|13 Oct 2012||#1|
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OCZ stock shares off 50% this week; buyout and layoff rumors
OCZ sees 'significant' loss, shares fall 43% - MarketWatch
Financial statements under review, seeking delays with SEC.
OCZ will report negative gross margins and a "significant" net loss for the second quarter.
The company has $43 million in cash and $96 million in liabilities.
Apparently, OCZ is subject to many lawsuits regarding pricing discounts to OEMs.
The stock is off from $8 to $1.47 since early July through October 12. It fell from over $3 to $1.47 just this week.
Rumors of buyouts, bankruptcy, SSD support evaporating, etc.
It would make me wary of buying any of their products if I expected support.
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