Soulskill from the long-term-warranty-looking-less-useful dept.
itwbennett writes "OCZ, one of the first commercial solid-state drive (SSD) makers has been blaming a shortage of NAND for its woes for some time now, but things have taken a precipitous turn for the worse: 'For its second fiscal quarter ended August 31, 2013, revenue was $33.5 million, a huge drop compared to revenue of $55.3 million for the first quarter of 2013 and revenue of $88.6 million for the second quarter of 2012. The net loss for this quarter was massive, $26 million, a doubling of the $13.1 million loss in the same quarter last year.' The company has burned through cash, its stock collapsed, and now so have sales. Meanwhile, other SSD makers are doing well. So what is happening here?"
You know, the difference between this company and the Titanic is that the
Titanic had paying customers.