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OCZ's fall from grace: A timeline of what led to today's events

By: Charles Gantt | More News: Business, Financial & Legal | Posted: Nov 27, 2013 9:04 pm

Back on October 14th TweakTown first heard a rumor that OCZ was entertaining an offer from Toshiba acquire the company. This was a big deal as OCZ's CEO had recently announced that his company had been having issues acquiring NAND flash modules to build its SSDs. The company had also just posted some very bad losses for Q3 2013, and everything looked ripe for Toshiba to pick up the company for a song.

 

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Soon after, the rumors died down and we mostly thought that they had been just that, Rumors. Fast forward a few weeks and on November 4th, I broke a developing story about Toshiba's stock falling by more than 22-percent in just hours after the market opened. I reached out to OCZ to which a reply never came. By the end of the day, the stock had fallen by more than 30-percent to just $0.65 per share, a 52-week low. Upon opening the next day, OCZ saw its stock fall another 30-percent to $0.44 per share.

 

By November 9th, OCZ's stock was back up to $0.85 per share which was widely attributed to the release of the new SSD that was seeing great reviews across the web including TweakTown. Ten days later on November 19th, TweakTown received word that OCZ had laid off 15-percent of its workforce in an effort to ease its massive $2 million per month cash burn. It appeared as if the SSD manufacturer was attempting to dig itself out of the deep hole it had fallen into. At this point the company's stock had leveled off at around $0.70 per share.

Continue reading 'OCZ's fall from grace: A timeline of what led to today's events' (full post)

Microsoft's Xbox Video service has launched on the web; but no HD

By: Idene Saatchi | More News: Internet & Websites | Posted: Nov 27, 2013 8:40 pm

Microsoft is launching its Xbox Video service on the web today. Previously Microsoft had said they would launch their Xbox Video service on the web and Windows Phone 8 by the end of this year. They are planning to release the Windows Phone 8 version shortly. With the web service you'll be able to access TV show and movies, just like the Windows 8.1 version. Although both the app and the web version lack HD. Content in HD is only available on the Xbox one or Windows 8.

 

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You will need to use Microsoft's Silverlight plug-in to stream content through your web browser. Pre-purchased content is available immediately to stream, other content can be purchased and streamed and will automatically be available on your Xbox One or on Windows 8. The Xbox Video web service is up now and can be found at video.xbox.com

OCZ's stock opens back up for trading, down 74-percent in minutes

By: Charles Gantt | More News: Business, Financial & Legal | Posted: Nov 27, 2013 8:07 pm

With OCZ's officially announcing that Toshiba has bought the entirety of its assets but not the company as a whole, trading has opened back up and in just the past few minutes we have seen the stock drop by 75-percent. OCZ opened at $0.35 per share and at the time of this writing is trading at just above $0.168 per share.

 

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The death of OCZ is finally here and with no assets left to compete in the industry, the company will most likely be de-listed by the end of the day. The markets have about an hour left before trading closes and in the time it has taken me to write this paragraph, the stock has fell another few points to just $0.162 per share.

OCZ Technology assets acquired by Toshiba

By: Charles Gantt | More News: Business, Financial & Legal | Posted: Nov 27, 2013 7:34 pm

Earlier I reported that trading had been suspended on OCZ's stock, and it appears that there may be more to the story than just having its stock trading halted. Unnamed sources have told TweakTown that Toshiba has quietly completed its acquisition of OCZ's assets as the company prepares to file for bankruptcy and that the companies closed escrow on most of OCZ's assets yesterday.

 

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In a call just weeks ago OCZ's CEO, Ralph Schmitt, stated that in-house manufacturing was halted and a third-party had picked up manufacturing. Weeks later TweakTown reported from the rumor mill that OCZ and Toshiba were talking. Last week Storage Review displayed a picture of an OCZ Indilinx Barefoot 3 controller in a Panasonic SSD. Panasonic is another company based in Japan and has close ties to Toshiba. Panasonic wouldn't release a new SSD with a controller from a company headed for bankruptcy without some inside knowledge.

 

Now the events over the last 30 days make perfect sense. When a major investor pulled out due to OCZ's cash burn issues, Toshiba swooped in and made the company an offer it could not refuse. This explains the lack of statements made to investors when things started turning south.

Continue reading 'OCZ Technology assets acquired by Toshiba' (full post)

Cloud storage service MEGA launches a new official app for iPhone

By: Charles Gantt | More News: Apps | Posted: Nov 27, 2013 5:57 pm

When Kim Dotcom first launched MEGA almost a year ago, he said that one day it would become the go-to cloud storage service for everyone, and today MEGA took its next step in that direction. MEGA announced today that it has finally launched an official mobile app for iOS.

 

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While there are many cloud storage services out for iOS, MEGA's biggest draw is 50GB of space for free which is encrypted with 256bit AES algorithms making it virtually crack proof. Additionally, for just $10.99 per month, an additional 500GB of storage space can be added which outpaces Dropbox, Google Drive, and Box by quite a bit. The app is available now in the Apple App Store and can be found at the source link below.

BreakingTT: Trading suspended on OCZ stock, price frozen at $0.63

By: Charles Gantt | More News: Business, Financial & Legal | Posted: Nov 27, 2013 4:18 pm

Today it appears that the ongoing saga of OCZ's roller coaster ride on the stock market has finally came to an end. Earlier this morning, weeks of ups and downs in the company's share price as well as rumors of massive financial troubles finally came to a head when trading was halted on the SSD manufactures stock.

 

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Trading was suspended after shares failed to rebound above $1 over the last 30 days, and solidifies rumors that the company is quickly approaching its end of life. I have reached out to several industry analyst, and the general conscious appears to be that the company will either file bankruptcy very soon, or someone like Toshiba will swoop in and buy OCZ for pennies on the dollar. Personally I am expecting them to be bought out, as that makes the most sense at this point.

 

A few weeks back, our own Chris Ramseyer all but predicted today's outcome in his review of OCZ Vector 150 120GB SSD. Chris poised a question, asking if OCZ would be around six months from now, and I guess the answer has arrived.

Continue reading 'BreakingTT: Trading suspended on OCZ stock, price frozen at $0.63' (full post)

AMD is working on "Vesuvius", a dual-GPU card based on Hawaii XT

By: Anthony Garreffa | More News: Video Cards | Posted: Nov 27, 2013 12:38 pm

If you were holding off on pulling the trigger on that fancy new Mantle-capable AMD Radeon R9 290X, this news is just for you. According to "reliable sources" of VR-Zone, AMD is planning on releasing a new dual-GPU based on two Hawaii XT cores - the same core used in the R9 290X.

 

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The dual-GPU has a unique codename: "Vesuvius", which is the only active volcano in Europe, and is located in the east coast of the Bay of Naples, in southern Italy. There's not much known about the card, but there are some questions: the R9 290X has had power issues, and gets pretty hot as it is, so what would AMD do with two of these cores on the single PCB?

 

We're talking about some serious horsepower here, which is going to generate lots of heat, which will require a more than formidable cooling setup. Exciting times ahead, I'm looking forward to what AMD can show us in the coming months.

Google Chrome extension lets you use the 'OK Google' command

By: Anthony Garreffa | More News: Internet Browsers | Posted: Nov 27, 2013 12:34 pm

I'm a big fan of the 'OK Google' movement on my Nexus 5, and I can't wait to get my hands on Glass, but now there's a Chrome extension that gives you the same voice command ability with Google Search.

 

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If you have a microphone hooked up to your computer, or alternatively if you're using a notebook/Ultrabook with one built-in, all you have to do is say "OK Google" and a question, and it will look it up for you. The best questions, I've found, are asking it about the weather, or time, or a crazy math question.

 

You can get this all from the Chrome Store, by downloading the extension and trying it out. Do let us know how your travels are with the extension!

GTA IV with Oculus Rift and the Cyberith Virtualizer is next-gen

By: Anthony Garreffa | More News: Virtual & Augmented Reality | Posted: Nov 27, 2013 11:30 am

Here I am thinking my Oculus Rift is all I need, but then I see this new Cyberith Virtualizer playing Grand Theft Auto IV in virtual reality, mixed with the Nintendo Wii remote, and I'm getting excited about the true, next generation of gaming.

 

 

You need to see the video to understand what is being done, but in a written nutshell, Cybertith's Virtualizer is similar to that of the Virtuix Omni, where it's a treadmill you stand on, and then you walk 'in' the game. Oculus Rift is used for the visual side of things, and the Wii remote from Nintendo is used for the motion controls.

 

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It's not super slick yet, but if this is just what a team of programmers and gamers can do - imagine what we'll have in a few years time. Next-gen consoles with the same controllers we've used - but an evolution of them - is not exciting. Virtual reality, and this type of tech from Cyberith, is incredibly exciting for both the technology and gaming worlds.

There is untapped potential in the Xbox One because of yield issues

By: Anthony Garreffa | More News: Gaming Consoles | Posted: Nov 27, 2013 10:33 am

The Xbox One is slower than the PS4 in terms of raw performance, but this looks like it could be intentional, with Microsoft stating that the Xbox One development kits featuring 14 AMD Graphics Core Next Compute Units, with two of these CUs disabled.

 

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Microsoft has said that the benefits to running just 12 CUs (786 cores) clocked at 852MHz versus 14 CUs (896 cores) clocked at 800MHz. This allows the Xbox One to run cooler, and keeps the yield rates much higher. We should expect Microsoft to enable the additional two CUs, which I think we'll see in a refresh of the console a couple of years from now.

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