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Austin Craig

 
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  • OCZ Technology - A Gambler's Delight [View article]
    hey.. all im asking is you show me how selling products at a loss allows you to become of of the top 500 tech companies that are growing.

    I could stand on the street all day long and buying 1 million dollar sports cards and then turning around and selling them for 50k. Boy am i growing revenue wise!
    Nov 21 06:21 PM | Likes Like |Link to Comment
  • OCZ Technology - A Gambler's Delight [View article]
    I'm in at 7 and 8 range with options sold against most of it at the 8.50 and 9 range. doing quite well. Most of the JCP will be called away from me today at a profit on both sides. (the option and selling the stock at a higher price than i bought). Going down today is a great thing for me as it allows me "options".
    Nov 21 04:33 PM | 1 Like Like |Link to Comment
  • OCZ Technology - A Gambler's Delight [View article]
    Can you prove that selling products at a loss in order to inflate revenues = 1 of the 500 fastest growing companies?

    Anyone could buy a product, say a sports car for a cool million and sell it for 600k all day long but this does not mean your company is growing.. no indeed.
    Nov 21 04:30 PM | Likes Like |Link to Comment
  • OCZ Technology - A Gambler's Delight [View article]
    That was one of the best articles I've read, especially at the time. I wish they were still writing.
    Nov 21 04:04 PM | Likes Like |Link to Comment
  • OCZ Technology - A Gambler's Delight [View article]
    A gray line? No Sir OCZ came clean after such a period of cooking the books. Granted the shareholder settlements are close to being wrapped up and the SEC investigation continues.

    Its really impossible to try to defend OCZ by saying its 1 of the 500 fastest growing companies when the revenue is based off selling at a Loss. That good Sir, is the point of this article.
    Nov 21 04:02 PM | 1 Like Like |Link to Comment
  • OCZ Technology - A Gambler's Delight [View article]
    I think pipster just covered it in detail. Selling drives at a loss does not = 1 of the 500 fastest growing companies lol

    We will know more when the SEC investigation wraps up.
    Nov 21 03:53 PM | 1 Like Like |Link to Comment
  • OCZ Technology - A Gambler's Delight [View article]
    I've got thick skin. My Aug 13th call when OCZ was 1.91 was a pretty good call. So was my last article when it was .75 cents and imploded to the high .30's.
    Nov 21 02:20 PM | 2 Likes Like |Link to Comment
  • OCZ Technology - A Gambler's Delight [View article]
    rob.L,

    Digesting and reporting on a spike fueled by misinformation is critical to provide investors with timely actionable intel.

    Even OCZ knows this is an honest mistake on the part of Deliotte's part (aka using the old cooked numbers) or they would have put out a PR blasting this to the world as one must when ones stock price is in danger of receiving its 1st delistment notice.

    Hopefuly investors cash in a few chips and take a wait and see approach. Worst case they lock in profits and it goes up to make additional profits if REAL news comes out such as a confirmation of the Panasonic rumor (readers google OCZ+Panasonic) or the 15% layoff rumor (google Tweaktown+OCZ Layoff).

    Yet a very good chance exists that this will pull back.
    Nov 21 02:14 PM | 1 Like Like |Link to Comment
  • OCZ Technology - A Gambler's Delight [View article]
    Thank You Ashraf. :)
    Nov 21 02:02 PM | Likes Like |Link to Comment
  • OCZ: The Financial Walking Dead [View article]
    A friend of mine made an interesting observation.

    "Since your article was published August 13, stock price dropped more than 71% (e.g. from $1.91 to $ .55)."
    Nov 21 10:37 AM | Likes Like |Link to Comment
  • OCZ: The Financial Walking Dead [View article]
    See my above comment.
    Nov 21 10:36 AM | Likes Like |Link to Comment
  • OCZ: The Financial Walking Dead [View article]
    (face palm)

    First a fail on Nintendo and now how the online review industry works. o boy.

    The vast majority of ONLINE reviews are sponsored and I speak from first hand experience.

    Now trying to compare consumer reports to an online review site is yet anohter apples to oranges comparison. Remember consumer reports is NOT sponsored and does in fact buy all of its review products, thus leaving them to be financially independent of the companies they are reviewing. They also do not allow advertising in the magazine http://nyti.ms/1dkGaZM

    This is in stark contrast to many review sites which are contacted by marketing departments to review products AND those very same marketing departments advertise on the web sites of the reviewers. Bad review? expect that advertising revenue to be pulled.

    The reviewer expects a positive review or at worst case a neutral review. Rarely will you see a small financially dependent site trash a product from a company lest they get a reputation for such and are blacklisted. So generally its a win win for each side. The reviewer get info to base an article around (think page clicks) and might get to keep the hardware to use or sell (yes, I've personally known reviews to sell hardware on ebay). Sometimes they even run a contest to win it (free marketing for both sides and more page clicks).

    Far as OCZ deliving high quality products that is pretty questionable. Per OCZ's own employees on glasssdoor.com they have talked about having unusually high failure rates (I had an OCZ PCIe card fail on me as well). It is really a mute point though as consumers have voted with their wallets and OCZ's sales are tanking.

    Good Luck
    Nov 21 10:13 AM | Likes Like |Link to Comment
  • OCZ: The Financial Walking Dead [View article]
    Not exactly sure what your link is supposed to prove. Please explain as it does nothing to improve your argument.

    Nintendo was Never, NEVER near going under. Absoulute worst case they would have simply sold off the I.P. such as Zelda, Mario, Metroid, F-Zero, Donkey Kong, Kirby, I could keep adding to this list. Plus pre Wii they were still riding nintdndo DS sales (released in 2004) and Game cube (released in 2001 and at its EOL cycle).

    Now If I had time I would go back and show you they were making profits the entire pre wii time frame but just for kicks look at 2005. http://bit.ly/1cGJIAo

    308 Million in profit.. a drastic decline but to be expected when your at the end of a product life cycle.

    My point? NTDOY was never in danger of going belly up given its I.P. Innovation, Marketing muscle, and War chest of money.

    The same can not be said of OCZ who lack I.P, Innovation, are marketing personnel heavy given the imploding sales and the war chest is empty (the little money in it is debt). Not to mention the SEC investigation.

    Good luck.
    Nov 20 01:36 PM | Likes Like |Link to Comment
  • OCZ: The Financial Walking Dead [View article]
    If you are refering to product reviews, frankly those do not count. The relationship b/t OCZ and a review web site is OCZ gives the site a product to review (and sometimes they get to keep it) and in return the site gives OCZ a good review.

    Last thing a site wants is to be blacklisted for giving out bad reviews of products as they will no longer get free samples and that translates info fewer page clicks.

    I do remember OCZ did win some award earlier this year for something. Does it really matter though? Burn rate, gross margins, market share, sales, innovation.. THAT is what matters.

    Anyone can win an award but staying in business when your model is broken is a challenge. Sure they are trying to change it but given the employee count and the low revenue from enterprise along w/ the debt and burn rate they do not have much time left.
    Nov 20 09:35 AM | 2 Likes Like |Link to Comment
  • OCZ: The Financial Walking Dead [View article]
    I do not think the comparison between OCZ and the likes of Apple or Nintendo are anywhere near the same.

    OCZ = tarnished brand, inability to manufacture required expensive components, no technology advantage.. aka basically they are a COTS company.

    Nintendo = Great brand (mario, zelda, metroid, kirby, etc etc etc). --Never-- in danger of dying off. Worst case they would have just ditched the hardware. The WII was innovative and had a great price point. I was in NTDOY at 20-55 a share dumping most at 60+

    Apple = Good brand, Microsoft rescued them w/ a bailout in order to avoid being a monopoloy. Cash went into R&D and the rest is history. Although they are facing some challenges now from Android.

    The problem that OCZ is facing is they are too heavy #1. They need to slice 50% of the work force if not more in order to reduce expenses.

    #2 They can not compete on price alone as they do not mfg NAND and I doubt they will ever get a deal as they lack the volume. Go listen to Ryans comments about NAND deals and how you have to do a ton of volume to even get them in the room.

    #3 Technology, show me where OCZ dominates in technology? Sure they have a few awards but sales are still imploding. Next quarters loss of that small datacenter revenue is going to hurt.

    #4 Debt, Burn rate, Delisting... all problems.

    Now on the flip side the panasonic rumor if it pans out might be good for OCZ and if the 15% work force reduction rumor is true thats good for OCZ as expenses are out of control.
    Nov 20 09:31 AM | 1 Like Like |Link to Comment
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