OCZ is filing for Bankruptcy, however this is a technical bankruptcy, meaning Business continues as usual with the difference that OCZ will become part of Toshiba. The past year OCZ has had a very hard time securing NAND flash modules making their volume shipments of SSDs low. With Toshiba backing them, that at least will be one of the problems that is going to be solved. I also just learned from OCZ that Warranty procedures will continue as normal. This is a technical bankruptcy.
OCZ Technology Group, Inc., a leading provider of high-performance solid state drives (SSDs) for computing devices and systems, today announced that on November 25, 2013, it received notices that Hercules Technology Growth Capital, Inc. ("Hercules") took exclusive control of the Company's depository accounts at Silicon Valley Bank and Wells Fargo Bank, National Association.
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