OCZ soars after cancelling conference presentation

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

OCZ (OCZ +12.7%) CEO Ralph Schmitt was scheduled to present at Deutsche's dbAccess Technology Conference at 11:50AM ET, but reportedly cancelled due to a last-minute scheduling conflict.

OCZ, currently evaluating "strategic alternatives," has seen plenty of buyout speculation in the past. Two major flash storage acquisition have been announced just in the past week (I, II), but they both involved more enterprise-focused companies.

19.4% of the float was shorted as of Aug. 30.