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Re-establishment of company structure. In THIS CASE, Toshiba has said, THE BRAND WILL STAY OPEN and operate seperately.
I think it's a great move on Toshiba's part.
#1: The technology now belongs to Toshiba and they can use it DIRECTLY in their products at next to nothing.
#2: The company (OCZ) continues to operate; UNDER NEW management, now that Toshiba owns them, IN WHICH Toshiba can now run the show in every ASPECT possible.
I expect the outside AGENCIES to UPGRADE OCZ outlook soon with Toshiba in control, which will send this PPS to the second floor, as well as Earnings per share.. when that goes POSITIVE, you know theirs NET profit...
THEN it's back to $2.
I'm currently in FNMA, with an average of around .54... it's at 3.10 or so, and I'm LONG.
Also, played SBRH from .0034 to .80 a few years ago (GAVE me my initial start) as well as played MANY a Q stocks. 90% of them recover 10X AT LEAST, and some recover and get upticked and are in NYSE and AMEX, etc.(DIMEQ was a biggie for me) Leaving at 5-10X in Q's is early, IMO.. but you do what's right for YOU to build your worth.
GLTA and GO $$OCZTQ$$!!
HENCE the BK Robert... BUT, creditors GO AWAY as a result of the BK and now that TOSHIBA owns and operates, we should see the direct result of good marketing, mixed with this amazing company's REAL PRODUCT increase revenues and begin PROFIT making right away!
Nothing but good things from here.
Understand what the company HAS as far as a wanted process, while they recover from the BK (to eliminate the bad credit, as well as re-establishing the company, with anticipated profits, and new overhead, this thing will FLY)
GLTA $$$OCZTQ$$$
I've played many Q's , and they all played out a bit different. So I'd hesitate to throw a comparison company to look at.
There is prolly some technology they were after buying ocZ there has to be a reason you would want to buy out a company that's bankrupt
Anyone experience a company buy out like this before that can shed some light as to what happened
What did the 8k say? Another aamrq? I was hoping for .50, not $26.00.
They owe creditors more than the assets left in the company. This has a negative value.
Did you even look at the 8K filing peeps do your DD buy buy buy OCZTQ go long and strong this will be another GGP or AAMRQ!!!! glta...
Doesn't really matter to me at this point. I'll hold and take that chance. These Q's can run hard on nothing and even harder on something. Although I'd never play with more then I'm willing to just give away. Thank you though. Glta
here is her phone number she called me back in a cuople of hours,bonnie mott 408-440-3428,she sounded like an older lady and was real nice and straight forward and honest she was their IR person
Sounds interesting. Guess it will unfold in a few weeks. Thanks. Glta
they are getting bids ,but she said just buy owning ocztq you dont own any part of toshiba now you would have to buy their stock to own the new ocz
A few weeks. Maybe a dumb question, but.. did you feel that she was confident they had a buyer when she said it? The way your post reads, I feel yes.
I imagine we will know that in a couple weeks with the sale of the final unit. Looks like pleny of accumulation last couple days with volume increase. Wonder how high it will go before people want to wait for definitive information.
My guess here is still "Poof" its gone. 0 MO, T
0,30 very realistic pps. Gooo
It certainly looks and feels like that to me too......If not, it makes whoever chased and bought @ .09 this morning look pretty foolish!
I hope this isn't one of those deals where people give crazy insane information to try and buy cheap shares. I hate that. This feels like it wants to explode up.
Why would someone from the company be giving out such information?
So Toshiba just bought all this to flip it?
Another strong day, Volume increase. Higher highs today.. Sure seems like something is loading.
We don't own any part of Toshiba, but they own most of ocz. So a vast majority of the company was worth purchase. So in the end all the debt should be paid(hopefully), along with the power division?
got some thing real important to tell you ,I called bonnie mott the ir person for ocztq ,she called me back an hr later and said as soon as ocztq sells the power division this stock could disappear because we dont own any part of toshiba we just own what is left of the assets which is only the power division,and they are selling that within the next few weeks,I said should I sell then and she wouldnt tell yes or no but said it was up to me ,so I just sold all my shares because from the way she talked there wont be anything left that we own.
OCZTQ sweet!!! I love this company used to buy their memory cards all the time back in the day...someone should alert this!
Ocztq. Go yay wow
Hahaha!
It is a sleeper now since most considered it dead. Once the news goes out that it's no longer bankrupt interest will raise on it just cause of whom bought it
No, but I saw the volume. Not sure what this will do.Looks like it could run for multiple days.
Has any news come out on the warranty on oczs products sold before the buy out? If anyone could post any news would be appreciated
Risky but promising I wouldn't merge just make the product better with toshibas backing shouldn't be a problem. Will be watching this one the next few days
well some one wanted in bad at open they hit the ask @.09 for over 453,000 shares thats over 40,000 bucks,some body knows where this is going, Im long on this one ,should see .10 soon,that wasnt you was it?
$ OCZTQ $
If I buy 2 million shares today, will it go to .10?
.20
.30
.40
.55
?
good time to get in,I think this moves over .10 soon and if they find a buyer for their other company,as in my previous post, this will be looking real good,OCZTQ
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Toshiba receives approval for OCZ buyout, RIP to popular company
OCZ Technology will now become a part of Toshiba, after the Japanese electronics company received approval to finalize the deal (TYO:6502, OTCMKTS:OCZTQ)
By: Michael Hatamoto | Storage News | Posted: 5 days, 3 hours ago
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Today the long running saga of OCZ's slow decline has finally come to an end. This morning a OCZ received approval from the United States Bankruptcy Court for the district of Delaware, to sell all of its Solid State Drive assets to Toshiba. This approval allows OCZ to finalize the acquisition that we were the first to tell you about back in October, and then again in November.
toshiba_receives_approval_for_ocz_buyout_rip_to_popular_company
"The OCZ team is excited to be a part of an innovative company like Toshiba where we can continue to develop new and unique SSD technologies that position the company as a solid state solutions leader in both the client and enterprise storage markets," said Ralph Schmitt, OCZ CEO, in a statement.
OCZ says the asset acquisition will complete by the end of next week, and Toshiba will keep the OCZ brand alive with its full portfolio of consumer and enterprise SSD products. With the financial powerhouse that is Toshiba now behind the OCZ brand, things could turn out very well for the once falling company.
Toshiba had an easy go of things, as there were no other offers for the PC enthusiast and gaming specialty company based in the San Francisco Bay Area. OCZ was popular among gamers and experienced PC users, but was slightly too expensive for the casual consumer - and Toshiba will benefit by beefing up its consumer and business products.
OCZ is still looking for a buyer of its Power Management business, and says that it is in the midst of a bidding process which is expected to land a closed deal within a few weeks. No mention was made of warranty support, but TweakTown has reached out to OCZ to clarify if existing warranties will be fully supported. Stay tuned to TweakTown for all of the latest breaking news in the tech industry.
Read more at http://www.tweaktown.com/news/34932/toshiba-receives-approval-for-ocz-buyout-rip-to-popular-company/index.html#UzHLcJpXCxomILYS.99
Well... I don't know you, you don't know me. Why direct such a question at me? You and I both know I can't answer it. Looks like you got your validation, and can now push the buy button.
Glta.
yea I think so to.I been doing dd for the last 2 hrs and the ceo of ocztq said they will be the leader in their sector with the financial backing of toshiba,I think we will see .50 soon,they also said their sector is really hot right now.I really appreciate your nice reply to my post unlike the other reply I got,hope I can get in for.06 tomorrow am just got funds in my account an hr ago. .06 is dirt cheap for this right now, a yr and a half ago this was at 7 bucks,this company is really set now with toshiba funding it
Peeps do your DD this will fly....long and strong....
Are you asking me to tell your future if you buy shares?
so if I buy some shares they will still hold their value now that toshiba owns all of the assets? some companys lose pps value after being taken over.
.07 UP ! They will fall. Market hasn't even really begun to put eyes on us. $ OCZTQ $
PEOPLE LOADING FOR THE SMART MONEY CLUB.
Read this from article:
(Marketwired) -- 01/22/14 -- Toshiba Corporation, a global technology leader and manufacturer of NAND flash memory, today announced that the Company has finalized the purchase of substantially all assets of OCZ Technology Group (PINKSHEETS: OCZTQ), making it a wholly owned subsidiary and Toshiba Group Company . Effective immediately, the Group company will operate independently as OCZ Storage Solutions, a leading provider of high-performance solid state drives (SSDs) for computing devices and systems.
.06 back up. Under .10 will be history soon! $ ocztq $
Hold tight! They will shake this green tree. Go $ ocztq $
BOOIOOM! .07 UP! GET IN FAST IMO! GOING BOOM BOOM!
.05 falling! It's going to fly high!! $ ocztq $
My target . .. .55 imo soon! Ocztq now under Toshiba! They bought it all!! Toshiba knows this will fly and they will make HUGE BANK. Glta!
On the verge of BOOOOM!! $ OCZTQ $
IMO..THIS STOCK WILL BREAKOUT SOON..THIS IS NOT LIKE OTHEr JUNK PINKIES..HAS ITS OWN VALUE AND NOW TOSHIBA IS OWNING THIS...HOPE THEY WILL TAKE CARE OF SHAREHOLDERS VALUE ALOS...GO OCZTQ $$$$$$$$$$$$
Bigger news last night, yet it tried to gap up this morning with .06 on the ask, now back to .05......Will this continue to push south, or breakout on the news.....considering this was trading @ $2 before the crash, its awful quiet out there.....!?
OCZTQ..NEWS OUT..
http://www.otcmarkets.com/stock/OCZTQ/news
SAN JOSE, CA, Jan 22, 2014 (Marketwired via COMTEX) -- OCZ Storage Solutions -- a Toshiba Group Company and leading provider of high-performance solid state drives (SSDs) for computing devices and systems, today announced its new Vertex 460 SATA III SSD Series. As part of the renowned Vertex series, Vertex 460 continues the legacy by delivering an exceptional mainstream solution with advanced storage performance, reliability, and quality that meet the demands of today's client applications.
Evolving from the 20nm-based Vertex 450, the new Vertex 460 uses the company's proprietary Barefoot 3 (BF3) M10 controller with state-of-the-art Toshiba 19nm MLC NAND flash memory to deliver a superior, cost-effective solid state storage solution. With an emphasis on real-world performance across all capacities, Vertex 460 SSDs start fast and continue that way over time, excelling in write speeds without the use of synthetic software-based optimization. The new series delivers excellent sustained and mixed-workload performance across the board whether the data is in compressed or uncompressed formats, as well as an accelerated and more responsive computing experience. Vertex 460 offers up to 545 MB/s sequential reads, 525 MB/s sequential writes, 95,000 4K random read IOPS, and up to 90,000 4K random write IOPS, while featuring sustained 4K random write performance up to 23,000 IOPS.
OCZ's BF3 M10 controller is a derivative of the original that features AES-256 encryption and a power-optimized clock targeted at the mainstream market that does not compromise performance. With a priority on reliability and flash-optimized endurance, Vertex 460 SSDs are rated to deliver 20GB of host writes per day for a 3-year warranty, and feature an advanced suite of flash management tools that analyze and dynamically adapt to increasing NAND vulnerabilities as flash cells wear, heightening data integrity and drive life over the long term.
The Vertex 460 SSD Series is now available in 120GB, 240GB, and 480GB capacities with ultra-slim 7mm alloy housing to support today's thin form-factor notebooks, and is bundled with $55 worth of accessories including a 3.5-inch desktop adapter and Acronis?? True Image(TM) cloning software to enable quick and easy data transfer from legacy hard disk drives to high performance SSD storage.
About OCZ Storage Solutions
OCZ Storage Solutions -- a Toshiba Group Company is a leading provider of high performance client and enterprise solid-state storage products and is a wholly-owned subsidiary of Toshiba Corporation. Offering a complete spectrum of solid-state drives (SSDs), OCZ Storage Solutions leverages proprietary technology to provide SSDs in a variety of form factors and interfaces to address a wide range of applications. Having internally developed firmware and controllers, virtualization, cache and acceleration software, and endurance extending and data reliability technologies, the Company delivers vertically integrated solutions enabling transformational approaches to how digital data is captured, stored, accessed, analyzed and leveraged by customers. More information is available at www.ocz.com.
IS OCZ SHARES ARE STILL GOOD TO HOLD...
SAN JOSE, CA, Jan 21, 2014 (Marketwired via COMTEX) -- Toshiba Corporation, a global technology leader and manufacturer of NAND flash memory, today announced that the Company has finalized the purchase of substantially all assets of OCZ Technology Group (PINKSHEETS: OCZTQ), making it a wholly owned subsidiary and Toshiba Group Company. Effective immediately, the Group company will operate independently as OCZ Storage Solutions, a leading provider of high-performance solid state drives (SSDs) for computing devices and systems.
The acquisition provides Toshiba with OCZ's enterprise and client SSD businesses and enables the established OCZ brand to continue in full force with a current product portfolio that includes SATA and PCIe consumer drives for high-performance and mainstream applications, and SATA, SAS and PCIe enterprise drives supported by virtualization, cache and acceleration software. OCZ Storage Solutions will leverage Toshiba's cutting-edge NAND and combine it with the Company's proprietary controllers, firmware and software to provide both client and enterprise customers with innovative and cost-effective solid-state storage solutions.
"The acquisition of OCZ further expands our solid-state storage capabilities and represents Toshiba's commitment to this high-growth area," said Mr. Seiichi Mori, Vice President of Toshiba's Semiconductor and Storage Company and Corporate Vice President of Toshiba. "Our goal is to offer a leading edge portfolio of solid state solutions to address the storage challenges faced by both client and enterprise customers, and the acquisition of OCZ is an ideal addition to our team in realizing this strategy."
"We are very excited to be part of the Toshiba family where we will continue to develop new and unique solid-state storage technologies that position the new entity as a market leader," said Ralph Schmitt, CEO for OCZ Storage Solutions. "With Toshiba's financial strength and portfolio of leading-edge NAND flash memory, OCZ is now in a advantageous position as one of the few companies in the SSD industry with advanced controller IP and NAND flash supply under one global organization, which in turn will help enable more robust and competitive solid-state solutions going forward while expanding our market presence in the rapidly growing SSD market."
As a Toshiba Group Company, OCZ Storage Solutions will continue to maintain its established worldwide sales channels. The new Company's headquarters will remain in San Jose, California, with strategic design centers located in Irvine (California), Tel Aviv (Israel), and Abingdon (UK).
For more information about OCZ and its complete product portfolio, please visit www.ocz.com.
For OCZ enterprise products, please visit www.ocz.com/enterprise.
For OCZ consumer products, please visit www.ocz.com/consumer.
About Toshiba
Toshiba is a world-leading diversified manufacturer, solutions provider and marketer of advanced electronic and electrical products and systems. Toshiba Group brings innovation and imagination to a wide range of businesses: digital products, including LCD TVs, notebook PCs, retail solutions and MFPs; electronic devices, including semiconductors, storage products and materials; industrial and social infrastructure systems, including power generation systems, smart community solutions, medical systems and escalators & elevators; and home appliances.
Toshiba was founded in 1875, and today operates a global network of more than 590 consolidated companies, with 206,000 employees worldwide and annual sales surpassing 5.8 trillion yen (US$61 billion). Visit Toshiba's web site at www.toshiba.co.jp/index.htm
About OCZ Storage Solutions
OCZ Storage Solutions - a Toshiba Group Company is a leading provider of high performance client and enterprise solid-state storage products and is a wholly-owned subsidiary of Toshiba Corporation. Offering a complete spectrum of solid-state drives (SSDs), OCZ Storage Solutions leverages proprietary technology to provide SSDs in a variety of form factors and interfaces to address a wide range of applications. Having internally developed firmware and controllers, virtualization, cache and acceleration software, and endurance extending and data reliability technologies, the Company delivers vertically integrated solutions enabling transformational approaches to how digital data is captured, stored, accessed, analyzed and leveraged by customers. More information is available at www.ocz.com.
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OCZ Technology Group, Inc. ("OCZ") Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. is a leader in the design, manufacturing, and distribution of high performance and reliable Solid-State Drives (SSDs) and premium computer components. OCZ has built on its expertise in high-speed memory to become a leader in the enterprise and consumer SSD markets, a technology that competes with traditional rotating magnetic hard disk drives (HDDs). SSDs are faster, more reliable, generate less heat and use significantly less power than the HDDs used in the majority of computers today. In addition to SSD technology, OCZ also offers high performance components for computing devices and systems, including enterprise-class power management products as well as leading-edge computer gaming solutions.
Founded in 2002, San Jose, California-based OCZ Technology Group, Inc. has built on its expertise in high-speed memory to become a dominant player in the manufacturing and distribution of solid state drives (SSDs), a disruptive, game-changing technology that is replacing traditional rotating magnetic hard disk drives (HDDs). SSDs are faster, more reliable, run cooler, and use significantly less power than the HDDs used in the majority of computers today. In addition to SSD technology, OCZ also offers high performance components for computing devices and systems, including enterprise class power management products and industrial power accessories
OCZ Technology was founded by enthusiasts, for enthusiasts, and our commitment to that end-user group has not digressed. Entering the memory market in 2002, OCZ was built around the determination to manufacture the very best high-speed memory for overclockers. In this pursuit, OCZ became the first manufacturer to make dual channel optimized memory kits available to the public, which originally took advantage of NVIDIA's Twinbank, or Dual DDR architecture, found in their nForce chipset. Over the last decade, we have maintained that thirst for innovation and performance leadership in multiple categories including power management and solid state storage.
Today, OCZ, a member of JEDEC, is a leader in the design and manufacture of SSDs for both the consumer and enterprise markets and continues to be a front-runner in the industry. OCZ has also transformed the enthusiast and gaming power supply market, designing a high performance line of power supply units (PSUs) over the course of the last five years that achieved hundreds of accolades from top industry press. PSUs have become a significant hub of innovation and milestones for OCZ. Most notably, our Z-Series was the first 80 Plus Gold certified PSU to hit the market.
In 2007, PC Power & Cooling was brought into the OCZ Technology Group, forming a well-rounded, highly innovative organization that placed the company at the forefront of enthusiast and industrial grade power management. PC Power has produced many pioneering products including the first CPU cooler, the first PC heat alarm, the first independently-regulated PC power supply, the first redundant power system, the first NVIDIA certified SLI supply, the first One Kilowatt computer power supply, and the first power supply with its own certified test report.
In recent years, OCZ has expanded beyond memory and power supplies, being one of the first major consumer brands to bring solid state drives to the market in a mission to spark mainstream adoption over traditional hard drives. Putting an end to the acceptance of slower, less reliable storage options, OCZ set out to deliver affordable, premium high-performance SSD solutions. OCZ was the first manufacturer to implement the renowned performance of the Indilinx Barefoot controller in their SSD solutions with the ground-breaking Vertex Series, which paved the way for a surge of "me-too" solutions. Determined to remain innovative, OCZ developed two unique SSD series, Vertex Turbo and Agility, focused on higher performance and greater affordability. Furthermore, OCZ's concern with SSD performance degradation spawned its quest for the "garbage collection" and TRIM support found in OCZ SSDs today.
With fortitude unlike any other company, OCZ continues to lead the way for this burgeoning technology. SSDs have the potential to revolutionize our everyday computing experience or even an entire business' productivity and OCZ is dedicated to making them even better, faster, and more reliable. Our latest and next generation of SSDs are designed with both the consumer and enterprise market in mind, forming a distinct company philosophy of affordability and quality that goes into both product lines.
At OCZ we have one primary goal, and it is to make sure that every customer is 110% satisfied. Every employee at OCZ is dedicated to accomplishing this goal. Our product management and engineering teams are constantly developing the fastest and best performing products. Our marketing department ensures all the information needed to make an informed purchase is available and presented in an easy to understand format. The technical support department constantly studies and tests the latest hardware to be as informed as possible to help you with any issue you may have. Our customer service department is filled with customer satisfaction fanatics who will refuse to let you be disappointed.
We offer competitive, industry-leading warranties on our complete lineup of SSD, PSU, and DRAM products. We back this warranty with friendly, courteous staff that is willing to answer any question. OCZ Technology is in tune with the needs of enterprise, enthusiasts, and mainstream consumers alike, because we are just like you. We seek motivated, qualified applicants, who already have a firm grasp, and a passion for the PC. Our global support team diligently works to provide unparalleled service, and our renowned support forums can be referenced at anytime.
OCZ Technology Group, Inc. (OCZ) is a provider of high performance solid state drives (SSDs) and memory modules for computing devices and systems. In addition to its SSD and Memory Module product lines, the Company also designs, develops, manufactures and distributes other high performance components for computing devices and systems, including thermal management solutions and alternating current/direct current (AC/DC) switching power supply units (PSUs). The Company offers its customers flexibility and customization by providing a range of solutions, which are interoperable and can be configured alone or in combination to make computers run faster. Through its diversified and global distribution channel, it offers more than 450 products to 376 customers, including retailers, online retailers (etailers), original equipment manufacturers (OEMs) and computer distributors. In February 2010, OCZ divested its Hypersonic Personal Computer (PC) Systems product lines. In March 2011, the Company acquired Indilinx Co., Ltd.
Solid State Storage and Other Flash Memory Based Products
OCZ designs and manufactures flash memory products in a range of forms and capacities. Its range of flash storage products come in a variety of formats and interfaces. The Company's SSD products are used in computers, servers and industrial equipment that require increased speed, lower power consumption and or increased reliability. Its solid state storage products are available with a range of interfaces including PCIe, SATA, PATA, USB, IE 1394, SAS and mini PCIe and in various form factors, including 3.5 inch, 2.5 inch, as well as card based and external (pen drive based formats). It also manufactures Secure Digital (SD) cards meant for use primarily in consumer applications, such as digital photography.
DRAM Modules
The Company offers a lineup of Dynamic Random Access Memory (DRAM) memory modules utilizing a range of DRAM technologies from legacy double data rate synchronous dynamic random access memory (DDR SDRAM) to DDR3 SDRAM devices. These modules encompass a range of form factors and functions including dual in-line memory modules (DIMMs), small outline dual in-line memory modules (SODIMMs), and very low profile (VLP) DIMMs and mini-DIMMs for space-constrained blade server, or 1.75 inch thin computing server, and networking applications. These memory modules come in configurations of up to 244 pins, which is the number of pins that plug into a motherboard, and densities of up to 8 gigabytes (GB). The Company also accommodates custom module designs based on OEM requirements.
Power Supply
The Company manufactures power supplies that are designed to power computers and industrial devices while maintaining interoperability, adhering to industry standards and increasing output efficiency through design. Its power supplies are designed to operate at higher temperatures and under more demanding internal conditions with stricter load regulation than is required under normal circumstances.
Thermal Management
OCZ designs, manufactures and sells various computer related thermal management products that sell through substantially the same sales channel as other OCZ products. These products take advantage of OCZ developed technology and concepts in order to deliver products that its customer base requests.
The Company competes with STEC, Inc., Fusion I/O, Mtron Storage Technology Co., Ltd., Intel Corporation, Samsung Electronics Co., Ltd., Kingston Technology Corporation, SanDisk Corporation, Crucial Technology, Micron Technology, Inc., Corsair Memory, Inc., Antec, Inc., Thermaltake Technology Inc. and Enermax Technology Corporation.
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