Sunday, October 14, 2012

OCZ Tech: Untouchable For Now

The drama for OCZ Technology Group Inc (OCZ) just won't end. The manufacturer of solid state drives has gone through a series of dramatic announcements in recent months from missing earnings due to a NAND shortfall, the retirement of the CFO, the resignation of the CEO, and now an earnings warning and reporting delay.

Not to forget that the company hired a new CEO, existing board member Ralph Schmitt. After announcing materially lower revenue expectations, Ralph hosted a conference call that was short on details and long on questions. Due to the lack of firm details, the stock is currently untouchable by investors.

Read the full article at Seeking Alpha.


Disclosure: Long SVNT. Please review the disclaimer page for more details.



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