OCZ signs distribution deal with Tech Data, shares higher

|About: OCZ Technology Group Inc (OCZ)|By:, SA News Editor

Tech Data, one of the world's biggest IT hardware distributors, will resell OCZ's (OCZ +6.4%) enterprise and PC SSDs via North American and Latin American sales channels. (PR)

Tech Data's Advanced Infrastructure Solutions unit, which will be responsible for distributing OCZ's SSDs, has over 17.5K resellers.

OCZ tumbled last week after announcing a $13M sale of debentures/warrants carrying less-than-favorable terms, and stating it has hired Deutsche to evaluate strategic alternatives.

Shares -24% YTD.