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

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

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)