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Thursday, Nov 29
2012, 9:15 AM
OCZ +5.9% after new CEO Ralph Schmitt tells Reuters his company hasn't seen any NAND flash...
OCZ +5.9% after new CEO Ralph Schmitt tells Reuters his company hasn't seen any NAND flash supply issues lately, after struggling with them this summer. He adds OCZ, recently hammered by warnings, a delayed 10-Q, and an SEC investigation, is in talks to raise capital and is open to "strategic alternatives," but downplays the possibility of a sale. Schmitt recognizes OCZ's solid-state drives can't compete on price against NAND manufacturers such as Micron and Samsung, something that has led it to focus on differentiated products such as its new Vector line.