OCZ “back on track”, taps more NAND suppliers
(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, contributing to a near 60 percent drop in its share price. “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 shares rose as much as 30 percent to $1. …
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OCZ “back on track”, taps more NAND suppliers