InfoAnda - OCZ back on track, taps more NAND suppliers |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Suicide bomber in southern Afghanistan kills eight: police | 25 December 2009
Mexicans hint that draw will do against Uruguay | 23 June 2010
Putin threatens to cut Ukraine gas supplies | International | | 5 March 2009

Eddie Fisher dies aged 82 | | 24 September 2010

Forum Views () Forum Replies ()

Read more with google mobile : OCZ back on track, taps more NAND suppliers |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Reihan Salam Frederick Kempe Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Cracks surface in Republican unity on tax rates 28 Nov 2012 U.N. set to implicitly recognize Palestinian state, despite threats | 10:42am EST California Democratic campaign treasurer gets eight years for fraud 28 Nov 2012 Two tickets share record $588 million Powerball win 2:32am EST Chinese police plan to board vessels in disputed seas 6:28am EST Discussed 239 Obama promotes tax agenda, U.S. Congress in stand-off 202 Warren Buffett calls for a minimum tax on the wealthy 86 Senators won’t support Rice until Libya questions resolved Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Protests erupt in Egypt Protests against Egypt's president sweep the country. Slideshow A donkey's burden The heavy payloads carried by some donkeys. Slideshow Sponsored Links OCZ "back on track", taps more NAND suppliers Tweet Share this Email Print Related Topics Tech » By Sruthi Ramakrishnan and Sriraj Kalluvila Thu Nov 29, 2012 7:45am EST (Reuters) - Embattled solid-state hard drive maker OCZ Technology Group Inc is sourcing a critical component from multiple vendors after a supply shortage caught it off guard. "Recently we haven't had any significant NAND supply issues, mostly because we diversified ourselves to multiple suppliers. That was part of the issue before. We were overly reliant on one supplier," Ralph Schmitt, who was named CEO in October after the resignation of co-founder Ryan Petersen, said in an interview. OCZ, known for its Vertex brand, warned in September that it expected second-quarter revenue to be below its prior forecast due to a shortage of NAND chips, used for general storage and data transfer in memory cards and solid-state drives. The company later said it expected a "significant" loss in its second quarter due to issues in its customer incentive programs, and also delayed filing the results. Schmitt said a third-party review of OCZ's investigation into customer incentive programs at the heart of the expected loss had taken longer than expected, so it was unclear when the company would report its second-quarter results. "I wish I knew the answer to that question," Schmitt said, adding that the review may end by next week. OCZ said last week that it was being investigated by the Securities and Exchange Commission because of the delayed results and had received a subpoena requesting certain documents and information. The company, which said in October that it had accessed its cash facility, is in talks for additional capital, Schmitt said. "There is ongoing discussion," Schmitt said. "We've plenty of interested parties. I don't think it'll be an issue for us to get cash into the company. It's a question of what the terms look like." "CRANKING UP THE SPEED" Schmitt said OCZ had no plans to sell itself but was always open to exploring strategic alternatives. "(A) sale is a strategic alternative. But right now that's not the direction we are heading towards because we believe the valuation of the company today should be higher even if based on the pure assets of the company," Schmitt said. OCZ's shares spiked in July on reports that larger rival Seagate Technology Plc had made a takeover offer. Micron Technology Group was also said to be interested in the company. [ID:nL4E8IJ45X] Schmitt declined to comment on whether OCZ had received any offers. OCZ shares have dropped 57 percent since the company's October 10 profit warning. OCZ's plan to scrap about 150 mostly lower-end products will help it focus on higher-margin offerings, Schmitt said. "I cannot think we can compete on price," he said. "The flash guys - the Microns, the Intels, the Samsungs really are the guys that will take that market," he said. "They can have it as far as I am concerned, as there is no profit to be made there for us," said Schmitt, who joined OCZ's board following the acquisition in 2011 of the UK design team of PLX Technology Inc, where he was CEO. From now on the focus of the company, which has not made a profit in the last three quarters, will be profitability and not topline growth alone, Schmitt said. OCZ, which also competes with Fusion-io Inc, SanDisk Corp and STEC Inc, has announced plans to slash its workforce by about 28 percent. As of February 29, the company had about 700 employees. OCZ will account for charges associated with the closure of the product lines and job cuts over more than one quarter, Schmitt said. The simplification of product lines is also helping to push out older inventory. Inventory levels for the quarter ended May 31 totaled $125.8 million, up from $34.6 million a year earlier. "I'll say that we've got the train back on the track," Schmitt said, referring to an analyst's description of the company as a "train wreck." "We are cranking up the speed here, moving forward on those tracks," Schmitt said. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Ted Kerr) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 29 November 2012
Bangladesh fire protests rage, supervisors arrested |
Yemenis agree on national dialogue conference |
As China showcases carrier, global naval balance shifting |
Protesters threaten operation of Western Libya's main oil refinery |
Microsoft CEO defends its innovation record, financial results |
German lawmakers condemn Google campaign against copyright law |
Italian tax police probe Google Italy again |
Vivendi's SFR telecom unit to cut 856 jobs |
UK student escapes U.S. extradition in copyright case |
Former boxing champ Mike Tyson to take one-man show on the road |
Homeland in, Boardwalk Empire out in PGA TV nominations |
Adele's 21 sells 10 million, Rihanna leads Billboard |
Russian region pays $2.4 million for Tarkovsky archive |
Egypt assembly seeks to wrap up constitution |
Chinese police plan to board ships in disputed seas |
U.N. set for implicit recognition of Palestinian state, despite U.S., Israel threats |
Bangladesh fire protests rage, supervisors arrested |
Pakistan doctor in bin Laden case starts hunger strike |
Japan's new Restoration Party seeks bigger defense spending |
Indian government bows to pressure, agrees to vote on supermarket reform |
Farm murders highlight apartheid's toxic legacy in South Africa |
U.N. chief recommends offensive military operation in Mali |
Amazon's cloud chief targets old guard tech giants |
Audit firms sued in HP's Autonomy acquisition |
Samsung takes aim at Japanese rivals with Android camera |
Taiwan body to reopen DRAM asset tender after failed auction |
Young teens in U.S. use mobile devices for homework |
R&B star Mary J. Blige sued for defaulting on $2.2 million loan |
California police say comedian Katt Williams evaded arrest |
Womens' stories dominate 2013 Sundance film lineup |
Directors Guild to honor Milos Forman with lifetime award |
PM Cameron opposes press law after hacking scandal |
Damascus fighting cuts off Internet, airport |
North Korea pushing ahead with new nuclear reactor: IAEA |
Roadside bomb kills 10 civilians in Afghanistan |
Analysis: At peak of powers, Merkel sets sights on third term |
Bombs kill 30 in Iraq Shi'ite cities |
Kosovo ex-premier Haradinaj cleared of war crimes again |
Shifting account of CIA's Libya talking points fuels Rice controversy |
RIM jumps 10 percent in Toronto trade after Goldman upgrade |
Cisco to buy privately held network software co |
Belden to sell defense cable business to Carlisle for $265 million |
Siemens says Invensys Rail deal will boost profits |
OCZ back on track, taps more NAND suppliers |
Vivendi's SFR begins 4G battle in France |
Nokia Siemens to close Bruchsal plant in Germany |
Lindsay Lohan arrested in New York, accused of punching woman |
Russian court bans extremist Pussy Riot video |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01