New CEO and management have can dramatically enhance their careers if they can turn this around. Its a huge huge feather in the cap or anyone... for their professional resume and personally.
I for one, wish them well.
They know this is $14 -20+ stock. BO or no BO.
They more they get their finances and order. Drill what they have. Perhaps sell the pipeline )sooner than later)....hit production targets... then the will sell. Not a matter of if, but when and the CEO has a;ready stated his exit strategy!
In own MU and INTL. Is it crazy to think there is a possibility INTL considers buying MU before the price of MU runs too high? It would give INTL a BIG foot in the door of mobile phones, tablets, etc.
Nothing to base this on. Just for conversation. Any serious thoughts?
Thank you for sharing. Wow, so much anger. Perhaps consider a mental health check.
BTW, I worked at Intel for six years. While not probable, what I said is not impossible.
"never seen such a ridiculous display" ... how about the extension our Federal Government keeps giving itself, by raising its own debt ceiling. robbing Peter to pay Paul, lack of balanced budgets, accounting nightmares, etc, etc, etc. ; ) By this comparison OCZ is best of breed.
SAN JOSE, CA--(Marketwired - Sep 10, 2013) - OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that Ralph Schmitt, Chief Executive Officer, will present at the Deutsche Bank Technology Conference to be held at The Cosmopolitan of Las Vegas Hotel in Las Vegas, Nevada on Thursday, September 12, 2013 at 8:50am pacific time. A live webcast, as well as a replay, will be available on the investor relations events section of OCZ website at www.ocz.com
Well thought out post sharing your view and why. - Thanks.
While a BO would be a huge relief and very much welcome. I don't think, so, but that's solely based D Bank only being with them a short while. I think more likely, that they announced after hours and presenting at the D Bank Tech Conference gives them chance to put all bad news behind them, focus on what they have accomplished saving, fixing, and right-sizing the company. And now focusing on the future. B Bank can help lend much needed creditability to show that even if (if) more bad news (in updated financials) , that they have overcome the worst and the future.. while perhaps bumpy short-term... is very bright on the horizon.
If contingency offers have been made and I hope so, then D Bank can step in to negotiate those or help find some competition.
All wishful thinking on my part. Trying to look at the glass more than half full.
Don't get me wrong, I'd be ecstatic if you are correct at $10 : )
In any event, best to longs who have hung in. Hope financials are resolved soon and management has an exit strategy for this company YE13 - 1H14.
MU has reinvented itself and positioning itself better for the future than ever before. No longer having too many eggs in one basket... they are a very strong #2 in the space worldwide. If they can execute and reduce some debt rest of year and 1H14 and have a surprise or two upside... $15 will be the new $5 and $25-30 might be the new $10.
Today's news validates MU/Intel synergy. - BOISE, Idaho, Sept. 10, 2013 (GLOBE NEWSWIRE) -- Micron today announced availability of a replay-protected monotonic counter (RPMC) feature for their SPI NOR Flash memory devices, which are validated for future Intel Ultrabook platforms. The cost-effective 64Mb density is the sweet-spot solution currently available for immediate platform-enablement activities.
"This first-to-market RPMC feature, developed by Micron for our SPI NOR device, is an additional demonstration of our commitment to continuously meet application requirements and customer needs," said Jeff Bader, vice president of Micron's Embedded Solutions Marketing. "Our NOR Flash excellence, coupled with the leadership and expertise of Intel, make this device the best-in-class solution for the Intel Ultrabook and other future Intel-based platforms. “
"I appreciate Micron's expertise in the SPI Flash device technology space and their support of the replay-protected monotonic counter feature for the Intel platform prototype validation," said Nitin Sarangdhar, Sr. Principal Engineer at Intel.The 64Mb serial NOR Flash with RPMC feature is available now in production quantities. With this announcement, Micron is well-positioned to support the growth of ultrathin applications with a broad portfolio of DRAM, NAND, NOR, and SSD solutions.
So we have a range assuming if (IF) there is any truth to BO speculation
$4.50 = $300M to $10 - $800M
Nice, what you said about knowing Steve. Also, agree MU has tremendous upside short and long-term.
Would D Bank and OZC begin working only recently and put out so much press and have OCZ present at the D Bank Conference .... ALL to pull wool over everyones' eyes and announce they are desisting or going bankrupt. I choose not to believe that the "system" is SO broken that it would enable two companies to be that deceitful and put everyday shareholders at risk of losing everything they've invested. Why would the co-founders stay on the board and be involved in something like that? Who would invest with those two con-founders after something that deceitful? Investor's lawyers would come after the money they made when they sold out in the $20s. If so, they must also be investing in body guards. Greed is not good. I believe OCZ's CEO and management are doing all they can to make OCZ a viable stand-alone company and/or complete a BO exit strategy. Best to the OCZ team and long shareholders.
Nothing is ever certain when trials are in the equation. Depending on individuals' situations, some may be in at such a low cost basis and have been waiting so long that they paid themselves at 5.50-6. And who are we to fault them if the made money, reduced some or their risk. and may be now playing solely with house money. BTW, I don't disagree that many of the sales are from nervous ones and swing traders. AVNR has made very good progress this year and have put some risk behind them. There is a lot of potential. For now, take comfort that support may be 4.50 - 5s depending on worldwide events. Once trials are resolved and any one trial, such as MS brings good news....more progress upwards. - Best
I understand how you can feel that way. Integrity is bird that becoming increasingly rare each passing quarter in the investment jungle. A lawless jungle.
If the recent SA article is false and fabricated based on greed, then I would not be disappointed to wake up one day to learn that those responsible were found in a cold shallow grave. If they are being truthful, why be anonymous? It would be an improvement if all SA articles required that the authors provide contact information, bio and picture... otherwise they cannot post. It might help filter a little.
Please tell me that we are not in for six to 24 months of wild #$%$ BK or BO speculation. Never mind, don't answer that. Maybe this dog will be tossed a good bone in Oct and Dec. Ruff.