Bookmark and Share


OCZ Technology Group, a leading supplier of solid-state drives for computing devices and systems, on Tuesday announced that it had received a determination from the NASDAQ listing qualifications panel indicating that it had granted the company's request to remain listed on the NASDAQ stock market, subject to the condition that the company is current in the filing of its periodic reports with the SEC by September 16, 2013.

"We are delighted that NASDAQ has granted us this extension. As recognized by this extension, the company has made substantial progress in becoming current with our filings and we look forward to completing this as soon as possible," said Ralph Schmitt, CEO of OCZ Technology Group.

OCZ is required to promptly notify NASDAQ of significant events that occur during the exception period. The panel reserves the right to reconsider the terms of the exception if it believes that the continued listing of the company's common stock on the NASDAQ stock market is inadvisable or unwarranted.

The determination follows the company's hearing before the panel on May 16, 2013, at which the panel considered OCZ’s plan to regain compliance with NASDAQ's filing requirement. The company is working to timely satisfy the terms of the panel's decision; however, there can be no assurance that it will be able to do so.

Tags: OCZ, Business, SSD


Comments currently: 0

Add your Comment

Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month