Ocz Technology Share Discussion Threads

[legolass] 07/11/2013 15:09

Shares up on new Vector 150

Tech report review is interesting - half way down the page it talks about Toshiba being "supportive"

hxxp://techreport.com/review/25610/ocz-vector-150-solid-state-drive-reviewed?preview=70a4be94d5ea8fa243cf8f3a3f966bf4

[jack jebb] 06/11/2013 08:30

Good grief.

They'll be relisting on AIM next.

[ch131] 06/11/2013 08:26

OCZ stands idle as its stock tanks for the second day in a row

OCZ's stock falls to below $0.40 per share, is the end in sight for the storied SSD manufacturer? (NASDAQ:OCZ)

By: Charles Gantt | Business, Financial & Legal News | Posted: 8 hours, 12 mins ago

Comment | Print | Email to a Friend | Font Size: AA.























Yesterday it appeared that OCZ's stock was in a downward fall that was unstoppable before leveling off near the closing bell at $0.73. Today the stock fell yet another 38-percent to just $0.39 per share at its lowest, and like yesterday it rebounded slightly and closed at $0.44 per share.





ocz_stands_idle_as_its_stock_tanks_for_the_second_day_in_a_row




As of this posting, OCZ has yet to release an official statement, and this has further led to investor confidence falling. A quick Google search will turn up dozens of industry analyst questioning just how long the company has left before it is forced to fill bankruptcy, and even more complaints on forums across the internet where customers are complaining about failed Vertex SSD drives.



While I am still mystified about the company's lack of response to this crisis, I have developed a new theory on what may be going on. A few weeks back we reported that Toshiba might be looking to buy OCZ outright, but nothing ever materialized from this. I have a very small suspicion that OCZ may be keeping quiet in order to force their price even lower to draw in someone looking to pick them up at what might be a steal. This would wash the company's leaders hands of things and they would get off with a nice payday.


Read more at hxxp://www.tweaktown.com/news/33743/ocz-stands-idle-as-its-stock-tanks-for-the-second-day-in-a-row/index.html#SrC8R9hTFWRfFWcd.99

[ch131] 05/11/2013 21:58

I think Beeksy gets the crown on this one! I sold quite a few just under $10(but no where near enough!), so made a decent profit, but should have cut the rest a long time ago, and not bought back in on the way down. I think a lesson has beenlearned in the school of hard knocks on this one...

There's some talk on the yahoo board about this being a massive trap, and that the company say they are not going bankrupt, but come on, a drop of about 60% in 2 days on high volume can't be just a fakeout. I know the shorts need to cover, but could they pull off a move like this? It's certainly got people selling, so shorts could easily cover pre buyout. Scandalous if true.

More likely I think is that historically OCZ has been full of leaks, with price always selling off before bad news- every time the smart money has had an advantage over us.

[swiftnick] 05/11/2013 21:53

Sold back in February at $2.20, thank goodness.

[0rient] 05/11/2013 19:55

I sold out at $3 soon after it listed on NASDAQ!! wish i waited for $8-9 like u Arabia :-)

[beeks of arabia] 05/11/2013 19:44

not in for 18 months. Sold out at between 8 & 9 dollars!

Shocking stuff.

[0rient] 05/11/2013 19:40

Hope u guys are out..some ride from its days on AIM!!

[beeks of arabia] 05/11/2013 19:30

goodness me!

[ch131] 05/11/2013 09:39

Yes, and that year of restatements will be completely pointless if they go bankrupt now. What a mess...

[legolass] 04/11/2013 19:00

This is looking like the beginning of the end. In my view Ralph also takes some blame....you cannot take a year to restate numbers and expect suppliers and customers to stick with you.

[failedqs] 04/11/2013 18:07

I've been trying for over 3 months to get my shares registered with Barclays so I can sell them. It's been a comedy of errors with OCZ and their registrars, and I'm still waiting for the process to end, and that's cost me about $1 a share so far, i just hope there's something to sell when they finally get them registered!I should add Barclays have been great, it's OCZ and their registrars that have been messing me around.....I reckon it's the end game now, OCZ appear to be f#cked......Shame really. Another company ruined by incompetent management over a number of years.

[ch131] 04/11/2013 17:49

WTF? This looks bad.

I'm sorry to say this, but I've sold out most of my remaining holding, as it's still an amount worth saving and I have no intention of losing the lot. I really didn't think it would come to this and thought RS could save OCZ. But with the action today (down nearly 30% at one point) this seems unlikely now. Probably Hercules calling in the loan.

I wish you all the best of luck, and hope it works out for you. There is still a chance of a buyout, but for me it's not worth the risk. It's certainly been educational. GL all

[ch131] 22/10/2013 17:56

No, come on RS let's land a decent deal. Deutsche Bank have to pull their finger out.

Off topic- anyone else in AGL at the moment? Nice action there today.

[legolass] 22/10/2013 11:50

Not good...

hxxp://www.consumerelectronicsnet.com/article/DensBits-Enters-Licensing-Agreement-With-Toshiba-2875083

[legolass] 16/10/2013 08:27

Agree CH. O still cant believe it took a year to restate numbers!?

[ch131] 16/10/2013 07:34

Listened to the cc last night, and it was obviously a very tough quarter and the figures were bad, but here are a few quick thoughts:
a) they were in talks with interested parties re various strategic alternatives that would we would be updated on (Toshiba rumour could still have substance)
b) they lost one of their 3 NAND suppliers (Samsung?) who just supply themselves now
c)the uncertainty regarding restatements was a massive obstacle to getting the large enterprise orders and securing a NAND deal.

With this out of the way the other obstacle is cash, so RS needs to secure some kind of deal soon. If he can do this, on reasonable terms, he pretty much said that the larger wins were held back not by the technology, just the current situation the company was in. Also , I don't remember his actual words, but he said he thought they would secure a NAND deal and that the restatements had prevented that from happening.

So, we had no hard facts, but still a glimmer of hope now that the restatements are done. They need a deal soon, if they are to survive.

[ch131] 15/10/2013 19:23

Don't...

Feeling very foolish about that. I do remember saying on here to people that it would be foolish not to sell some at $10. I did sell some, for CGT, just not enough!

[legolass] 15/10/2013 16:41

....Remember that..... when for a week we thought we were going to get $15 a share from STX!

[ch131] 15/10/2013 13:48

Yes, it all sounds very appealing and possible. Toshiba and OCZ would both benefit, and a NAND deal would be fantastic. OCZ would be a streamlined enterprise SSD provider with a healthy balance sheet, all a bit far fetched really!

We've all been here before, admittedly with different management, and rumours of a total buyout, not just the consumer side, so I'm not cracking open the bubbly yet!

The lawsuit figures suggest a sum of minimum 150m, (4% is 6m), if that line of thinking is right, then they might have bought quite a large chunk of OCZ.

[legolass] 15/10/2013 10:03

Good post on this on the US site (with alot more bullish numbers than mine!)

"On Thursday Toshiba said it is launching a new Q Series Pro line of internal SSDs at the end of the month that are supposedly ideal for PC gamers, graphics professionals and multi-taskers who need a little boost in system performance. Unfortunately, the company didn't provide any hardware specifics in its announcement"

Does anybody else find it very strange that they would announce a new high-performance SSD two weeks before release and not provide the hardware specs? Why wasn't it sent to independent review sites to test and promote sales like every other manufacturer does? Are they keeping a lid on things before a possible OCZ consumer division buyout is announced? Was the 4% or 6M plaintiff settlement based on the sale of the BF3/consumer which would value it at 150M? I did say the BF3 was worth around 150M alone. I still don't believe the plaintiffs would agree to a deal like that unless they knew for sure they would get their money. Where did OCZ get the money for their new R&D center when they are broke? This would explain it. Where is the previously announced OCZ Vector 150 that was designed for use in next-generation nand? A quick google search of "Speed Test OCZ Vector 256GB vs Toshiba Q Series " would show you how bad the vector crushes the SSD Toshiba released just 5 months ago. They needed a product that competes with the Samsungs 840 Pro. All the nand fabs will follow Samsungs lead with a high-performance SSD and a value SSD.

""The Q Series Pro PC Internal Solid State Drive offers industry-proven caliber and authenticity with leading performance, speeds and capabilities.""

Offers industry-proven leading performance? How is this possible if its a brand new product to hit the market? Or is this really using the BF3 controller that has been out for a year now?

Of course this is all speculation and I could be 100% wrong. I'm just trying to connect the dots here. Any intelligent feedback would be appreciated

[legolass] 15/10/2013 09:59

This would seem to imply this is not a bid but a purchase of the consumer products and IP.

This would include the rights to the controller which is the valuable part. On the one hand controllers are valuable (OCZ paid $30m I seem to remember for Indilinx but Sandforce went for over $300m) but then again OCZ is bust without some cash inflow (depends what other deals are on the table?).

But for me (excluding a bid at $5!) the dream scenario would be (1) Toshiba pays > $20m for the consumer business/controllers ie rights to use the IP in the consumer space while OCZ retains sole enterprise rights for a period of time, (2) as part of this they give OCZ a longer term NAND deal - removes alot of the working capital pressure and without NAND OCZ are dead anyway, (3) that would leave OCZ as a 100% focussed enterprise business with probably $80m+ of annualised revs, GMs > 25%, top R&D and hopefully some great customers (MSFT?) ie from a stockmarket point of view a better "go-forward" capitalised business that can be valued accordingly again. Anything much less than this and it will be a short-term lifeline rather than a potential game-changer