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OCZ Ocz Tech Regs

10.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ocz Tech Regs LSE:OCZ London Ordinary Share COM SHS USD0.001 (REG S)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ocz Technology Share Discussion Threads

Showing 6351 to 6372 of 6500 messages
Chat Pages: 260  259  258  257  256  255  254  253  252  251  250  249  Older
DateSubjectAuthorDiscuss
08/5/2013
13:31
Se today both the CEO and CMO if Fusion-IO stepping down to pursure "entereprenuerial investing opportunities".....maybe both buying 10% of OCZ!
legolass
08/5/2013
09:47
Yes, Cervelo, about time- looks like we won interop, beating Dell and HP- not bad for a company going down the pan!
ch131
07/5/2013
15:23
Lively today
cervelo
18/4/2013
12:20
Great day yesterday, double bottom formed, and the good news keeps coming.



Interop Las Vegas & Network Computing Recognize OCZ for Innovations Advancing the Business Technology Market

SAN FRANCISCO, CA -- (Marketwired) -- 04/18/13 -- Today OCZ Technology Group, Inc. (NASDAQ: OCZ), announced it had been selected as a Best of Interop finalist for the Data Center & Storage award category, recognizing OCZ's innovation and technological advancements in this specific category. The Best of Interop winners will be announced on Tuesday, May 7 at 5:30 pm at the Interop Theater on the Expo Floor during Interop Las Vegas, happening May 6-10, 2013 at the Mandalay Bay Convention Center. For more information visit:

"We are very pleased that our single-card ZD-XL SQL Accelerator is a Best of Interop finalist alongside full system box solutions from Dell and HP, thus validating the optimization and tight integration of our innovative hardware and software systems approach," said Alex Mei, CMO for OCZ Technology Group. "As storage access speed is critical for providing real-time business insights from database applications, this innovative plug-and-play solution not only delivers high performance I/O access, but assures that the data is right, relevant and available on SSD flash when SQL Server needs it."

OCZ will showcase its ZD-XL SQL Accelerator at Interop Las Vegas, the industry's premier technology event enabling IT professionals and technology solution providers to leverage technology to power their business. The Best of Interop Judging Committee, comprised of 16 award-winning IT editors and analysts, reviewed nearly 150 entries and selected finalists based on the products with a significant technical impact with the most potential of advancing the business technology market.

"The Best of Interop Awards acknowledge innovative products and services in business technology," said Andrew Conry-Murray, editor of Network Computing. "At Interop, attendees can see these products on the show floor and have the opportunity to interact first hand with the latest advancements. The selected finalists for 2013 have put forth the most compelling offerings and we congratulate each of the Best of Interop finalists."

The category areas that Best of Interop finalists were selected for include:
•Cloud Computing & Virtualization
•Data Center & Storage
•Management & Monitoring
•Networking
•Performance Optimization & Testing
•Security
•Wireless, Mobility & BYOD Support

In addition to these specific category areas, there will be special awards chosen onsite including: an overall Best of Interop, Best Startup Company and for the first time, an Audience Choice Award that will be selected during the keynote on Wednesday, May 8.

ch131
17/4/2013
15:54
Yes, I'm assuming the nand problem was 25nm, as vertex supplies look to have suffered. The move towards all drives using 20nm nand by the summer should alleviate that as well
ch131
17/4/2013
15:05
Big issue is getting hold of NAND i.e. $18m of unfullfilled orders end Q4. Without a proper NAND supply they cannot get this business profitable. But if they can build great products and sign some enterprises then it make it a no-brainer buy-out for someone who has access to memory
legolass
17/4/2013
14:19
I've bought back in, looks like a much better bet now.
jimmy321
17/4/2013
13:00
Looks like your timing was spot on, Lego! If we can hold onto this premarket rise, then the chart i going to start looking a lot better with a nice double bottom. Too early to say yet though.



OCZ Technology Issues Update for Investors

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SAN JOSE, CA -- (Marketwired) -- 04/17/13 -- SAN JOSE, CA--(Marketwired - April 17, 2013) - OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, provides business update for the fourth quarter of 2013.

The Company is disclosing certain preliminary information about its fourth quarter of fiscal 2013 that ended on February 28, 2013, subject to certain closing procedures and further review by the Company and its auditors. As previously reported the Company estimated that revenue in each of the unreported quarters ending August 31, 2012 and November 30, 2012 is in the range of $65 million to $85 million. This range takes into effect the impact of the reclassification of certain customer costs from operating expenses to revenue, the significant reduction in channel inventory, the timing of revenue recognition and reserves for product returns. The preliminary revenue range for the unreported fourth quarter of fiscal 2013 is estimated to be between $65 million and $70 million. The Company also expects positive gross margins for the fourth quarter. This is an indication that the operating adjustments regarding restructuring and the restatement are behind the Company. Gross margins will continue to improve in the coming quarters due to the streamlining of products and focus on enterprise business. Operating expenses are estimated to be between $23 million and $26 million for the fourth quarter and include non-recurring restatement related charges of approximately $4 million which includes the completion of the internal investigation and other legal matters. The company's inventory levels also continued to improve as inventory on hand at the end of the fourth quarter was less than $50 million and channel inventory was at a 2-year low of less than $20 million.

Unshipped backlog for the fourth quarter was approximately $18 million, as NAND flash supply constrained revenue in the quarter and suppliers are allocating certain NAND flash products. NAND supply is expected to affect our first quarter of fiscal 2014 as well. The Company's strategy to diversify NAND vendors has helped during this timeframe and is planning for and expects the supply of flash to continue to be tight throughout calendar 2013.

Revenue generated from Enterprise solutions are expected to increase sequentially for the first quarter of fiscal 2014, ending on May 31, 2013, which will also contribute to the improvement of our gross margins as many previously engaged customers are now taking product.

On April 11th, the Company received a notification letter from NASDAQ regarding continued non-compliance with NASDAQ Listing Rules and that the Company's securities were subject to delisting. The Company will request a hearing before the NASDAQ Listing Qualifications Panel. In accordance with the NASDAQ Listing Rules, in connection with the hearing request, the Company will formally request a stay of any delisting action pending the conclusion of the hearing process to extend the delisting deadline.

The restatement effort is continuing and the Company has made substantial progress towards meeting its objective in getting current with its filings. Although it is difficult to predict when the Company will become current with its SEC filings, the Company and auditors have added additional resources that should improve the ability to bring the restatement to closure as rapidly as possible.

"While we know our shareholders are disappointed in our inability to becoming current on our financials by the April 8th NASDAQ deadline," stated Ralph Schmitt, CEO of OCZ Technology, "the OCZ team and our auditors are working diligently in bringing this to closure as our review procedures for the accounting of the restatement is taking longer than we had anticipated in an effort to ensure that it is accounted for appropriately. The restatement progress does not change the fact that our business continues to operate effectively and we continue to improve our operational situation."

Schmitt continued, "In the quarter we lowered our borrowing levels and paid off our credit facility with Wells Fargo. We then engaged in a loan with Hercules Growth Capital that gave us more capital to continue to improve the business. We also were able to reduce our operating expenses even further in order to lower our breakeven point. We have drawn $10M against our $30M credit facility, have approximately $10M of cash on hand and are current with our key vendors. All of which are improvements in these metrics on a quarter to quarter basis."

The Company has recently appointed a new CFO, Rafael Torres, and an enterprise solid state storage experienced VP of Sales, Wayne Eisenberg, and continues to hire key enterprise talent, primarily in engineering and sales. The Company has also made progress in the recent quarter by introducing a new application-specific strategy in the enterprise by going to beta on its ZD-XL PCIe solid-state solution designed specifically for SQL acceleration. This product represents the culmination of hardware and software coming together as one tightly integrated and optimized solution. Included in this total solution are implementation wizards that make installation quick and simple for data center customers.

The Company also launched its first drives using leading-edge 20 nanometer (nm) flash and expects the majority of product lines to transition to this technology node by the end of its second fiscal quarter. The Company will also move the majority of its consumer drives to in-house controller technology in this same timeframe. Utilizing the Company's proprietary Barefoot 3 controller, the Vector Series of SATA solid state drives continue to ramp in volume in the high-end client market and is recognized by leading independent trade publications as a performance leader in both sequential transfers and sustained performance, most recently winning Editor's Choice Awards from PC Gamer and Maximum PC magazines. Moving forward the Company will continue to leverage next generation versions of the Barefoot 3 controller with the latest generation flash devices to offer customers the best balance of performance, reliability and value.

ch131
16/4/2013
08:24
Good luck, Lego. We're now at an all time historical low. This news won't help though, and maybe explains some of the selling




Sadly, it appears that the Vertex 5 series of SSDs won't be hitting the market anytime soon.

Contrary to what we heard last week, sources indicate that OCZ's Vertex 5 SSD is not scheduled for a release this quarter. That said, OCZ is still working on the Vertex 5 SSD, but we shouldn't expect it to hit shelves anytime soon.

Moreover, it appears that OCZ won't be showcasing the Vertex 5 SSD at Computex either, contrary to what rumors had indicated.

What has been verified by OCZ is that it is working on an SSD with a Barefoot 3 controller and 20 nm MLC flash memory. This SSD will likely not become the new Vertex 5, but make part of the Vector series SSDs. In fact, the image that we saw last week was actually that of a Vector SSD with the branding removed, rather than a Vertex 5 model.

ch131
16/4/2013
07:19
Added a few more last night but this is now guesswork and gambling
legolass
15/4/2013
11:29
I dont think always wrong has ever gotten over selling OCZ before it delisted from AIM.
ernest hemmingway
14/4/2013
22:39
Orient

U should keep your *ilthy mouth *hut
as u are a *iar

U still hold this piece of *hite as i can
recall you *hiteholes poking fun at me
when i sold this dirtbag at 5 8 8 and
eventually at 9.70 dollars

U deserve to lose money on OCZ

aladd1n
10/4/2013
14:38
No O, dont trade it anymore. I still follow it once/twice a month for old times sake, but happy to be out.
mark knopfler
10/4/2013
14:36
That's an interesting article Mark..probably this paragraph says it all:

What the short sellers noticed is that despite the "good" gross margins, the company never managed to produce positive cash flow during its entire existence.

This was always my biggest concern when it was listed on AIM..great increasing turnover but never an increasing profit..always Jam tomorrow.

Despite all this...OCZ still rates as one of my biggest winners so will always look back fondly on the company :-)

You tempted to go short at the current share price Mark? Maybe a little dangerous for me as its prone to some impressive spikes from time to time!!

0rient
10/4/2013
14:19
Not bullish article:
mark knopfler
08/4/2013
20:53
Poor statement, but imagine where these would be if it was still on AIM ?
mark knopfler
26/3/2013
10:17
He definitely looks like a turnaround guy....the CEO, FD and Head of Sales or clearly see an opportunity to get this moving in the right direction and then sell it for a decent premium....I am tempted to load up again (although I still have about 25% of my initial holding in my pension).....I may be trying to be too clever but the financials when announced (April 8? But would not bet against a further delay) will be terrible so there could be one more big dip down??
legolass
26/3/2013
10:10
I think we all knew that after a couple of years (when the SSD business got big enough) the big boys would come in and squeeze margins...the question is whether OCZ has enough IP to make a go of it over the next 2 years. New CFO certainly looks like he is familair with situations like OCZ...
legolass
26/3/2013
09:12
I agree with you, Lego. "The question now is whether the products can be competitive"- absolutely, one of my greatest concerns is that through all this mess, and trimming down that the co. has gone through, is that the product development going forward has suffered. Yes, the Vector is arguably the best sata 3 consumer SSD out there, but has there been enough of an investment in R and D to stay ahead of the game after Vector? After all we are competing with the big boys like Samsung. We haven't been told of any major enterprise wins, so until that happens, OCZ must keep ahead with the consumer business, either for the long term future, or to be an attractive buyout.
ch131
26/3/2013
08:31
These are all good steps in the right direction. I think management and financing issues are almost sorted now (it is a brand new team)and product strategy is on-track. The question now is whether the products can be competitive......the performance is great and OCZ products will always be alot cheaper in the enterprise. My big concern is their ability to source NAND to meet product demand....which is why the new CEO almost certainly has a plan to turn this around over the next 18 months and then sell the business
legolass
25/3/2013
21:41
New CFO appointed and decent distribution agreement signed today. It looks as if the audit must be pretty much over.
ch131
12/3/2013
13:09
If you read the 8k out today as part of the loan they have to complete a $10m equity raise before May 31 2013
legolass
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