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With Rumored Seagate (STX) Deal Squashed, OCZ (OCZ) Investors Are Back to Worrying about Flash

October 1, 2012 12:04 PM EDT
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Price: $0.05 --0%

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    5 Buy, 4 Hold, 1 Sell

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    Up: 6 | Down: 3 | New: 1
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OCZ Technology (Nasdaq: OCZ) shareholders were disappointed last week when sources at Seagate (Nasdaq: STX) squashed rumors about an acquisition.

Analyst Mark Kelleher of Dougherty & Co. said he does not believe another company will make an acquisition offer for OCZ given the current uncertainties in the company’s business model. Even with the recent 5-day, 17 percent pull-back, the analyst is reluctant to recommend purchasing OCZ.

"Foremost among those issues is the continued shortage of Flash memory chips," said Kelleher. "Without a reliable source of Flash, OCZ may not be able to ship enough product to achieve its November quarter goals."

Dougherty & Co has a Neutral rating on OCZ Technology Group .

For an analyst ratings summary and ratings history on OCZ Technology Group click here. For more ratings news on OCZ Technology Group click here.

Shares of OCZ Technology Group closed at $3.47 yesterday.


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