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Old October 15, 2012, 11:00 AM
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SKYMTL SKYMTL is offline
HardwareCanuck Review Editor
Join Date: Feb 2007
Location: Montreal
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Default Amid Investigations & Investor Angst, OCZís Stock Plummets

SSD manufacturer OCZ has been on a rollercoaster ride as of late, and the situation is getting substantially worse with allegations of securities fraud and numerous investigations.

At the beginning of 2012, OCZ Technologiesí outlook was rosy. Their stock was on an upswing (it hit a peak of $9.41, valuing the company at over $600 million), order quantities were strong, demand for their solid state drives was increasing and revenue projections looked very promising. Some wondered if the growth was sustainable but OCZ continually beat the streetís expectations and investors were happy.

Read more here: Amid Investigations & Investor Angst, OCZ’s Stock Plummets | Hardware Canucks
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