OCZ declares Bankruptcy, Taoshiba Buying Assets - warranties ??
Posted: Tue Dec 10, 2013 1:07 pm
http://www.extremetech.com/computing/17 ... ld-be-lost
Here’s the problem for ordinary consumers: When one company buys another company’s assets in bankruptcy proceedings, that means the IP, equipment, and worker contracts. It often does not mean the warranty service — at least, not explicitly. If Toshiba intended to operate OCZ as a subsidiary, the PR would simply announce that Toshiba had “acquired” OCZ. If the asset purchase agreement included warranty service for OCZ’s customers, the announcement would likely say that, too.
It’s possible that Toshiba and OCZ will still cut a deal for customer support, but it’s unlikely. OCZ will need the asset sale income to pay its creditors, and Toshiba probably isn’t interested in paying for a bunch of users with drives it doesn’t intend to support.
Whether this will result in OCZ products being yanked off the market altogether or dumped at firesale prices is unclear. Probably some of each.
Here’s the problem for ordinary consumers: When one company buys another company’s assets in bankruptcy proceedings, that means the IP, equipment, and worker contracts. It often does not mean the warranty service — at least, not explicitly. If Toshiba intended to operate OCZ as a subsidiary, the PR would simply announce that Toshiba had “acquired” OCZ. If the asset purchase agreement included warranty service for OCZ’s customers, the announcement would likely say that, too.
It’s possible that Toshiba and OCZ will still cut a deal for customer support, but it’s unlikely. OCZ will need the asset sale income to pay its creditors, and Toshiba probably isn’t interested in paying for a bunch of users with drives it doesn’t intend to support.
Whether this will result in OCZ products being yanked off the market altogether or dumped at firesale prices is unclear. Probably some of each.