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OCZ raises $15.4 Million Dollars

For SSD development

| Business, Financial & Legal News | Posted: Mar 24, 2010 9:58 pm

OCZ made an interesting announcement today, as the informed the world that they have secured 15.4 Million more dollars for SSD research. This money comes on the sale of 5,151,662 shares of common stock.

 

The money will be poured back into the business to help improve their current and future generations of Solid State Drives. The SSD market is now flooded with these and it takes impressive performance to stand out of the crowd.

 

This is even more so with big companies like Intel and Seagate in the fray (Intel is already on their 2nd generation SSDs). The funds will come in handy as OCZ works to improve their hardware and market share. We can only hope they also can weed out some of the mass of offerings they have out now and give us more clearly defined product lines.

 

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NEWS SOURCES:Dailytech.com

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