OCZ, a major manufacturer of SSD, is scheduled to file bankruptcy and is negotiating with Toshiba to sell assets

Solid state drive(SSD), a major manufacturer of OCZ technology, is planning to apply for bankruptcy, and announced that it is currently in the process of negotiating with Toshiba on asset sale.

OCZ Filing for Bankruptcy, Announces Offer From Toshiba to Purchase Assets - MarketWatch
http://www.marketwatch.com/story/ocz-filing-for-bankruptcy-announces-offer-from-toshiba-to-purchase-assets-2013-11-27

Toshiba propose asset acquisition to OCZ of US SSD maker | Money news | latest economic news | Reuters
http://jp.reuters.com/article/marketsNews/idJPL4N0JC3VF20131127

OCZ announced on November 25, 2013 that Hercules Technology Growth Capital Co., Ltd. (Hercules), a large creditor, conducted an account freezing of OCZ's Silicon Valley Bank and Wells Fargo Bank, and filed bankruptcy applications We also plan to negotiate business succession, such as selling assets and handover of employees to Toshiba which is also a leading SSD manufacturer.


The OCZ and Toshiba negotiations are in the final stage under Hercules' s presence, and it is expected that the possibility of selling assets and business succeeding will be announced soon, and if the negotiations with Toshiba are not completed, We will apply for bankruptcy / liquidation promptly.

OCZ is used for SSD production for about one year as SSD market is rapidly expandingNAND flash memoryWe have not made annual profit over the past five years because of difficulty in procuring. The stock price of OCZ listed on Nasdaq fell 74.6% to 0.16 dollars and closed on 27th.

· 2013/12/03 10: 25
Toshiba signed OCZ and asset transfer agreement on SSD business. With this, Toshiba will be able to acquire technology development assets, intellectual property, products and sales network of SSD business if the acquisition is established.