One of the major SSD (solid state drive) manufacturers, OCZ is being forced to bankruptcy by an investment firm which lent them a mere $30 million. The firm is Hercules Technology Growth Capital, and they are forcing the bankruptcy because some clauses in their meager $30 million lending contract have been breached.
As a consequence, the company is preparing for bankruptcy. In case this goes through, a major SSD manufacturer will be totally destroyed, and Toshiba will buy up all the assets that belonged to OCZ, removing a major competitor in the market for SSDs.
