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OCZ +5.9% after new CEO Ralph Schmitt tells Reuters his company hasn't seen any NAND flash...

  • Thursday, November 29, 2012, 9:15 AM ET
    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.
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    Their just announced Vector SSD is priced to compete with Samsung's 840 Pro, but only a die-hard OCZ fanboy would buy one, since the 840 Pro beats it in almost every benchmark and is considered the most reliable brand. OCZ has a long, rich history of failed drives, controllers, and firmware.


    29 Nov 2012, 09:58 AM Reply Like
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