Nothing in that post is related....
02/28/2013 is just the end of OCZ's fiscal year. They've been granted an extension by the NASDAQ that doesn't require them to report anything before April 8th. Nor would a delisting of OCZ be tied to the WF credit facility. WF only gets 65% voting rights of Indilinx, if OCZ's goes below $10M.
I don't believe daily volume vs total float is any technical sign for a bottom or lack thereof.
What's more important (IMO) is the actual candlestick formed on a high volume day. If SKUL formed a Hollow Red Candle (closing price finished above the opening price, on a losing day), instead of a Filled Red Candle (closing price finished below the opening price, on a losing day), that could have possibly signaled a bottom. Typically a HRC signals a change in sentiment, especially when followed by a White Candlestick (winning day). However, w/ the closing price still well below the opening price & the candle stick having a large real body, it doesn't look like the bottom's in yet.....Take a look at how it traded on Sep 13, Nov 2, Feb 8th, & the days following those two FRC (Sep 13 & Nov 2) w/ large real bodies & HRC (Feb 8th).
My GUESS....I think in the next few trading days, the stock will trend towards today's 5.06 low & possibly break into the 4's. If it doesn't break 5.06, it may trend back up near today's opening price or maybe even the HOD. But shortly after it reaches those level's, it'll likely pullback & test the 5.06 low again......With a lack of forward guidance outside of Q1, SKUL will continue to sell off & see new lows, IMO.
Rob, I doubt this FW release will have much of a performance increase. They'll likely just focus on any bugs they've found & get the controller 100% stable. BF3 already has enough horsepower, it just needs to prove stable so that OCZ can continue their move into the enterprise market.
The only performance tweak I think they may fix is at the 16/32k file size's. In a lot of reviews, the performance of the drive's seemed to dip at these levels, which was likely due to the FW being tweaked for 4k file sizes.
I wouldn't look too far into it. All the PR's lately have been late at night & on short notice. The last conference RS attended, they released the PR the night before.
Also, Dom noticed that STEC also released a PR for this same conference on Friday night as well.
Guess you can't use the less than symbol.....
I'll happily take a 1% dilution to get full control of Indilinx again. I think 65% of Indilinx is worth a little more than a small dilution.
I sure hope not....This board is a more mellow place without him & Pip fighting on every post. Not to mention the very first thing he'll do is re-post a million thread's that have no relevance, pointing out how he's right & pip's and "idiot".
I enjoy the low volume days & a nice "stable" stock price. :) Give me a nice slow trend back up to $7's by the end of the year & I'll be happy. That's not asking too much, is it?
Thumbs up for the tolerable waiting music. About time someone ditched that classical garbage.
Now only if they could learn how to start on time.
Well this is frustrating....Even tried restarting my computer, but still getting nothing.....No call in number either.
They've had three suppliers for several months now. It's a little concerning that they are still having issues filling the orders with the added supplier, but nice to know they have a backlog.....Did he say the size of the backlog?
While I agree he's trying to temper expectation's, a little optimism about revenue & growth could go a long way.
You need to listen to the conference call again. Margins right now are in the HIGH TEENS. He said their short term goal was mid 20's (later this year, a few quarters away). High 30's is long term & is likely 2+ years away, when they flip their 70/30 consumer-enterprise ratio to a 30/70 ratio.
"Market responded quite nicely"......Um, the stock went up 2 cents since the start of the call. More like no response, but that beats a sell off.
Nobody listening to the webcast?
So far pretty much the usual conference, but there are a few new things if you click through the slides before RS gets to them.
- PCIe Vector being sold now
- Need to raise $20M via equity (minimum) or subordinated debt
- OpEx going forward of $22-25M...I believe the previous target RS gave was $27-29M
- Breakeven revenue of $100-110M...Previously $110M
July 7th? Where did you get that date?
My money is on the first week of May, which is when they typically release their Q4 results. If you listened closely, RS mentioned that they would release the Q4 quarter with the rest of the restatements.
Lets hope NASDAQ will give them 1 or 2 more months.
"Any important players have controller tech now."
While I would agree that most have made their choice(s)/parternships, there are still some who need controller technology....Micron, Sandisk.......I'd add in STX & WDC, because neither of them have a COMPETITIVE controller at the moment, even though they may be working on a solution w/ companies they've already purchased. These two can't keep waiting to get into the market (consumer or enterprise) as Samsung is going full steam ahead & will likely take a huge chunk out of their dominance in the next few years.......Plus if they big boys have a few extra billion lying around, what's $500M to buy out the IP so nobody else can get it?
Also, don't forget that OCZ is also working on a PCIe specific controller, which few (if any) companies have ATM....and the software line-up (software companies always command a nice premium when sold)....and a power supply business that can be sold off to lessen a buyout cost.....yadda yadda yadda
Care to explain how you came to that valuation? I'm not arguing for/against your valuation, but it would be nice if people started showing some reasoning behind their posts & not just blurting out random numbers/ "facts".