Last $0.01 USD
Change Today +0.0011 / 8.53%
Volume 114.7K
OCZTQ On Other Exchanges
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

ocz technology group inc (OCZTQ) Snapshot

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07/30/13 - $2.00
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05/9/14 - $0.01
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ocz technology group inc (OCZTQ) Details

OCZ Technology Group, Inc. designs, manufactures, and distributes solid state drives (SSDs) and computer components primarily in the United States, Germany, the Middle East, Africa, and European countries. The company specializes in high-speed memory in the enterprise and consumer SSD markets, a technology that competes with traditional rotating magnetic hard disk drives. It supports interfaces, including PCI express, serial attached SCSI, and serial ATA for personal computers, servers, data storage systems, and industrial equipments; and offers enterprise products comprise Deneva 2 SATA SSDs, Talos 2 SAS Series, and Z-Drive R4 PCIe flash-based cards. The company’s XL software and solutions product line consist of VXL software that enables on-demand distribution of flash between virtual machines; ZD-XL SQL accelerator, which utilizes OCZ PCIe solid state drive hardware and enterprise software to deliver and deploy plug-and-play flash acceleration solution optimized for SQL Server deployments; WXL Software, a caching solution for windows Server based physical servers and hyper-V based Virtual environments; and StoragePro XL Central Management, an enterprise SSD management application that provides IT managers with a cross-platform view of the enterprise flash resources. It also provides controllers, such as Barefoot3 and Barefoot3 M10; and power supplies products, including high wattage power and low-noise power supplies, and modular and high-efficiency power supply units. The company sells its products directly to enterprise customers and original equipment manufacturers through its direct sales force or through integrators, IT integrators, and fulfillment and retail distributors. OCZ Technology Group, Inc. was founded in 2002 and is headquartered in San Jose, California. On December 2, 2013, OCZ Technology Group, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.

597 Employees
Last Reported Date: 10/7/13
Founded in 2002

ocz technology group inc (OCZTQ) Top Compensated Officers

Chief Marketing Officer and Executive Vice Pr...
Total Annual Compensation: $350.0K
Total Annual Compensation: $342.3K
Compensation as of Fiscal Year 2013.

ocz technology group inc (OCZTQ) Key Developments

NASDAQ Files Form 25 To Delist And Deregister ZCO Liquidating

As previously reported, the common stock of ZCO Liquidating Corporation, f/k/a OCZ Technology Group, Inc. (the “Company”), was suspended from trading on The NASDAQ Stock Market (“NASDAQ”) at the opening of business on December 27, 2013 pursuant to NASDAQ Listing Rules 5101, 5110(b) and IM-5101-1. On February 24, 2014, NASDAQ filed a Form 25 with the Securities and Exchange Commission to delist and deregister the Company’s common stock. The delisting will become effective on March 6, 2014, ten days after the Form 25 was filed.

NASDAQ Announces Delisting Of OCZ Technology Group

The NASDAQ Stock Market announced that it will delist the common stock of OCZ Technology Group Inc. OCZ Technology Group Inc.'s stock was suspended on December 27, 2013 and has not traded on NASDAQ since that time. NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting for each of these companies. The delisting become effective ten days after the Form 25 is filed.

OCZ Technology Group, Inc. Announces Management Changes; Amends Certificate of Incorporation

Effective January 21, 2014, Ralph Schmitt and Rafael Torres each resigned from their positions as OCZ Technology Group, Inc.'s President, Chief Executive Officer, and Director and the company's Chief Financial Officer, respectively, and all positions held with any subsidiary of the company. Mr. Schmitt and Mr. Torres resigned from their positions with the company because they have been appointed as officers of OCZ Storage Solutions. Effective January 23, 2014 the company's board of directors appointed Timothy D. Boates of RAS Management Advisors, LLC as Chief Restructuring Officer to assist the Company in its debtor-in-possession operations and related financial restructuring. Mr. Boates will have full responsibility for all of the company's operations, including but not limited to day to day management, and will report directly to the company's board of directors. Mr. Boates is the President of RAS, a turnaround and management firm. He has been employed by RAS for the past 13 years and has been President of that organization for 5 years. RAS and Mr. Boates have served as financial advisor to the company since December 16, 2013, pursuant to an agreement dated December 14, 2013. Effective January 24, 2014, the Company amended its Fourth Amended and Restated Certificate of Incorporation to change its corporate name to ZCO Liquidating Corporation by means of a merger of its wholly-owned subsidiary, Oldco Technology Group, Inc., with and into the Company.


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