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OCZ Technology Provides Further Update on its Business

btarunr

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#1
OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced additional estimated financial information in an effort to further communicate with key constituents of the Company.

The following preliminary estimates are subject to further review by the Company and its auditors. The Company estimates that its quarterly revenue will range between $65 million to $85 million in each quarter for the second and third fiscal quarters of 2013. This range takes into effect the impacts of the reclassification of certain customer costs from operating expenses to revenue, the significant reduction of channel inventory, the timing of revenue recognition, and the levels of reserves for product returns.

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#2
I doubt the SEC nor anyone in the financial community will have any confidence in OCZ financial statements for years to come.
 
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#3
I just hope if they crash and burn they don't take Power PC and Cooling down with them.
 
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#4
Ending their lower end value products will likely lower their desirability to most people...
Methinks the end is near for OCZ...

I think the better strategy would be to cut the upper 15% high cost products along with the lower 40% to appeal more to the masses while streamlining their product line and cutting costs.