SSD Supplier OCZ Filing for Bankruptcy, Announces Offer from Toshiba to Purchase Assets

 

SAN JOSE, CA — (Marketwired) — 11/27/13 — OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid state drives (SSDs) for computing devices and systems, today announced that on November 25, 2013, it received notices that Hercules Technology Growth Capital, Inc. (“Hercules”) took exclusive control of the Company’s depository accounts at Silicon Valley Bank and Wells Fargo Bank, National Association. As set forth in the Company’s recent SEC filings, Hercules and the Company are parties to a loan and security agreement. As previously reported, the Company is not in compliance with certain of the operating ratios and covenants in the loan agreement. As a result of such action and pursuant to Hercules’ written instruction, the depository institutions disbursed the cash in the Company’s respective accounts to accounts under the control of Hercules.

The Company has received an offer from Toshiba Corporation to acquire substantially all of the Company’s assets in a bankruptcy proceeding. The parties have substantially completed negotiations on an asset purchase agreement and OCZ believes that all the material terms have been agreed to. The agreement is subject to various conditions: the preservation of the value of the business, including the retention of employees, the negotiation and execution of definitive documentation, the filing of bankruptcy petitions by the Company and certain of its subsidiaries, Toshiba’s offer being accepted by the bankruptcy court as the highest and best offer under the circumstances after an auction process conducted under the relevant provisions of the United States Bankruptcy Code, and other customary closing conditions. The Company expects to file a petition for bankruptcy shortly after completing final documentation with Toshiba and Hercules, and to conduct the court-supervised auction process to attempt to maximize the value of the Company’s assets and operations in an orderly process. More details will become available when the Company files its petition for bankruptcy.

If the Company is not able to agree to final documentation with Toshiba, the Company expects to imminently file a petition for bankruptcy and liquidate.

 

More at source

What most schools don’t teach but maybe we should think about more


Computer Science Education Week is coming December 9th – 15th 2013

http://csedweek.org/


As Leaders it’s our role to find the next leaders and also to help educate the next generation. !!

Computers are everywhere now, we depend on technology in every form of life today even driving
the car. Check out code.org


Why computer science?

Computer science provides a foundation for virtually any career – everybody can benefit from learning the basics. Visit Code.org for inspiration.

YouTube Video on Coding

http://www.youtube.com/watch?feature=player_embedded&v=nKIu9yen5nc

What’s an Hour of Code?

It’s a one-hour introduction to computer science, designed to demystify “code” and show that anyone can learn the basics to be a maker, a creator, an innovator.

Learn about a new “superpower” that isn’t being taught in in 90% of US schools and I can tell you this after being a governor of a
school previously it’s not much different any were else in the world.

IT Development and learning coding is going to become more and more important.

Leaders and trendsetters agree more students should learn to code.

Starring Bill Gates, Mark Zuckerberg, will.i.am, Chris Bosh, Jack Dorsey, Tony Hsieh, Drew Houston,
Gabe Newell, Ruchi Sanghvi, Elena Silenok, Vanessa Hurst, and Hadi Partovi. Directed by Lesley Chilcott,
executive producers Hadi and Ali Partovi.

 


www.Code.org is a site that can teach coding

 

 

Moonshot Thinking – Instead of a mere 10% gain, a moonshot aims for a 10x improvement over what currently exists

 

Moonshots live in the gray area between audacious technology and pure science fiction. Instead of a mere 10% gain, a moonshot aims for a 10x improvement over what currently exists.

The combination of a huge problem, a radical solution to that problem, and the breakthrough technology that just might make that solution possible, is the essence of a moonshot. 

When you find you passion you’re unstoppable and you can make amazing things happen it’s been proven in history.

Aiming High isn’t always about doing the impossible it can about just thinking different or thinking you can instead of thinking you can’t. We so often in life get discourage from thinking
you can and thinking you can make a difference. I try to champion you can and we will in all my teams.

 

Imagination Is More Important Than Knowledge. – Albert Einstein

I Am One Of Those Like Nobel, Who Thinks Humanity Will Draw More Good Than Evil From New Discoveries. – Marie Curie


Have the courage to try is what it’s all about


Watch a video about moonshot thinking
http://www.youtube.com/watch?v=0uaquGZKx_0


Please join us at 
http://www.solveforx.com and browse through the hundreds of moonshots that have been curated by the community

 

 

EMC Announces General Availability of XtremIO All-Flash Array


EMC Announces General Availability of XtremIO All-Flash Array

Unique Scale-Out Architecture Maximizes Flash Performance without Compromising Efficiency or Durability


HOPKINTON, Mass. — November 14, 2013

Summary:

Interact with EMC Online:

Full Story:

EMC Corporation (NYSE:EMC) announced general availability of EMC® XtremIO, the industry’s first and only all-flash array to provide consistent and predictable extreme performance to any application workload over any period of time, regardless of whether the array is idle or busy, empty or full. To achieve this, EMC XtremIO features several unique flash innovations: a scale-out multi-controller architecture with linear scalability; deduplication that is always on, and always inline; data protection that is 6X more efficient and 4X faster than traditional RAID.

            Under the covers, EMC XtremIO is architected differently than any other all-flash array. Four key technologies work in concert to maximize performance without compromising efficiency or durability:

  • Content-Based Data Placement
  • Dual-Stage Metadata Engine
  • XtremIO Data Protection (XDP)
  • Shared In-Memory Metadata

EMC expects XtremIO to be a leader in the all-flash array market, which IDC forecasts to grow to $1.2 billion in revenue by 2015*. The new array is already in high demand, with 10 Petabytes of effective deduplicated capacity already sold through EMC’s Directed Availability program (announced in March 2013).

XtremIO Technology Highlights

Customers are looking to all-flash arrays to support workloads that need predictable and consistent low-latency across datasets that frequently change – such as VDI, virtual servers, massively consolidated databases and test/development environments. With XtremIO, these workloads not only achieve better performance, but also improved $/IOPS and greater administrative simplicity. There are four key architectural differences that set XtremIO apart from other all-flash arrays:

  • Content-Based Data Placement keeps the array inherently balanced and optimized to within a fraction of a percent across all SSDs and array controllers and removes duplicate data inline in the data path.
  • Dual-Stage Metadata Engine allows the array to fully leverage the random access nature of flash and place data anywhere in the array without requiring system level back-end cleaning processes (also known as garbage collection). This enables XtremIO to avoid the up to a 50% performance hit in IOPS, up to 1000% increase in latency, and up to 10X reduction in flash endurance compared to other flash arrays that use system level garbage collection.
  • XtremIO Data Protection (XDP) is a flash-specific algorithm that guards against SSD failures while delivering up to 6X more usable capacity than traditional RAID. XDP allows end-users to utilize 100% of the capacity on XtremIO – while maintaining maximum levels of performance. Other all-flash arrays will begin to show degraded performance when they reach 60% to 80% of capacity. This means that XDP delivers up to 40% more usable capacity compared to other all-flash arrays. In addition, the efficient XDP algorithms deliver up to 4X better performance and flash endurance than RAID in long-term production data center conditions.
  • Shared In-Memory Metadata enables the array to deliver the widest range of performance, and to rapidly clone information already in the array to massively accelerate common tasks like deploying virtual machines. Virtual machine clones are created at up to 20X the network bandwidth between the host and the array, several times faster and with lower impact to production virtual machines than other all-flash arrays.

XtremIO is a scale-out array based on building blocks called X-Bricks. Each X-Brick is available with 10TB of capacity – with an additional option for 20TB of capacity expected to be available early next year. XtremIO arrays deliver up to one million fully random IOPS with over 250TB of effective capacity in a single XtremIO cluster with inline deduplication. A single XtremIO cluster scales from two to eight controllers and up to 128 cores, capable of handling any OLTP Database, virtual server and VDI workload – with all data services active.

In addition, XtremIO is integrated within the EMC ecosystem to provide additional capabilities, ease-of-use, and compatibility. A VCE Vblock Specialized System for Extreme Applications based on XtremIO all-flash arrays provides unparalleled VDI end-user computing performance at unprecedented cost per virtual desktop, which customers can begin ordering by the end of 2013. XtremIO array management is also integrated with VMware vSphere and accelerated with VMware’s VAAI storage APIs. In addition, XtremIO is supported with other EMC technologies including EMC VPLEX, EMC PowerPath® and EMC Secure Remote Support (ESRS).

Customer Quotes

Brian Dougherty, Chief Technical Architect at CMA Consulting Services

“CMA is a leader in building very large scale technical platforms for healthcare applications. Our multi-tenant Oracle RAC environment generates a mixture of large sequential and random IO workloads simultaneously. We needed a specialized weapon that could handle the large mixed random and sequential workloads, while never degrading performance. We also needed a solution that was simple to manage and configure – configuring 10’s of terabytes of storage in a matter of minutes versus hours – with protection. We chose XtremIO because it delivers better performance, is simple to manage and configure and significantly lowers our total cost of ownership. It stood far apart from other solutions and reset our expectations for what we can do as an IT organization in our Oracle RAC environment.”

Russ Norman, Senior Manager of Systems Engineering at E*TRADE

“Performance, reliability, and speed are critical in our application environments. We require an infrastructure that provides very low latency, allowing orders to be processed quickly. We are deploying XtremIO to get us to the next level of performance – but even more than that provide us with new levels of usability for our applications. With these lower storage latencies, we can process higher numbers of IOPS and move larger amounts of data. We found on average writing to the XtremIO array to be between 0.25 to 0.3 millisecond response time, with reads being somewhere around 0.2 millisecond. This was, consistent with workloads between 100,000 to 200,000IOPS. In addition, XtremIO’s thin provisioning and inline deduplication were selling points for us also for cost and capacity efficiency.”

Partner Quotes

Todd Pavone, Executive Vice President, Product Development and Strategy at VCE

“The Vblock Specialized System for Extreme Applications with EMC XtremIO all flash-based arrays delivers exceptional performance for scalable, data-intensive virtual desktop infrastructure (VDI) solutions such as VMware Horizon View and Citrix XenDesktop. VCE’s best-of-breed converged infrastructure provides customers with rapid response times, unmatched ease of use and, best of all, proven scalability for up to hundreds of thousands of virtual desktops at an incredible price point.”

Erik Frieberg, Vice President, Product Marketing, End-User Computing at VMware 

“XtremIO provides flash memory performance for unique and demanding workload requirements found in VDI environments. XtremIO all-flash arrays with VMware Horizon View™ will enable our joint customers to achieve high performance and efficiency, with the ability to lower costs.”

Channel Partner Quotes

Click here to view what channel partners have to say about XtremIO.

Analyst Quote

Laura Dubois, Research VP of Storage at IDC

“What I find most compelling about XtremIO is the unique architecture. Core functions such as granular metadata processing, shared in-memory metadata handling and content-based data placement are enablers to XtremIO’s impressive sustained IOPS metrics while offering core services – including deduplication and copy data services. There are other all-flash arrays with impressive performance metrics – but not for a sustained basis. The other standout capabilities with this system are native inline deduplication, in-memory metadata only copy and a scale-out architecture. These are attributes not all of the ‘all-flash array’ solutions on the market offer.”

EMC Executive Quote

CJ Desai, President, Emerging Technology Products Division

“Flash continues to be a major disruptive force – and an incredible market opportunity in storage. There is an insatiable appetite for performance driven by next generation data center workloads in both physical and virtual environments. EMC’s strategy is to leverage flash technology across the entire storage infrastructure with a best-of-breed product portfolio that allows us to deliver customers choice. With XtremIO, we’re delivering this fast growing market with a specialized solution that delivers ‘more’ – more consistent and predictable performance, more scale, more integration and more data services. And most importantly, we’re doing this on a fundamentally better architecture, which will allow us to easily deliver even more value-added features over time.”

Additional Resources:

“IT isn’t easy but IT can be rewarding in lots of ways”


IT isn’t always fun, nor is life but achieving business benefit and making a difference is what it should be all about.

As a technology leader and evangelist it’s always important to try and see the wood for the trees and look forward to how IT can enable, empower and change people’s lives. To me that’s what I try and practise and enjoy the most. Technology, like everything else comes and goes. During the last 20 years, I’ve as a lot of others have witnessed extensive changes in IT, including the rise and crash of the internet boom, movement away from IT closets to mega datacentres, 9600 broad modems, Compuserve and AOL to Cloud Service Providers, Year 2000 application overhauls, Centralised applications to Mobile applications, DEC Alpha’s to NVidia Grid GPU based computing, the rise of a windows based thin client industry to a Virtual desk, and lastly one of the biggest shifts in the past few years, the move from a physical system world to virtualisation system world.

The most fundamental thing that happens in life is change. To me change is what can make IT FUN and rewarding. We can’t hold change back even though as humans we don’t really like change. Change is not easy and change is not always fun, especially in the IT industry. However in this fast moving world one has to learn to adapt and move with the environment or one will get left behind!!

As say to lots of people “IT isn’t easy but IT can be rewarding in lots of ways” today IT departments and personally we spend vast sums of monies supporting or keeping the lights on and continuing to service the applications, solutions or infrastructure. That’s today where we sometimes forget to see whether it actually does add any benefit. Certainly the pressure is always on to do more for less and keep the lights on long but again is that changing the dial or making benefit are we finding ourselves.

As a leader in technology, I attend varying conferences and speak to many people on what I possibly see could be where the future lies in the IT / technology industry and how that IT or Technology could be made to be fun, rewarding and interesting for the end users and the business operators.

However, my belief is that fundamentally all it takes is the simplest things to make a difference for the people around you and that is what makes IT fun and rewarding in my eyes. That difference can be as simple as logging a service desk ticket for someone or writing an application. It doesn’t have to be hard or extravagant – it just has to make the difference. It can also be the difference of getting up in the morning and believing you should and can do something to help someone or something every day.
There is also sometimes cool technology involved. Too often in IT we put too much emphasis on the very large problems whereas it could be the simplest things that are frustrating people and turning your day as an Analysis, Manager, Senior Manager, Director, VP etc. into a night mare. Usually because I think the sprite of want to assist and help or listen is being missed.

Over the past 20 years making a change myself hasn’t been without fault. “If you fall off the horse, get up and get back on it.” This is what enjoying work or having FUN should be all about. Yes we have days, months and years where IT or life isn’t easy but doesn’t everyone? I’ve been really fortunate to have some really great mentors and bosses, my career path has not always been easy, but we shouldn’t look for the easy things as life would be boring if we weren’t challenged.

During my career, I’ve noticed one of the challenges that can really make IT or technology particularly hard is when end users are having issues, even if it is your family at home hounding you because they can’t get on the internet. An example I would like to share to emphasize my point on how focusing on the simple things could bring the FUN back into work.

Problem: A person having a printer issue:

Printer isn’t working for a user (out of toner or offline). The document that is needed to print is for an important meeting. The user rings up the help desk and logs a ticket for the issue. Help desk does not action the ticket as it is seen as low priority. User becomes upset as the repercussions on not having that document printed for the meeting are huge.

Answer: The long term solution to the problem is IT recognising that the business needs to get a printing solution where users can print anywhere in the building.

What’s the best short term answer that can benefit both the user and IT helpdesk: – Actually speaking to the user might get you a total new insight into the issue- The user would have been more than happy with some good old fashion common sense and having someone bring some toner and fix the printer quick smart, or even print the document on another printer until they are able to come by and fix the printer.

However from my experience this IT problem can become a life problem as the common sense solution that is staring you in the face is not the simplest thing to do, getting shouted at is not the nicest thing to absorb.

Just seems a lot of the time we try to achieve, support and develop things for the users and come out failing miserably

Flipping this around and have some common ground is when you get it right. Let’s see what happens when the approach by the IT Helpdesk is different

Example Printer isn’t working for a user (out of toner or offline). The document that is needed to print is for an important meeting. The user rings up the help desk and logs a ticket for the issue

Answer: Helpdesk tech acknowledges the issue as urgent, prints the document and also gets a tech to go and visit the printer and user. User is genuinely happy, you get a smile and positive feedback. Life goes on and the tech thinks what a great day

Users expect benefit from IT through efficient use of IT resources else they think their time is really not being wasted

The user doesn’t always remember nor, does the tech always remember the good parts which leads to IT becoming very much like a super market. Users tend to have very short memories for positive actions and very long memories for mistakes.

The solution as I see it is educating the user and the technical team that IT is not a super market but more of a partner. This is not a change that can happen overnight with the business but the benefits can and are huge. Trying to achieve in IT or life can be an uphill battle but why not try, you might find the business / users respond better and IT might not get such a bad vibe.

One thing for certain we can’t please everyone and some days it’s really hard but for all of us as users and providers but if we don’t try then who can be the ones that lose out, trying is what makes things hard but also rewarding