ocz technology group inc
(OADA:Frankfurt)
ocz technology group inc (OADA) Snapshot
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€1.00
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€1.06
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€1.04
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€0.99
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52 Week High
07/13/12 - €44.70
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52 Week Low
11/23/12 - €0.86
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Average Volume 10 Days
1.5K
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0.0
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OCZ Technology Group, Inc. engages in the design, manufacture, and distribution of solid state drives (SSDs) and computer components primarily in the United States, Canada, Germany, the Middle East, Africa, and other European countries. It specializes in high-speed memory in the enterprise and consumer SSD markets, a technology that competes with traditional rotating magnetic hard disk drives. The company provides SSDs, including MLC-based drives, SLC-based drives, and portable SSD and USB drives for personal computers, servers, data storage systems, and industrial equipments. It also offers various components for computing devices and systems, including AC/DC switching power supplies, as well as computer gaming solutions; and memory processing products. The company sells its products directly to enterprise customers and original equipment manufacturers through its direct sales force; and to other end customers through a channel of systems integrators, information technology, integrators, and fulfillment and retail distributors. OCZ Technology Group, Inc. was founded in 2002 and is headquartered in San Jose, California.
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ocz technology group inc (OADA) Key Developments
On 05/15/2013, OCZ Technology Group, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
OCZ Technology Group, Inc. announced that its PCI Express (PCIe) flash-based SSDs for enterprise and workstation applications are now qualified on specific Rombus Group platforms. This includes OCZ's Z-Drive R4 PCIe SSD Series for Rombus Supermicro Tertia enterprise servers and OCZ's RevoDrive 3 SSD Series for Rombus Quinta workstations. These high-performance SSDs are available from The Rombus Group and targeted for small-and-medium-sized enterprises (SMEs) and mid-sized IT environments in Germany. The ability to achieve optimized VMware virtualization within the Supermicro Tertia platform was a priority for The Rombus Group in their selection of OCZ's Z-Drive R4 SSD Series. Each Z-Drive R4 card provides a compact, power-efficient solid-state solution that fits directly into the server's PCIe slot to increase application performance while delivering fast and reliable access to data without burdening host CPU and memory resources. The Z-Drive's Virtualized Controller Architecture(TM) (VCA) efficiently distributes the application loads between all available flash on the host-based SSD card resulting in optimal random data access performance within virtual server environments. With many SAN/storage infrastructures based on Fibre Channel/iSCSI deployments, the implementation of Z-Drive R4 cards within Supermicro Tertia servers enable new levels of I/O access and application performance while lowering IT operating costs when compared to conventional hard disk drives (HDDs). To complement power users and multimedia designers in workstation environments, The Rombus Group now features OCZ's RevoDrive 3 SSD family to its Quinta workstation platform. The RevoDrive 3 SSD Series is designed for intensive workstation applications delivering incredible performance and a sophisticated feature-set also based on OCZ's proprietary VCA Technology. This single-card solution reduces the burden on host resources and is ideally suited for professional media development and management.
OCZ Technology Group, Inc. provided earnings guidance for the fourth quarter ended on February 28, 2013. The preliminary revenue range for the unreported fourth quarter of fiscal 2013 is estimated to be between $65 million and $70 million. The company also expects positive gross margins for the fourth quarter. This is an indication that the operating adjustments regarding restructuring and the restatement are behind the company. Gross margins will continue to improve in the coming quarters due to the streamlining of products and focus on enterprise business. Operating expenses are estimated to be between $23 million and $26 million for the fourth quarter and include non-recurring restatement related charges of approximately $4 million which includes the completion of the internal investigation and other legal matters. The company's inventory levels also continued to improve as inventory on hand at the end of the fourth quarter was less than $50 million and channel inventory was at a 2-year low of less than $20 million. Revenue generated from Enterprise solutions are expected to increase sequentially for the first quarter of fiscal 2014, ending on May 31, 2013, which will also contribute to the improvement of gross margins as many previously engaged customers are now taking product.
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