OCZ Technology (OCZ) names Ralph Schmitt as its new President and CEO, effective immediately. In...

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

OCZ Technology (OCZ) names Ralph Schmitt as its new President and CEO, effective immediately. In a separate announcement, the company also files for an extension with the SEC for more time to file its 10-Q for FQ2 with a warning that the preliminary revenue range will be "materially lower" than an earlier estimate of $110M-$120M. Shares are currently halted, but are set up for a decline.