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OCZ to get a NASDAQ listing

Posted on Thursday, April 22 2010 @ 20:33:30 CEST by


Bright Side of News spotted that OCZ has been approved to be listed on the NASDAQ Capital Markets. The company has recently shed off quite a lot of non-core business product lineups, a move that is likely part of a strategy to boost margins in order to attract investors to significantly ramp up the company's solid state disk business.
We believe that the refocusing on their core businesses is part of their strategy to improve their margins and company focus in order to attract more investors especially with this new announcement. Ryan Petersen, CEO of the OCZ Technology Group, commented: "Trading on the NASDAQ has been a goal of OCZ since we listed in the US, and our approval is a significant milestone for our shareholders. Our core initiatives are focused on strengthening our position in the burgeoning SSD market, which our recent announcements on retail and enterprise product launches and the signing of distribution partners for our SSD products represent. We look forward to gaining visibility on the NASDAQ and utilizing the benefits of trading on the exchange." As Ryan Petersen said himself, they are focusing heavily on their strengthening of their position in the SSD market which means continuing to compete against the likes of companies like Intel who also have their own SSD technologies. OCZ appears to be attempting to fill every market segment of the SSD market by releasing ranging from the high performance redundant PCI-Express based SSDs to the "low end" 30GB OS boot drives. The interesting bit is that this announcement comes only 24 hours after Fusion-io collected another $45 million in Venture Capital funding. OCZ is already a publicly traded company on the London Stock Exchange, thus an introduction to the NASDAQ seems like a logical step for this $200M+ revenue/year company.



 



 

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