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More on OCZ's FQ1: No explanation is given for the miss, though it's likely falling solid-state...

  • Tuesday, July 10, 2012, 4:28 PM ET
    More on OCZ's FQ1: No explanation is given for the miss, though it's likely falling solid-state drive prices played a role. Sales of high-end PCI Express solutions fell 24% Q/Q, and only made up 5% of revenue. OCZ expects FQ2 revenue of $130M-$140M and FY13 (ends in Feb.) revenue of $630M-$700M, compared with consensus estimates of $132.7M and $653.9M. Gross margin is expected to increase from FQ1's 25.2%, and end FY13 above 30%. OCZ -7.2% AH. (PR)
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This news story has 3 comments:

  •  
    who cares about Q1? Revenue is exploding and margins are going to jump.
    10 Jul 2012, 04:37 PM Reply Like
  •  
    market doesnt seem to think so, short interest slammed this onedown a buck today
    10 Jul 2012, 07:44 PM Reply Like
  •  
    Wow, the report and the guidance was surprisingly conservative. MSFT sales were not included. Its good to see that they are getting more respectable in terms of enterprise and OEM channels. I always saw their niche/aftermarket image/status as hindering their adoption in those important sectors. The msft deal was huge for their credibility, that was not evident in this report - yet probably a huge factor in the stock price jumping the way it has. We'll see those gains given up tomorrow - on earnings that do not realize this good news even in guidance. I already have a very large stake in ocz, with a very large amount of 6$ July calls sold. I'll be buying up the short sales tomorrow (at a reasonable price). Perhaps I'll have enough stake to get a say in. Tell them to stop discounting older products!
    10 Jul 2012, 11:08 PM Reply Like
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