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.
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.