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Austin Craig  

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  • OCZ: The Financial Walking Dead [View article]
    See my above comment.
    Nov 21, 2013. 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, 2013. 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, 2013. 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, 2013. 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, 2013. 09:31 AM | 1 Like Like |Link to Comment
  • OCZ: The Financial Walking Dead [View article]
    Good luck, your going to need it.

    Fyi, I thinks some legal matters are still floating around pending court approval.

    You might get lucky but your facing a tremendous uphill battle for reasons that I have explained in great detail.
    Nov 19, 2013. 01:13 PM | Likes Like |Link to Comment
  • OCZ: The Financial Walking Dead [View article]
    You might as well sell me on Enron and WorldCom.

    Targeting a sustainable business strategy? You can not be serious. Look at the gross margins, market share losses, burn rate, bleeding of cash. The situation is not improving but then again you were pumping OCZ when this was 1.50 (Its currently.67 cents, down 6.15% for the day)
    Nov 18, 2013. 02:10 PM | Likes Like |Link to Comment
  • OCZ: The Financial Walking Dead [View article]
    Boshie,

    Nothing to disagree with here as its NASDAQ rules. You get 30 days to get it over a buck. IF not.. then the delisting process starts (aka wheels start turning) and you have 180 days.
    Nov 18, 2013. 01:47 PM | Likes Like |Link to Comment
  • OCZ: The Financial Walking Dead [View article]
    awards are cute but burning through millions is not. They are running out of time. On top of that they have less than a month to get the share price over a buck of the delisting wheels start turning.
    Nov 16, 2013. 11:00 AM | Likes Like |Link to Comment
  • OCZ: The Financial Walking Dead [View article]
    Imploding from 1.07 to the .30's does not strike me as a good investment but rather a gamble. Sure it turned out good for some people. Taking my advice they could have avoided the pain and gambled at the low. Still.. company is bleeding money. It does not look good unless they can sell out.
    Nov 16, 2013. 10:59 AM | Likes Like |Link to Comment
  • OCZ Implodes: Even At 75 Cents You Should Avoid It [View article]
    A lengthy reply. Thank you. :)
    Nov 11, 2013. 02:09 PM | Likes Like |Link to Comment
  • OCZ Implodes: Even At 75 Cents You Should Avoid It [View article]
    Good stuff my man. From a fundamental prospective ocz is going to have a hard time.

    Yet... I have little doubt the company is going to throw out a on of PR in order to try to get its share price over a buck.

    I've been doing very good w/ MU and JCP selling options against them. Of course the JCP is high risk.
    Nov 10, 2013. 04:20 PM | Likes Like |Link to Comment
  • OCZ Implodes: Even At 75 Cents You Should Avoid It [View article]
    Mike, Where do you think AMD is going long term product wise?

    I like em and i have a small position in them.
    Nov 9, 2013. 02:39 AM | Likes Like |Link to Comment
  • OCZ Implodes: Even At 75 Cents You Should Avoid It [View article]
    Well, I did.

    "Good luck. You might get lucky on a dead cat bounce. However the burn rate, lack of cash, and difficult financial funding will make this quite a challenge for OCZ to overcome. 5 Nov, 09:55 PM"

    Dead cat bounces are always a possibility due to gamblers. Yet, the fundamentals of the company are not tied to the stock price. So while some major smart money holder decided to liquidate. The dumb money (aka gamblers and momentium players) have jumped on board. Being as the fundaments are bad and getting worse (see SEC docs, conference calls about burn rate etc etc) the company is going to have a very VERY hard time turning this around.

    Of course though OCZ is going to put out as much real PR (as opposed to the fluff they normally put out) in order to get the share price over a buck if at all possible. I would not be suprised if we see some profit taking now.

    Still, its the market anything can and will happen. I would not be investing in OCZ for the fundamentals.
    Nov 8, 2013. 09:08 AM | Likes Like |Link to Comment
  • OCZ Implodes: Even At 75 Cents You Should Avoid It [View article]
    Twas a huge dead cat bounce. Congrats to Mr. Lynn for selling and avoiding the bullet and then rebuying to capture it. Well played Sir,, well played.
    Nov 7, 2013. 03:06 PM | Likes Like |Link to Comment
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