The thirteenth labour of Hercules; save OCZ

Subject: General Tech | March 14, 2013 - 10:37 AM |
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.

View Full Size

"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."

Here is some more Tech News from around the web:

Tech Talk

Source: The Register
March 14, 2013 | 07:43 PM - Posted by John Doe (not verified)

Hercules? Those who made Radeon 9800 cards ages ago? Most of which were amazing and rocked shit? Shame that the OCZ fuckers bought them out.

March 15, 2013 | 10:25 AM - Posted by Josh Walrath

Funny, or just reading for comprehension?  Jokes on me, I guess.

March 15, 2013 | 12:09 PM - Posted by John Doe (not verified)

Yup.

What you get is what you pay.

March 16, 2013 | 04:37 PM - Posted by Wolvenmoon (not verified)

I haven't ever had a bad experience with an OCZ product, but I've never had a great one. Any of the companies they've bought out seem to slip into a not-so-endearing mediocrity. When people say they have a product made by OCZ or one of its brands (PCP&C), I have no comment - positive or negative.

I mean if I try, "At least they're better than Rosewill...sometimes. Occasionally."

March 16, 2013 | 10:28 PM - Posted by John Doe (not verified)

Rosewill is NewEgg. They do not make ANYTHING themselves, ıt ıs all rebadged stuff and judging things by their brand is the most moronical thing to ever do.

It depends ENTIRELY on what parts you are comparing.

You can NOT assume something to be good or bad by just looking at the brand. If everyone did then these review sites would be deserted in no time.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Lines and paragraphs break automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <blockquote><p><br>
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

By submitting this form, you accept the Mollom privacy policy.