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[BSN] Rumors of Fraud Rock OCZ’s Stock on the NASDAQ

post #1 of 33
Thread Starter 
http://www.brightsideofnews.com/news...he-nasdaq.aspx

Quote:
Today marked the day when an article published by a company known as Copperfield Research caused OCZ’s stock to drop by 30% in a matter of minutes. The article only gained traction once it was posted on the popular investment website Seeking Alpha. It makes 15 allegations pertaining to the company’s statements, financial transactions, and company practices including those of the CEO.
Here is the Copperfield Research article. They also stand to make a lot if OCZ stock falls, but it seems the stock picked back up. OCZ has not yet commented, but it sounds like they lied about SSD sales and their relationship with other companies.
http://www.scribd.com/doc/53435574/O...pect-Deceitful

no surprise here.
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post #2 of 33
Quote:
no surprise here.
Not really no.
post #3 of 33
Meh, my ModXStream Pro does what I need it to do and nothing more. Not like I'll be turning in my sleep over this "guilty" decision. Of course I'm referring to purchasing hardware from a lying corporation for anyone who doesn't catch that...
     
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post #4 of 33
Just the usual stock manipulation. Throw some FUD to short it down, the buy it back up and ride that wave. Lather, rinse and repeat.
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post #5 of 33
Quote:
Originally Posted by John_w View Post
Just the usual stock manipulation. Throw some FUD to short it down, the buy it back up and ride that wave. Lather, rinse and repeat.
I kinda had the urge to buy OCZ stock after reading the article..
    
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post #6 of 33
i have an ocz psu and it works fine (knock on wood) but ive heard some pretty shady stuff about their switching to 25nm dies on their ssd's which apparently causes them to not work as well or last as long....without any mention.
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post #7 of 33
Thread Starter 
Quote:
Originally Posted by John_w View Post
Just the usual stock manipulation. Throw some FUD to short it down, the buy it back up and ride that wave. Lather, rinse and repeat.
here is the thing it didn't end up hurting the stock, but there were very curious reports of the VERY high failure rates of many OCZ memory products like RAM. I bet they were reselling bad hardware and counting it as revenue and then writing off the returns on taxes. I am sure SOME of the worser allegations are true, and some are not.

in 2003 i owned 3 OCZ products that lasted 5 years.

In 2010 i owned 2 and they both failed.
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post #8 of 33
Quote:
Originally Posted by ccrunner863 View Post
i have an ocz psu and it works fine (knock on wood) but ive heard some pretty shady stuff about their switching to 25nm dies on their ssd's which apparently causes them to not work as well or last as long....without any mention.
Unfortunately, I didn't find out about that until last night. Yesterday I RMA'd my C300 and picked up a Vertex 2 (for temp usage) which has the under performing 25nm nand. It hadn't shipped as of this morning, and NewEgg refused to cancel the order because it had already been issued a tracking number.

I hadn't been paying attention to the SSD market since I got my C300, and had no idea they'd changed it. Now I have to wait, refuse the package. Then wait for it to get back to NewEgg, and be credited.

The real shady part was, there was NO indication on the product listing.
Which apparently, NewEgg has been aware of the specifics since February.

http://www.storagereview.com/ocz_iss...d_replacements

On the other hand, I've been considering all day. Keeping said drive, and benching it. Sending the results to the BBB, and filing a claim.
Edited by Lucky 13 SpeedShop - 4/20/11 at 8:18pm
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post #9 of 33
yeah i first discovered it on newegg reviews.

I almost bought one myself back in february when i built my sig rig.... after that i just decided to wait for the next gen of intel ssd's and go with the old school disk for now.
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post #10 of 33
OCZ deserve everything they get. Products that break JUST out of warranty are bad products. A warranty is supposed to be an assurance of the products longevity.
    
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