OCZ accelerates DRAM market exit to focus on SSDs

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OCZ Technology is a US-based manufacturer of computer hardware known for targeting its products primarily at the enthusiast market, first producing performance DDR RAM, USB drives and various cooling products.

But in recent years the company has expanded its product portfolio, and without a doubt one area where it is seeing rapid growth is in the solid-state drive market. In fact, that business unit accounted for 73% of revenue in the last quarter.

The company says SSD revenues reached a record $41.5 million in fiscal Q3 2011, an increase of 325% over the year-ago periodís $9.8 million and a 105% increase sequentially over Q2 2011 SSD revenues of $20.2 million.

To put things into perspective, OCZ said that solid-state drive revenue itself exceeds their historical quarterly revenue totals across all categories. This combined with the overall weakness in the global DRAM market has prompted the company to accelerate their previously announced plans to stop selling its dynamic random access memory products.

Overall the company reported a loss of $8.3 million, or 29 cents a share, for the three months ended November 30, but the company seems confident about its future given the steady growth of the SSD market.

Just last week OCZ showcased their upcoming Vertex 3 line, which feature a next generation SandForce controller capable of pushing maximum read speeds of 550MB/s and maximum write speeds of 525MB/s over a 6Gbps SATA III interface.

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