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I thought I heard in the last conference call that OCZ is now into the bank.
That is a big change from having ~$42mil in cash in Q1.
$125mil in inventory begs for a huge write-down
Why so. Could it be 20nM NAND for Barefoot3? Remember it was that hey had to use more expnsive NAND due to inability to receive lower performance NAND in time. Sounds like inventory is for newer products.
True but between creditors and banks none of them can afford to just let OCZ die. This will take time but they will recover.