Share Name Share Symbol Market Type Share ISIN Share Description
Ocz Technology Group Inc LSE:OCZ London Ordinary Share USU675091065 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
  +0.00p +0.00% 10.00p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment - - - - 4.53

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Date Time Title Posts
22/10/201415:28OCZ Technology2,771
22/10/201415:27OCZ, Well Worth Placing On The Watch List.183
06/5/201406:19OCZ Technology1,239
03/12/201320:16OCZ. In the right place, at the right time.1

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failedqs: In my earlier post 1200, I mentioned I was trying to register my shares with Barclays, and the process was laborious to say the least. I'd hoped to get them registered so I could sell them and retrieve something before they went belly up. However, yet again I have been foiled I'm afraid..... Barclays sent me back the share certificate which I received today, with the message: "We are unable to process the enclosed certificate as the custodian has advised they cannot transfer "penny stocks". Stocks with a share type of less than 1 US dollar are regarded as penny stocks and your OCZ Technology Group shares have a share type of USD0.0025. Please contact Computershare USA for further information" Good god, does this mean that I could never have sold them?.... I had a paper cert which was issued just last month by Computershare, but nobody will sell on the basis of a paper cert, so I had to transfer them to my Barclays nominee account to sell them, but being USD0.0025 type they cannot be registered? Looks like the perfect dead end to me...... At first I thought it was because of the current low share price, but its clear it is because of the share type itself...... Anyone got any suggestions? Obviously its too late for me, these will go belly up in the next day or so, and I will have to wait and write them off against capital gains tax now, but it would be useful for future information!! Sad end to a sad year for OCZ and me!!!
ch131: More conjecture from tweaktown, but not a very good article, claiming they have been suspended for being under $1 for thirty days- not true, the price dropped under $1 on the 4th November. No one knows what's going on. hxxp:// BreakingTT: Trading suspended on OCZ stock, price frozen at $0.63 Trading suspended on OCZ stock, company in dire straights as financial troubles mount, headed for bankruptcy or buyout (NASDAQ:OCZ) By: Charles Gantt | Business, Financial & Legal News | Posted: 43 mins ago Today it appears that the ongoing saga of OCZ's roller coaster ride on the stock market has finally came to an end. Earlier this morning, weeks of ups and downs in the company's share price as well as rumors of massive financial troubles finally came to a head when trading was halted on the SSD manufactures stock. breakingtt_trading_suspended_on_ocz_stock_price_frozen_at_0_63 Trading was suspended after shares failed to rebound above $1 over the last 30 days, and solidifies rumors that the company is quickly approaching its end of life. I have reached out to several industry analyst, and the general conscious appears to be that the company will either file bankruptcy very soon, or someone like Toshiba will swoop in and buy OCZ for pennies on the dollar. Personally I am expecting them to be bought out, as that makes the most sense at this point. breakingtt_trading_suspended_on_ocz_stock_price_frozen_at_0_63 A few weeks back, our own Chris Ramseyer all but predicted today's outcome in his review of OCZ Vector 150 120GB SSD. Chris poised a question, asking if OCZ would be around six months from now, and I guess the answer has arrived. Below is an excerpt from that review. Let's tackle the elephant in the room or at least attempt to. The topic of OCZ's long term, err... are they still going to be around six months from now or not. That's what we need to think about. No company has done more for the consumer SSD market than OCZ, and although we all have a bit of love for OCZ in our hearts, this is a cut throat, dog eat dog world. The big fab companies are ready to kick everyone else out, make this a commodity market like they did DRAM, something OCZ has a little experience with since they were drove out of that market just before going all-in with the SSD market. This is an important topic because OCZ has a five-year warranty and Vector 150 is a premium product that sells at a premium price. First, let me say I don't like venturing into this area. I'm not a broker, I don't know anything about the markets other than what the papers my broker sends to me each month. Everyone I've spoken with who knows, some even obsess about Wall Street, say that OCZ is done for as the company they are now. Their bank account supports a run until the end of the year and after that the money is gone. The company owes money; some of the loans were taken out with high interest rates. That's not a good sign, it's actually a sign of desperation. OCZ has IP, they even have a controller, although some journalists have doubts if Barefoot 3 is really OCZ or if it's another reworked Marvell, doubt cast after Vertex 4. The problem is the IP and the controller are collateral for the loans, at least as I understand it. I'm not going to go as far as to say that OCZ can't honor their warranties six months from now, but there are several scenarios that lead to warranties not being honored. Not just that, but future firmware development, a world without OCZ as it is now is a possibility.
legolass: That is the accumulated losses ie if you add up all the losses each year. The numbers, restatements and deception by Ryan are pretty breathtaking. Alot of misinformation on yahoo board but i think the company has to xmas max to find a buyer or they are bust. Rather foolishly probably i am holding the shares i have left in the hope of a bid. If the IP, clients and backlog are great they could get 2x the current share price but zero is also very possible at this point. If i sell what should i switch into in the tech sector?
aladd1n: Beeks of Arabia 6 May'11 - 13:52 - 96 of 1110 0 0 Aye Lego, But when a report on your company wipes 30% off the share price, I would expect Ryan to maybe make a little bit more of a song and dance! Although I agree re: nonsense accusations. This one however was a little more sinister Of course he kept quiet as he knew what he was upto which is invreasing revenues
ch131: OCZ: Accounting Issues And A New CEO Who Gets It - Is A Turnaround Likely? October 10, 2012 | 19 commentsby: Ashraf Eassa | about: OCZ, includes: MRVL, PLXT, STX Disclosure: I am long OCZ, MRVL. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...) OCZ Technology Group (OCZ), a manufacturer of solid state drives, recently announced a number of material news items. To recap the prepared remarks of the conference call: The revised revenue guidance issued on September 5th for the most recent quarter can "no longer be relied upon" due to "customer incentives that were in excess of what was normal and customary in the past" New CEO: Ralph Schmitt, Former CEO of PLX Technologies (PLXT) In Q2, there was a huge emphasis to "grow market share at all costs", so "extraordinary incentives" were undertaken (rebates), so the company will be delaying its SEC filings to ensure a "proper accounting treatment can be applied to this event" The company's cash position has declined and the company has now accessed its credit facility Future actions will be focused on "innovation, quality, and profitability" Negative gross margins Earnings call will be rescheduled as quickly as possible. At the call, the Q&A session was particularly helpful, with the following key points noted: While the company is still undergoing a review process, it does not seem likely that the company will have to restate prior results - fraud is pretty much off the table. Company sees itself "rationalizing the product line" and further sees that the diversity of product line is inappropriate for a company of OCZ's size. OCZ plans to migrate away from more commoditized areas of SSDs and move more into the high end of both the client market as well as pushing further into the enterprise market. OCZ will be focusing on differentiation on the technology side (controllers, software) - the firm will not try to go head-to-head against the NAND flash fabs The company is "making significant progress" with its previously mentioned "Web 2.0 deals," and these are "key focuses" for the company, but no comments on particular customers. Righting The Ship With A Sound Plan The new CEO is taking OCZ in the right direction. OCZ's strength has been in its strong acquisitions (Indilinx, PLX team, SANRAD) which have positioned the company to have a healthy long term outlook in the enterprise space. The problem, of course, was that previous management wanted to build OCZ to be, in the words of ex-CEO Ryan Petersen, "the next Seagate (STX)." Unfortunately, this meant trying to compete for consumer market share on highly commoditized drives while having a significant cost disadvantage compared to the NAND fabs. The direction is to focus on higher margin businesses where the key differentiation occurs on the technological level (controller, software, features), rather than on a volume level. This will likely result in less-than-explosive revenue growth, but this will also lead to healthier, profitable growth. In fact, Mr. Schmitt made it abundantly clear that the company was going to focus on profitability and on delivering shareholder value - something that ex-CEO Ryan Petersen did not seem to give much priority. Is It Too Late, Though? The pressing question, though, is whether it's too late for the company. Fortunately, OCZ already has its "Barefoot 3" controller, its jointly developed PCI-E "Kilimanjaro" platform with Marvell (MRVL), and an enterprise flash caching software stack courtesy of its SANRAD acquisition. There is a lot of value here, as the company can focus its efforts on the following business opportunities: High gross margin PCI-E flash caching solutions Licensing controller technology to the consumer SSD players Selling high end, higher gross margin consumer drives, with an emphasis on high cost, high quality devices (similar to what Samsung and Plextor do) Selling SATA/SAS hard-drive form factor SSDs into enterprise usage. This would leverage the in-house controller development as well as consumer SSD development efforts This would be a small, well-oiled, focused business. The company's fairly large headcount of 700 could be reduced significantly in restructuring efforts, relieving operating expense pressures that the company has continually faced. Further, once the company has proven itself to be a flexible, agile player in these key, high margin SSD-related businesses, it would naturally become an acquisition target for the larger storage companies. However for this to happen, the company needs to be lean and have established a track record of technological leadership and business execution. That being said, the company's cash burn and its tapping of the credit facility means that every dollar needs to be very carefully spent. There's no room for missteps, and it would only take a few fundamentally bone-headed moves to sink the company at this point. A Speculative Buy In light of these developments, and in light of the share price decline, OCZ is a buy for speculative investors. There's still a lot of uncertainty here, and as I noted above, the company's financial position is one of extreme vulnerability. New management will have to fight to keep the company alive, but if a turnaround is successful, OCZ can be a very prosperous player in the high growth solid state drive market, albeit in a slightly different fashion that founder Ryan Petersen had envisioned. It won't be the next Seagate, but it could be the next SandForce.
4luck: OCZ Bidding War Likely Well today it came out. Rumors of Seagate possibly buying OCZ to kickstart it's SSD business. The fact that when asked, Seagate and OCZ had no comment is a strong indication this rumor may be credible. It would be a windfall for Seagate to acquire such a fast growth SSD company. However, I would be surprised if other suitors didn't come out of the woodwork to cause a bidding war for OCZ. The stakes are that high in SSD. We are in the early stages of SSD taking considerable market share from mechanical drives sales. SSD is going mainstream. So, any company acquiring OCZ is getting a serious competitive advantage and a big leap forward in market share and positioning in the SSD sector!!! Here's to a bidding war!!! My previous blog has a $15 to $20 share price for an acquisition. In a bidding war this should be a solid starting point. OCZ will be a billion dollar company, from sales alone. Any bidder will have to pay a premium of 1 or 2 years future sales forecasts. That should prove over a billion dollar valuation! Anyways.. a short squeeze is likely to play out as well (short float was amazing 34%+)! Stock set to rally big.
197300: from smallcap network 8th june. Are things really looking up for OCZ Technology Group Inc. (NASDAQ:OCZ)? The chart says that's the case...mostly. Though there's one more technically hurdle for OCZ to clear before newcomers get that green light, this disk drive maker may well be on the verge of better days. To be crystal clear right up front, OCZ Technology Group isn't profitable on a trailing-twelve month basis. On the other hand, it danced its way into the black a couple of quarters ago, and is expected to dance its way into the black - and stay there - next year. Analysts say the company's going to earn $0.30 for the year ending in February of next year, with per-share earnings reaching $1.02 for the year ending in February of 2014. It's a tall order to be sure, so much so that the forward-looking (2013) P/E of 5.04 doesn't even seem plausible. After all, the disk drive business is oversupplied, and under demanded, right? Not so fast. Though the supply/demand dynamics have been a little squirrelly as PC usage has waned and flash (and mobile device) demand has swelled, OCZ has gotten back in front of that curve. To the average investors, terms like 'PCI Express SAN acceleration' and 'VXL storage accelerator' won't mean much. To original equipment manufacturers and data storage service providers though, words like that mean superior performance, and as a result, mean superior revenue. OCZ Technology Group makes it happen by producing some of the best solid state drives available today. The income statement verifies that buyers are clamoring for the goods too. OCZ sequentially ramped up its revenue in each of the past four quarters, and nearly doubled year-over-year revenue with Q1's $110 million in sales. Though profits have, as mentioned, been hit and miss, the misses have largely stemmed from R&D investments in its future - and investment that's starting to pay dividends. One of the keys to the accelerating success may be the supply structure, OCZ Technology Group provides its own NAND flash controllers rather than buying them from third-party suppliers... a convenience made possible through last year's purchase of Indilinx. Margins have been rising as a result. That acquisition is one of a couple big ones of late. The other is the purchase of SANRAD, which has developed virtualization software and caching technology that could give OCZ another weapon in handling data center performance. It's not just smart acquisitions that are clicking for the company though. The acquisitions are also economical; the balance sheet remains palatable. So what's next for OCZ Technology Group Inc.? More of the same, hopefully, but that's not the question to be asking. The question worth asking now is, what's next for OCZ shares? Answer: A move above the 50-day moving average line could spark a big rebound rally, and push that forward-looking P/E back to more reasonable levels. Some analysts say a share price of $8.00 would do the trick. Either way, with the way the stock's snapped a major downtrend this past week and cleared the 20-day average line fort the first time since March, a little more upside pressure should seal the deal and get the rebound rally going in a major way.
timnicebutdim: well, looks like they bought them for shares, so it shows confidence i guess in the OCZ share price that they took shares. All we have to worry about now, is whether they start dumping the shares in large chunks.
197300: Needham & Company reiterates a 'Buy' on OCZ Technology Group (NASDAQ: OCZ) price target of $14.00. Needham analyst says, "In our view, once OCZ acquired Indilinx (a private controller company) earlier this year, M&A was the likely outcome for SandForce. OCZ made clear its intention of over time migrating increasingly to OCZ controllers vs. using SandForce. We believe OCZ and SandForce signed an agreement shortly after the deal to ensure continued supply for existing OCZ products for a period of time (undisclosed). Further, the level of patents controlled by OCZ (and shared between the two) show the deep relationship that should remain post-LSI. Consequently, we were not surprised that OCZ announced after the close that it DID NOT EXPECT ANY negative impact from SandForce's acquisition...We believe the most interesting element of the acquisition is the price of $370M, which we estimate is 5-7x C11 sales and is nearly the market cap of leading pure-play SSD company OCZ (currently $383M). Using the take-out valuation, OCZ would be worth $25-35 per share."
beeks of arabia: Some of these ratings are certain enough to bring on a small chubby! Needham & Company reiterates a 'Buy' on OCZ Technology Group (NASDAQ: OCZ) price target of $14.00. Needham analyst says, "In our view, once OCZ acquired Indilinx (a private controller company) earlier this year, M&A was the likely outcome for SandForce. OCZ made clear its intention of over time migrating increasingly to OCZ controllers vs. using SandForce. We believe OCZ and SandForce signed an agreement shortly after the deal to ensure continued supply for existing OCZ products for a period of time (undisclosed). Further, the level of patents controlled by OCZ (and shared between the two) show the deep relationship that should remain post-LSI. Consequently, we were not surprised that OCZ announced after the close that it DID NOT EXPECT ANY negative impact from SandForce s acquisition...We believe the most interesting element of the acquisition is the price of $370M, which we estimate is 5-7x C11 sales and is nearly the market cap of leading pure-play SSD company OCZ (currently $383M). Using the take-out valuation, OCZ would be worth $25-35 per share." For more ratings news on OCZ Technology Group click here and for the rating history of OCZ Technology Group click here. Shares of OCZ Technology Group closed at $7.40 yesterday, with a 52 week range of $2.90-$10.94.
Ocz Technology share price data is direct from the London Stock Exchange
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