OCZ Technology (OCZ -18.3%) plunges to a mere $1.52 after telling the SEC it "cannot currently...

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

OCZ Technology (OCZ -18.3%) plunges to a mere $1.52 after telling the SEC it "cannot currently estimate the exact filing date" for its FQ2 (August quarter) 10-Q. Shares are now down 51% since OCZ stated on Wednesday it would delay filing its 10-Q, while warning revenue would be well below guidance. During an earnings call discussing the mess, new CEO Ralph Schmitt said management tried to "grow market share at all cost" in FQ2, something that led to a major gross margin hit.