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OCZ +5.9% after new CEO Ralph Schmitt tells Reuters his company hasn't seen any NAND flash...

OCZ +5.9% after new CEO Ralph Schmitt tells Reuters his company hasn't seen any NAND flash supply issues lately, after struggling with them this summer. He adds OCZ, recently hammered by warnings, a delayed 10-Q, and an SEC investigation, is in talks to raise capital and is open to "strategic alternatives," but downplays the possibility of a sale. Schmitt recognizes OCZ's solid-state drives can't compete on price against NAND manufacturers such as Micron and Samsung, something that has led it to focus on differentiated products such as its new Vector line.
Comments (1)
  • Their just announced Vector SSD is priced to compete with Samsung's 840 Pro, but only a die-hard OCZ fanboy would buy one, since the 840 Pro beats it in almost every benchmark and is considered the most reliable brand. OCZ has a long, rich history of failed drives, controllers, and firmware.

     

    29 Nov 2012, 09:58 AM Reply Like
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