OCZ Technology Cutting Back Memory Business To Focus on SSD Market
OCZ Technology Group today announced that they have made a strategic decision to discontinue certain commodity level DRAM module products as part of an optimization plan for its memory business to focus on specialty and high-performance memory offerings. The decision to optimize the DRAM module business comes after careful consideration from OCZ’s Board of Directors, and is being implemented now as the Company has reached sufficient scale in its Solid State Drive segment.
“OCZ continues to focus on Solid State Drive products and away from the
rapidly commoditized standard speed DRAM module market; I am excited
that we have been able to gain sufficient SSD manufacturing scale
allowing us to focus on our strengths,” commented Ryan Petersen, CEO of
the OCZ Technology Group, Inc. Mr. Petersen added, “Our R&D driven SSD business is performing well and is anticipated to be the majority of our revenue going forward, thus the next logical step is refocusing our DRAM business in the
high-performance segment–a limited but more profitable market in which we have traditionally excelled.” “For fiscal 2011, OCZ’s prior revenue guidance was in the range of $200 million to $215 million. We are adjusting DRAM module revenue guidance down by $35.0 million, but all other product lines are anticipated,
based on current booking rates, to be in line with expectations. Adjusted revenue guidance is now a range of $165 million to $180 million.”
Comments are closed.