Wednesday, January 23, 1:11 PM
OCZ (OCZ +4.7%) hits $2 after announcing: 1) Its audit committee's investigation of OCZ's financial reporting is finished, and the company is working to restate FY12 and FQ1 results. 2) It has reduced the maximum loan balance available through its Wells Fargo credit facility to $20M from $35M. The facility's balance fell by $8M in December to $7M. 3) It has hired Wayne Eisenberg, formerly a sales VP at Smart Modular (SMOD), to be OCZ's new sales chief. His predecessor left the company in October.
Comment![Tech, On the Move]
Tuesday, April 26, 2011, 2:37 PM
Smart Modular Technologies (SMOD +12.8%) agrees to be acquired by Silver Lake Partners for $645M in cash, or $9.25/share, representing a 13% premium over the stock's closing price on Monday. A go-shop period lasts until June 9. (PR)
Friday, December 17, 2010, 2:17 PM
Storage products maker SMART Modular Technologies (SMOD) is -14.4% after reporting Q1 sales of $216.4M, down from $218.7M in Q4, and earnings/share of $0.12, down from Q4's $0.26 earnings/share. The company expects pressure on Q2's results through DRAM price declines, and a net income per share range of from $0.06 to $0.08.
Friday, March 26, 2010, 8:13 AM
Smart Modular Tech (SMOD) is +17% premarket following better than expected FQ2 results yesterday afternoon. On the earnings call, SMOD said it enjoyed improved DRAM demand from multinationals, which led to higher pricing, while PC demand - particularly in Brazil - was robust.
Thursday, June 25, 2009, 4:35 PMSMART Modular Tech. (SMOD): FQ3 EPS of -$0.01 beats by $0.01. Revenue of $91.6M (-45%) vs. $100M. Sees Q4 EPS of zero to $0.01 vs. $0.02, and Q4 revenue of $90M-100M vs. $108M. Shares -1.6% AH. (PR)