RS has been the target of attack by shorts on this board, but what you need to ask yourself is why would somebody with such a great history and track record be out to get you? The answer is obvious, he is not.
There are at least 372,340 reasons why RS would want OCZ to prosper, and that is the number of shares he holds in options, at least that is what Forbes has listed (it might actually be more now). Let that soak in for a minute….
RS has told us repeatedly that he intends to get current with the SEC by the deadline set by the NSDQ, and I truly believe he shall. He has also told us that he intends to make OCZ profitable, and I believe he will (unless a buyout comes first). He wants to make money on those options just like you want to make money on your OCZ trade.
So, before you sell your shares at these ridiculously low prices, remember that the people trying to get you to sell have an agenda, and that agenda is to get as many people to sell as possible so that they can make money on their losses.
That is all.
OCZ is so cheap I'll bet after the first buyout bid there will be a bidding war, enterprise ssd storage is hot and OCZ is now a player in this arena, and with their own controller a buyer can truly differentiate enterprise offerings. All JMHO of course, but at these prices I like the risk/reward.
Also the 8ka sends a clear message to any potential buyers who were wondering whether OCZ was going to file, that message is you better act quick OCZ is going to get a lot more expensive soon, throw in the private investor interest and you get a scenario where OCZ is in a position to grow their SSD business as the boom in datacenter adoption begins riding that wave and momentum to achieve great profits. Certainly they won't be able to buy portions of the business in a bankruptcy fire sale!
The market is a great barometer for investor sentiment, and OCZ had a strong reversal and ended the week bullish. I believe we all felt that good news is coming, even pipster felt it hence the 100+ posts yesterday.
No, OCZ by estimates will have FY13 revenue around 2x what 3PAR had when bought. Granted its mostly consumer now but the product mix is shifting to enterprise.
FYI the initial bid by Dell was roughly 10x revenue, and after a drawn out bidding war HP paid more than double that initial bid.
My point is, nobody would have imagined 3PAR would be worth so much. With ssd companies flying off the shelf, and FIO arguably overpriced, any interest in OCZ which is trading for about .5x revenue will likely escalate quickly.
All JMHO..... long OCZ.
For some reason I believe they will be ready to provide everything right up to the most recent quarter so that any growth will be apparent, JMHO.
Bill, I believe you are right. Outstanding shareholder derivative lawsuits could have kept potential buyers from bidding on OCZ. I'm not sure what other lawsuits Pipster is referring to though, but this is certainly a step in the right direction!
honestly when they report the only thing that will matter is whether things are moving forward in the right direction, idiot.
Bruno! I used to think you knew what you were talking about in regard to Micron, but now I see you are absolutely clueless.
Once again, you seem desperate, afraid OCZ may just start going up since nobody is in a rush to sell? You should be.
Obviously you are not somebody who understands how IT infrastructure operations works. The hardware purchaser will look for price, performance, and reviews to see what is the best fit. Also, the channel partners will make suggestions to customers in this regard, and will have first hand knowledge of how the products compare.
The only people who care about the companies financials are creditors and investors. Even if OCZ goes into bankruptcy, they are going to be just fine as customers because the warranty will remain intact and the companies assets will be sold and so the product development and support will just be transferred to some other entity.
Your FUD is pretty silly from the perspective of this 20 year IT veteran pal. Kindly go away.
Unbelievable how somebody gets their jollies on predicting the financial ruination of an American company and its employees and shareholders. This guy needs serious help, especially if proven dead wrong in which case his whole reason for living will have been proven a lie! Oh pippy I feel sorry for you, when your world crumbles around you just remember we told you so!
Incredibly this simple thing will help propel the stock, all OCZ needs to do is show they can make it on their own and the buyers will come out of hiding. Nobody likes to over pay for anything, same goes for M&A. Why fork out even 500 million for OCZ if they might go bankrupt, makes sense right?
But time is money, datacenter migrations to SSD is happening now and is picking up speed. A buyer will pay 500 million for the tech if they are running out if time and options, especially since OCZ drives are among the best on the market.
Based in the financials, it appears RS has stopped the bleeding but needs the financing tobusiness, and the restatements hindered the ability to borrow.
Shorting this at the $1 range is very dangerous IMHO, any positive news and it's to the moon!
This seems logical to me, why people jumped on the analysis of Wells Fargo as the truth when they have gotten it wrong all year is beyond me, those who had it right all along say it's going to 30!!
Sentiment: Strong Buy
This is a spam post, I've seen the same posted on other Yahoo stock message boards, just replace OCZ with any other ticker and you get the same SPAM for multiple stocks.
They are stalling, maybe... But they will either get bought out or they will file.
I'm getting tired of people claiming that they want to get delisted, this would ruin the share price and all of the options the execs hold become worthless, they would not do this, and will not, period.
They are very nearly completed with the restatements, maybe they are already done even (as a contingency in case the SEC extension was denied) so that they would be ready to file on 9/16.
The shorts on this board make plenty of valid points, many of which I agree with, but this argument is totally lame you need to come up with better.
//Seems to me this technology is worth something...
LAS VEGAS, NV -- (Marketwired) -- 05/08/13 -- Interop® -- OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced that its new ZD-XL SQL Accelerator has earned the Best of Interop® award in the Data Center & Storage category. This prestigious award recognizing OCZ's innovation and technological advancements was presented on Tuesday, May 7th at the Interop Theater, Mandalay Bay Convention Center.
"We are very pleased to win the Best of Interop award for our ZD-XL SQL Accelerator in the Data Center & Storage category at one of the industry's premier technology events for IT professionals who leverage leading-edge solutions to power their businesses," said Ralph Schmitt, CEO for OCZ Technology. "The award also represents a validation of our product strategy to drive innovative enterprise system solutions and we are proud to have this product be categorized with the likes of system powerhouses like HP and Dell."
OCZ's new ZD- XL SQL Accelerator is a tightly integrated, plug-and-play flash acceleration solution optimized for SQL Server deployments. It represents the convergence of enterprise hardware and software as one tightly integrated, optimized solution ensuring that appropriate and readily available data is on SSD flash when a SQL Server needs it. Plugging seamlessly into existing or new SQL Server installations, ZD-XL provides on-host application-optimized flash caching for SAN or DAS DB volumes enabling data to be accessed with the highest possible I/O performance.