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OCZ has resumed trading. Shares are down 8.5% to $4.08 in response to news of CEO Ryan...

OCZ has resumed trading. Shares are down 8.5% to $4.08 in response to news of CEO Ryan Peterson's resignation, and within striking distance of their 52-week low of $3.90. STEC and other rivals could benefit from OCZ's management turmoil.
Comments (4)
  • Ashraf Eassa
    , contributor
    Comments (8871) | Send Message
     
    Article incoming!
    17 Sep 2012, 04:49 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Future in pink sheets imo
    17 Sep 2012, 04:56 PM Reply Like
  • serndipity
    , contributor
    Comments (193) | Send Message
     
    Hopefully not another pump article, since May there have nearly a dozen of them.

     

    To each I commented that the company has some very serious issues (e.g. never has not ever been profitable, cash flow negative, huge dilutions raising money followed by equally huge cash burn, line of credit not realizable due to EBITDA requirements etc. etc., and its ability to continue as an on going business has been doubtful.

     

    To which, the authors never addressed and only continued to pump on, followed by a few lost souls.

     

    Not a case of 'shame on them' but, but 'shame on you'.

     

    Don't be shocked by the actual Q2FY'13 numbers the company soon announces.

     

    However, SA did post one article of note.

     

    http://bit.ly/RZiwX0

     

    Although since liquidating my entire position in February (e.g. based on managements lie of having enough capital to run a $700M business and only doing another secondary offering if an unexpected / humongous opportunity was secured).

     

    Yeah right....that said, I have since, short term traded OCZ, for very nice profits.
    17 Sep 2012, 06:13 PM Reply Like
  • Loren Paz
    , contributor
    Comments (81) | Send Message
     
    The OCZ pumpers have no shame. Telling people to buy the stock because of fake buyout rumors.

     

    Even if OCZ executed perfectly they would have a hard time competing with the likes of Intel, Samsung, Micron, and Sandisk, who are much, much stronger financially. OCZ management has been anything but perfect.

     

    Plus if they wanted to, Intel, Samsung, etc. could mark down consumer SSD prices low enough and sell them for a loss in order to drive smaller companies like OCZ out of the business within a year or two.

     

    However they currently have no need to because consilidation will take place by itself in the consumer SSD industry just like it did with HDD. A lot of companies selling SSDs now won't be in the future.
    17 Sep 2012, 10:12 PM Reply Like
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