OCZ to halt DRAM production completely
Posted by Hilbert Hagedoorn on: 01/11/2011 04:21 PM | 0 comment(s) ]
A while ago OCZ already announced that it would pull back from the enthusiast memory market, but in the latest Third Quarter Results OCZs Ryan Petersen, CEO mentioned that it is going to halt DRAM production completely.
In August 2010, the Company 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, since that time, there has been well-chronicled, continued weakness in the global DRAM markets.
Having balanced this DRAM market weakness against the capital needs of the Company's growing SSD products, the board has determined that it is in the best interests 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.