization, but also simplifying deployment, high availability (HA), and maintenance of the server loads.

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The next-generation of workstation PCI Express (PCIe)-based SSDs will also be available soon as part of the Company’s award-winning Vector Series. These drives reside directly on the PCIe bus and will support four PCIe Gen2 lanes providing lower latency to data, faster file transfers and system boot-ups, expanded storage capacities, and an even quicker, more responsive experience over the already blazingly fast SATA 3.0-based Vector Series. The Vector PCIe Series will feature an advanced suite of flash management tools that deliver enhanced drive endurance and data, making it ideally suited for power computing, content creation, and workstation applications.

OCZ Technology Delivers Vertex 3 with 20 Nanometer Flash

Subject: Storage | February 19, 2013 - 02:47 PM |
Tagged: ocz, vertex 3, 20nm, mlc

SAN JOSE, CA—February 19, 2012—OCZ Technology Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced a new 20 nanometer (nm) NAND flash version of its award-winning Vertex 3 SSD Series. The new Vertex 3.20 SSD is a 2.5-inch, 6Gbps SATA III-based Multi-Level Cell (MLC) drive that implements the feature-set of the Vertex 3 Series but is built around smaller, state-of-the-art NAND flash process geometry.

Being that the Vertex 3 Series is one of OCZ’s most popular SSDs to date, and has received numerous accolades from media reviewers globally, the implementation of 20nm NAND flash will extend its availability and enable mainstream users of mobile and desktop platforms to improve gaming, multimedia, and the overall computing experience over traditional hard disk drives (HDDs) and other competing SSDs. The Vertex 3.20 SSD will be available in 120GB and 240GB storage capacities, with 480GB capacities to follow soon.

Utilizing the proven and effective LSI SandForce® SF-2200 processor, the Vertex 3.20 SSD delivers exceptional performance of synchronous 20nm NAND flash supporting read bandwidth up to 550MB/s, write bandwidth up to 520MB/s, random read performance up to 35,000 input/output operations per second (IOPS), and random write performance up to 65,000 IOPS. It is also optimized to provide excellent endurance and reliability coupled with power efficiency.

“OCZ is always looking for ways to deliver superior solid state drive storage performance and features, as well as making this technology more accessible to the complete range of customers,” said Daryl Lang, Senior Vice President of Product Management for OCZ Technology. “The Vertex 3 has been a popular SSD series among consumers and implementing the newer, smaller process geometry will not only extend its life, but enables mainstream users with an excellent computing experience at a competitive price point.”

The Vertex 3.20 SSD is supported by a 3-year warranty to ensure customer satisfaction and will be available shortly through OCZ’s global channel in 120GB and 240GB storage capacities.

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Revisit the Vector, it is worth it

Subject: Storage | February 15, 2013 - 04:26 PM |
Tagged: vector, ssd, sata, ocz, mlc, Indilinx Barefoot

Just in case you forgot how impressive the OCZ Vector 256GB is, Overclockers Club would like to remind you.  The Indilinx Barefoot 3 controller is matched with low cost 25nm MLC IMFT NAND modules and 512MB of DDR3-1600 RAM for a cache.  That translates to incredibly fast performance but without the high price of other drives.  The 256GB model sits currently just under $1/GB, it is not the least expensive SSD available but when you consider the speeds this drive operates at it is the best value.  Remind yourself where OCZ's Vector sits in the pack by reading on at OCC.

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"OCZ's Vector line of solid state drives is every bit the performer that the Vertex 4 drives are with very few exceptions. In many of the tests, the two fastest drives were the Vertex 4 and OCZ's latest Indilinx Barefoot 3-equipped Vector. The only real weakness I saw was that the Vector was less frugal with the CPU cycles than the other Indilinx equipped drives. OCZ's move to the Barefoot 3 controller is beginning to pay dividends as it uses the technologies it has available in-house after the Indilinx and PLX acquisitions. It's taken a while to go all-in but that time has come. As the first totally in-house designed controller from OCZ, it seems to have hit on a controller that does better at managing real world usage scenarios and handling both compressible and incompressible data streams.”

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FarCry 3 Game Bundle Now With OCZ Vector SSDs

Subject: General Tech | February 6, 2013 - 01:35 PM |
Tagged: vector, ssd, ocz, giveaway, far cry 3

If you purchase a 256GB or 512GB OCZ Vector Series drive before July 14th of 2013 you will get a free downloadable copy of Far Cry 3, to a maximum of two copies.  Allyn was more than impressed with this drive, finishing off his review with the statement that "The OCZ Vector astonished me with its throughput, sheer IOPS performance, and low latency", with the only negative comment involving the drives inability to do household chores.  They are not the least expensive drives on the market but they are some of the fastest and they come with a 5 year warranty as well. 

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OCZ might have made some money ... maybe ... we think so anyways ... possibly (UPDATED)

Subject: General Tech | February 6, 2013 - 01:20 PM |
Tagged: fud, ocz, income, doom

OCZ is hours away from being delisted from the stock exchange and it will be very difficult for them to make the deadline as they have to submit a plan detailing how they will provide an accurate accounting of their quarterly profits by Feb 28th.  This is a bit of a problem considering that they do not seem to have submitted an accurate profit statement since Q1 of 2012 at the most recent.  In Q2 Ryan Petersen originally forecasted profits between $110-120m but after Petersen left and Ralph Schmitt took over those predicted profits dropped drastically to somewhere around $65-$85m, not accurate enough for Wells Fargo to consider it a proper financial statement.  From what The Register has learned, OCZ cannot estimate Q2 or Q3 earnings at this time, nor are they quite sure what the economic impact incentive programme liabilities and inventory run-down charges will have.  Things do not look good.

UPDATE

We heard from OCZ that they have indeed been working hard with Crowe Horwath LLP on getting their preliminary results for 2012 and Q1 of 2013 ready for the market.  It was also brought to our attention that the Nasdaq is permitted to grant an extension of up to 180 days, which would be April 8th, for the Company to regain compliance with the SEC and other institutions.  This lessens the danger that OCZ faces and while the stock has tumbled a bit over the past few months as of this update they are at $2.09/share, flat for the days trading, traders are exhibiting confidence in the company.  According to Seeking Alpha last night it was announced that "The Company estimates that its quarterly revenue will range between $65 million to $85 million in each quarter for the second and third fiscal quarters of 2013."  That is still a wide variance but you should not count OCZ out quite yet.  We will continue to keep an eye on the market and OCZ's responses.

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"Stifel Nicolaus analyst Aaron Rakers noted there was no announcement of a filing of the required Nasdaq update plan today. Unless that is handed in on time, OCZ is out of Nasdaq and, as a result, getting bank credit will be much more difficult. Wells Fargo could wave goodbye and consign OCZ to the scrap heap in a forced asset sale. This is about as bad as it gets, but OCZ's survival is still possible."

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Source: The Register

OCZ is no longer driving SSD prices down?

Subject: General Tech | January 16, 2013 - 03:58 PM |
Tagged: ocz, price increase, price cuts, ssd

The hard drive market has recovered somewhat over 2012 from the sharp spike in prices we saw as a result of the flooding in Thailand, though never to the prices we became used to in 2011.  That issue fell by the wayside in 2013 thanks to the sharp drop in prices for SSDs, with a price of $1/GB becoming a common price point even before specials and deals are considered.  The Tech Report noticed something different about Q4 of 2012, with the pricing trend actually reversing and many drives increasing in price by 10-20%.  In part this might be accounted for due to the drop in overall PC sales but The Tech Report has another culprit in mind, read on to see why you might have OCZ to thank for both the rapid drop in SSD prices as well as the current upwards trend.

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"SSD prices fell by 38% in 2012. However, they actually went up in the fourth quarter, spurred largely by an end to OCZ's deep discounts. We've crunched the numbers for more than 40 drives to get a better sense of what's going on."

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CES 2013: OCZ reworks product lines, releases PCIe-based Vector SSD

Subject: Storage, Shows and Expos | January 8, 2013 - 09:30 PM |
Tagged: vector PCIe, vector, ocz, ces 2013, CES

Today at CES, OCZ released the Vector PCIe SSD:

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This is essentially a RevoDrive, still using VCA 2.0 as the method of tying a pair of SSDs together, only in this case OCZ has ditched SandForce in favor of their new Indilinx parts lifted from their Vector Series. I witnessed the pre-release part turning in 160,000 4k random read IOPS and upwards of 1GB/sec sequential throughput.

OCZ was also showing a new iteration of their VXL enterprise caching software:

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The new software, dubbed LXL, is currently in beta testing. LXL is linux based and employs a caching driver to tie the SSD into the SAN or other local storage. The benefit is that there is also a user-land application and GUI that can 'tune' the caching driver based on default and custom scripts. This tuneability lets the administrator control what sort of data gets cached based on the expected workloads placed on the storage system. This prevents infrequently accessed data from pushing the speed-critical content out of the cache, and should prove more effective than typical caching drivers which are generally unintelligent on their own.

Coverage of CES 2013 is brought to you by AMD!

PC Perspective's CES 2013 coverage is sponsored by AMD.

Follow all of our coverage of the show at http://pcper.com/ces!

Podcast #228 - Intel Socket Controversy, a new OCZ SSD, GPU-less Ivy Bridge and more!

Subject: General Tech | November 29, 2012 - 02:20 PM |
Tagged: vector, ssd, socket, podcast, ocz, LGA, layoffs, Intel, Indilinx, BGA, amd, 3550p

PC Perspective Podcast #228 - 11/29/2012

Join us this week as we talk about Intel Socket Controversy, a new OCZ SSD, GPU-less Ivy Bridge and more!

You can subscribe to us through iTunes and you can still access it directly through the RSS page HERE.

The URL for the podcast is: http://pcper.com/podcast - Share with your friends!

  • iTunes - Subscribe to the podcast directly through the iTunes Store
  • RSS - Subscribe through your regular RSS reader
  • MP3 - Direct download link to the MP3 file

Hosts: Ryan Shrout, Jeremy Hellstrom, Josh Walrath, and Allyn Malventano

This Podcast is brought to you by MSI!

Program length: 1:22:57

Podcast topics of discussion:

  1. 0:01:20 Never Settle Contest Part 2 is running!
  2. Week in Reviews:
    1. 0:03:00 Nintendo Wii U Teardown
    2. 0:06:00 Digital Storm Bolt Mini-ITX System
    3. 0:12:00 Dell XPS One 27 System All-in-One
    4. 0:18:10 Intel Core i5-3550P Ivy Bridge CPU
    5. 0:27:15 LEPA Gold Series 750 watt PSU
    6. 0:29:00 OCZ Vector 256GB Indilinx Barefoot 3 SSD
  3. 0:40:30 This Podcast is brought to you by MSI!
  4. News items of interest:
    1. 0:41:30 Intel Broadwell goes BGA Only; Desktop is dead?
    2. 0:56:00 More AMD Layoffs coming?
    3. 0:58:45 Intel CEO is leaving too
    4. 1:00:00 Western Digital 4TB Black HDD
    5. 1:02:00 Fujifilm working on 1TB optical discs
    6. 1:06:00 Jon Peddie Q3 GPU Results
    7. 1:08:00 Microsoft sells 40 million Windows 8 licenses
    8. 1:09:45 Rumored 'Blue' Subscription based Windows OS
    9. 1:12:00 Intel Updates SSD Toolbox, 335 Firmware
  5. Closing:
    1. 1:15:00 Hardware / Software Pick of the Week
      1. Ryan: iFixit Pro Tech Tool Kit
      2. Jeremy: Leatherman Raptor
      3. Josh: Nice monitor!
      4. Allyn: OCZ Vector
  1. 1-888-38-PCPER or podcast@pcper.com
  2. http://pcper.com/podcast
  3. http://twitter.com/ryanshrout and http://twitter.com/pcper
  4. Closing/outro

Be sure to subscribe to the PC Perspective YouTube channel!!

 

OCZ interrupts your viewing of the legal battle to introduce a new product; the Vector

Subject: Storage | November 27, 2012 - 04:47 PM |
Tagged: vector, ssd, sata, ocz, mlc, barefoot 3

There are three members of the OCZ Vector SSD, the 128GB and 256GB models will have 512MB cache and the 512GB model 1GB of cache, each costing a bit over $1/GB.  Inside is the brand new Barefoot 3 controller which features 8 channels and both an ARM cortex processor and OCZ's secret sauce, the Aragon co-processor.  On paper, the 256GB and 512GB models have the same performance specs with the 128GB model having slightly slower sequential writes and 4k reads, though still the speeds are impressive enough that you won't suffer unduly.  [H]ard|OCP takes you through their torture test here and of course if you haven't seen what Allyn did to them, get reading!

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"OCZ soft launches the 256GB Vector SSD with its first OCZ-proprietary controller, the Barefoot 3. Geared for steady state performance, the OCZ Vector SSD is designed with the end user in mind. Today we take a look at the Vector and the new controller architecture and see how these fare in our steady state testing."

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Storage

Source: [H]ard|OCP