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

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.
Comments (1)
  • Company expects to report negative gross margins and a significant loss.

     

    Knew their strategy of selling products at a loss, but hoping to make it up on volume wasn't going to end well.
    10 Oct 2012, 08:25 AM Reply Like
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