OCZ Technology (OCZ) +1.5% AH after announcing it: 1) Has cut its workforce by 28%. 2) Is...

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

OCZ Technology (OCZ) +1.5% AH after announcing it: 1) Has cut its workforce by 28%. 2) Is "monetizing some inventory" to free up cash. 3) Is planning to discontinue 150 product variations, including 80% of low-margin "value" products. 4) Is taking longer than expected to file its delayed 10-Q. (PR) (CEO change/FQ2warning)