The NASDAQ gave OCZ until September 16, 2013 to file its delayed earnings. Currently the company is several quarters late in filing and will also restate five quarters of past earnings. Several shareholder lawsuits are currrently pending revolving around questionable accounting practices.
There is no question $OCZ is undervalued right now. In 2011, $OCZ acquired Indilinx Co., Ltd, a privately held fabless provider of flash controller silicon and software for SSDs. OCZ gained intellectual property, including approximately 20 patents and patent applications related to the business, for approximately $32 million of OCZ common stock. $OCZ has continued to expand their patent portfolio and is quite impressive. Patents and technology alone have great value.
On October 5, 2011, OCZ announced an intent to acquire PLX Technology's Abingdon R&D department (formerly Oxford Semiconductor), which specializes in storage SoC development.
On September 17, 2012, former CEO Ryan Petersen resigned and chief marketing officer, Alex Mei, was appointed as interim CEO.
On October 10, 2012, OCZ appointed board member Ralph Schmitt as the Company’s president and CEO. Schmitt joined OCZ from PLX Technologies, Inc., a provider of semiconductor-based connectivity solutions primarily targeting the enterprise and consumer markets, where he served as president and CEO from 2008.
So with Ralph being in the hot seat for almost 11 months now, it seems they have remodeled the company. This could work out well for investors if they file and say more good than bad. Time is nearing. Until then we wait.
pip, I have never heard you this nervous before. We don't know what's going to happen but we do know that
OCZ"s software and controller (controllers) are well liked across large companies and enterprise. As somebody stated in the past "OCZ is like holding a lottery ticket" they were almost right,
"OCZ is like holding a winning lottery ticket"
If they don't come out today and give a day for the earnings, which has to be Monday - Friday or the following Monday, then I don't think they make the deadline. There isn't any reason for not letting shareholders know about the earnings date and CC unless you just aren't going to make it. Only other reason would be a buyout which I highly doubt.